At its 4th session in 2021, ISAR Honours received 40 nominations from 23 different countries. Since its first pilot edition in 2018, ISAR Honours has been progressing and the number of initiatives received has doubled. The increasing interest towards ISAR Honours proves organizations’ commitment and efforts on enhancing the quality and comparability of companies’ reporting on their contribution to the 2030 Agenda for Sustainable Development, and its usefulness for monitoring the implementation of the Sustainable Development Goals (SDGs).
UNCTAD announced recipients of the ISAR Honours 2021 at the 7th World Investment Forum on 19 October 2021. From the policy, institutional or capacity-building initiatives received this year the Review Committee has selected the top three national and international honourees. Additionally, a special nomination was proposed by UNCTAD at the national and international levels.
Nominations were submitted by private and public organizations of all sizes with a balanced representation of developed, developing countries, and economies in transition.
“The UNCTAD secretariat would like to express appreciation to entities that took time and effort to provide their applications. We hope that the ISAR Honours becomes a useful means for Member States and other stakeholders for identifying, collecting, sharing and promoting good practices on enterprise reporting on sustainability and SDG issues from around the world. The results of the project will also help to develop case studies on good practices; enhance stakeholder dialogue; and facilitate reporting by countries on the private sector contribution to the SDG implementation.” said James Zhan, UNCTAD’s investment and enterprise director, at the virtual awards ceremony.
3 Honourees have been recognized for the International Category:
✓ World Business Council for Sustainable Development (WBCSD)
For the initiative “Assurance Internal Control”
✓ Value Balancing Alliance
For the initiative “VBA Impact Statement and Integrated Accounts”
✓ OECD Centre For Responsible Business Conduct
For the initiative “Understanding and measuring environmental and social impacts of business in global supply chains and the transboundary effects on the SDGs”
3 Honourees have been recognized for the National Category:
✓ FSR – Danish Auditors, Denmark
For the initiative “Partnering for Improved Sustainability Reporting Practice”
✓ Institute of Certified Public Accountants (ICPAR &ICPAK), Rwanda and Kenya
For the initiative “Financial Reporting Awards (FiReAwards)”
✓ The Southern African Institute For Business Accountants , South Africa
For the initiative “GCI Capacity Building for SMEs”
UNCTAD also gave special recognition to 2 additional initiatives, for national and international category respectively:
✓ FBN- The Family Business Network International
For the initiative” Family Business for Sustainable Development”
✓ Malaysian Sustainable Finance Initiative, Malaysia
For the initiative “MSFI”
More information on applicants and initiatives can be found in the 2021 ISAR Honours Brochure.