The Jakarta Post
Sustainability and the impact of a company's corporate social responsibility (CSR) programs will be the aspects to look out for at the first ever Asia Corporate Excellence and Sustainability (ACES) Awards, held in Singapore on Nov. 26.
The event will be participated in by leading corporate houses and small-to-medium enterprises (SME) from across Asia, who are all vying for distinction in the fields of corporate leadership and sustainable business practices.
The awards categories include Entrepreneur of the Year, Outstanding Leaders in Asia, Top SMEs in Asia, Top Companies to Work for in Asia, Top Green Companies in Asia, Top Community Care Companies in Asia, Green Company of the Year and Most Socially Responsible Company of the Year.
Elaborating on the purpose of the awards, the ACES Awards jury panel chairman Hermant Batra explained the importance of corporate sustainability in ensuring a viable future and a better world for the next generation.
'It is a multi-dimensional holistic approach expected from the corporate world to grow but not to the detriment of future generations. ['¦] Any kind of growth is meaningless without excellence and sustainability,' Batra said in a statement obtained by The Jakarta Post on Wednesday.
Similarly, chief executive officer of the award's primary organizer, MORS Group, Shanggari Balakrishnan said that the awards would see how the participating companies followed their sustainability practices by heart and passion and not just driven by obligation.
'Criteria for the awards are determined by qualitative and quantitative aspects. In the leadership category, it's a straightforward criterion in looking at sales turnovers, but what is more important is looking at the capabilities and how they are contributing back,' she explained to reporters at an event press conference on Wednesday.
Indonesian companies nominated for several awards at the event, include PT XL Axiata, PT Telkomsel and PT Unilever Indonesia. (***)