THE first sustainability report produced by Co-operative Financial Services (CFS), which was singled out as the best in the world by the United Nations last November, has won two more prestigious awards.
At the annual UK Sustainability Reporting Awards ceremony in London, CFS, won the Best Sustainability Report and an Electronic Media Commendation.
Although this is the first time that CFS has won the award for Best Sustainability Report, The Co-operative Bank has previously won the award every year since its inception in 2002.
The judges of the awards, run by ACCA (Association of Chartered Certified Accountants), said the report "has an impressive coverage and grasp of the relevant issues, comes across as both informative and transparent and is, overall, comprehensive and presented in an engaging and simple style`.
Head of Sustainable Development at CFS Paul Monaghan said: "Everyone at CFS has paid a part in winning this award ? whether it is through their efforts to maintain our ethical and environmental progress or their unstinting drive to make relationships with all our stakeholders as productive as possible.
"Of course, we are not perfect, but I would like to think that we do not duck the big questions and that we (and our partners) are all the better for it."
The Report showed that of the 86 performance targets set by both The Co-operative Bank and CIS for 2003, 43 were fully achieved, acceptable progress had been made on 27 and 16 had not been completed.
In November last year, the CFS report beat off some 2,000 companies from around the globe to take the coveted award for the world's best sustainability report. The United Nations Environment Programme commissioned the biennial benchmark of the world's best sustainability reports.
The Co-operative Group's Corporate Responsibility Report was also singled out as an example of good practice. The judges said: "This report showed a holistic, methodical approach to measuring and reporting on stakeholder engagement."
Pictured … Ken Lewis, Executive Director, Resources, at CFS is pictured receiving the award for Best Sustainability Report from Philippa Foster-Back, director of the Institute of Business Ethics at the annual Â ACCA awards in London.