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Focus on sustainability

Companies may enter the competition for Deloitte's sustainability award until the end of October

Budapest, 26 July 2012 After last year's reforms, Deloitte Hungary announces this year's edition of its annual Green Frog Award which looks back on a history of over a decade. Any company registered in a Central European country has the opportunity to compete for the award, irrespective of its business sector or the number of employees.

 

Róbert Reiniger, Director at Deloitte Hungary`s Environmental Risk Services, explained: Similarly to last year, the focus will again be on sustainability. We hope that the award will play a significant role in ensuring that the annual reporting practice of companies in the region is not limited solely to presenting the financial implications of the companies' business.

 

The award will go to the company which prepares the best annual sustainability report (or corporate social responsibility report) in the given year in Central Europe. Similarly to last year, there will be two key assessment criteria: one area of focus is the detail and accuracy of the information published and the other is the comparability of the report, i.e. whether the company puts the relevant information into context. The main criteria considered by the panel when selecting the winner will be the reporting principles and content requirements prescribed by the GRI (Global Reporting Initiative).  GRI in itself is naturally no guarantee, only a useful tool for the preparation of an "appropriate" sustainability report which helps assess and compare the impacts of companies irrespective of the sector in which they operate.

 

Selecting the best reports

 

Róbert Reiniger added: The composition of the panel of judges and the evaluation criteria will reflect the changes introduced in 2011. The panel of judges will consist of Deloitte Hungary`s environmental specialists who are all committed to the issues of sustainability and corporate social responsibility and to addressing these issues. The panel will evaluate applications prepared in English. Should a company's sustainability performance be presented as part of its annual report, the judges will only consider sections of the report that are relevant.

 

Key assessment criteria

Detail and accuracy of information

15%

Comparability and clarity

15%

GRI content requirements

 

GRI reporting principles

Standard presentation of figures

10%

Adoption of GRI principles relevant to the content of the report

20%

Adoption, quality, and compliance level of GRI indicators

25%

Adoption of GRI principles relevant to the quality of the report

15%

         

 

As in previous years, the winner of the award will receive a unique prize. The prize will be a work of art designed by a young aspiring student artist at the Moholy-Nagy University of Art and Design which depicts the concept of sustainability – the expert added.

 

Useful information for applicants

 

The deadline for submission is 15 October 2012 and the winner will be announced in November 2012.

Application is free of charge for companies. For further information, please visit the Green Frog Award website.

 

Introducing Deloitte's experts:

 

Róbert Reiniger

 

Director, Environmental Risk Services

Róbert Reiniger, leader of Deloitte's Environmental Risk Services, an expert in the preparation and monitoring of the environmental aspects of infrastructure development projects and the implementation of standalone environmental projects. Under his leadership Deloitte has prepared several hundred environmental impact assessments due diligence projects, state assessments, performance evaluations, and remediation plans.

 

Róbert Reiniger specialises in the following areas: 

  • Environmental assessments, reviews, performance evaluation and audits
  • Environmental impact assessments and integrated environmental permit documents
  • Corporate environmental/sustainability reports
  • Environmental manuals
  • Environmental information systems
  • Comprehensive environmental risk assessment
  • Reduction of greenhouse gas emission, emission trade
  • Verification of annual company reports on greenhouse gas emission
  • EU and domestic grants policy concerning environmental protection (and transport infrastructure)
  • Review of the packaging waste recording and reporting system

 

 

Deloitte Co. Ltd. was selected by International Tax Review as the tax firm of the year in Hungary in 2011 and transfer pricing advisory firm of the year in Central Europe in 2012.

Last Updated: 

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