The Evaluation Committee which is a sub committee of the Joint Committee of the Institute of Chartered Accountants of Pakistan and Institute of Cost and Management Accountant of Pakistan has been giving the Best Corporate Report (BCR) Awards in Pakistan since 2000 and ‘Best Sustainability Report’ since 2011. The winners are also nominated for SAFA Best Annual Reports Award.

The objective is to recognize excellence in corporate reporting, promote accountability & transparency and recognizing the responsible reporting by companies covering economic, environment and social performance of the business. The annual reports are adjudged for Awards on the basis of a criteria. Awards are given to top three positions followed by Merit Certificates for reports achieving the minimum benchmark. There is a separate criteria for Non-Profit Organizations which may have been formed under different laws viz. Companies Act, 2017, Societies Act, 1860, Social Welfare Ordinance, 1961 and Trust Act, 1882 or through special legislations. The companies are encouraged to fill self-assessment checklist available along with the Criteria, on the website of both the Institutes. The Awards are given from 13 categories viz. (1). Banks, (2). Insurance, (3). NBFIs & Mutual Funds (4). Chemicals & Fertilizers, (5). Engineering & Autos, (6). Fuel & Energy, (7). Cement, (8). Sugar, (9). Textile, (10). Pharmaceuticals, (11). FMCG, (12) NPOs, and (13). Others.

The published annual reports to be sent to Mr. Shamsuddin Bhimani at Institute of Cost and Management Accountants of Pakistan ST-18/C, Block - 6, Gulshan-e-Iqbal, Karachi. Ph: 021-99243630.

The participation in this competition is encouraged for:

• Listed companies
• Public sector companies both listed and unlisted;
• Large size companies;
• NPOs and Mutual Funds / Assets Management Companies.

You may visit link https://www.icmap.com.pk/event_videos.aspx for BCSR awards ceremony held on August 20, 2019.