Industry leaders have welcomed a new set of awards that will recognise companies’ and individual leadership contributions towards sustainable business practices in Africa.
Called the Nedbank Capital Sustainable Business Awards, the awards have been conceptualised off the back of the successful Nedbank Capital Green Mining Awards which ran from 2006 to 2011. “We needed to broaden the scope of the awards to embrace the progress that is being made in sustainable business practices in a variety of industries throughout Africa,” says Terence Sibiya, Head: Coverage & Origination at Nedbank Capital.
“The purpose of the awards is to honour African business and business leaders that have made a significant effort to promote sustainable business on the continent. There is a growing need for companies to perform financially whilst at the same time creating value for society and the environment. Sustainable business redefines the traditional paradigm of “business as usual” with its focus on creating value for society and the environment without trade-offs for shareholders, suppliers and customers.”
solving problems with sustainable business
“Sustainable business recognises and demonstrates that business is one of the most important levers for solving the numerous social and environmental challenges facing humanity. It also recognises that there are immense opportunities for generating shareholder wealth through solving societal problems,” says Sibiya.
Encouragingly, the introduction of the Nedbank Capital Sustainable Business Awards has been welcomed by industry leaders. Mark Cutifani, CEO of Anglogold Ashanti says: “My congratulations to Nedbank for being a clear leader in the green space in the financial sector – the Nedbank Capital Sustainable Business Awards will raise awareness and should emphasise the urgency for more effective and tangible sustainable business leadership.”
Simon Susman, Chairman of Woolworths Holdings Limited also commented: “We have limited resources – both human and environmental – in our world and country. Business therefore needs increasingly to conduct itself to enrich and protect those resources. Doing this ensures deep sustainability for all our stakeholders. The launch of the Nedbank Capital Sustainable Business Awards will greatly advance this aspiration.”
Companies with a minimum annual turnover of R200 million and at least 500 employees are eligible to enter the awards, with the award process being facilitated independently by sustainability specialists at SRK Consulting. An independent panel of business and sustainability experts will be appointed to adjudicate the awards.
finding your place
The sector categories in the Nedbank Capital Sustainable Business Awards include:
- Resources and non-renewable energy – including mining, oil, gas, agriculture and non-renewable energy
- Infrastructure and renewable energy – including logistics, transportation, property development, construction, infrastructure component of telecommunications and renewable energy
- Diversified industrials – including manufacturing and beneficiation
- Trade and services – including tourism, healthcare, retail, warehousing, information technology and media
There is also a leadership category which includes individuals in executive management. The University of Pretoria’s Gordon Institute of Business Science (GIBS) will be participating as the academic partner for this award category.
Importantly, the Nedbank Capital Sustainable Business Awards are seeking to reward and incentivize leadership and innovation in companies that:
- Create demonstrable value for the company, the economy, the society and the environment
- Embed sustainability into the core business model
- Employ systemic, long-term and multi-stakeholder thinking, process and problem solving
- Consider the sustainability challenges faced by society as opportunities for value creation
The winner of each sector category will be awarded a floating trophy while certificates will be presented to the winner and two runner-up finalists in each category. The winner of the leadership category will be awarded a floating trophy and a certificate.
Please click here to download the nomination form for the Nedbank Capital Sustainable Business Awards 2013. Closing date for entries is 30 September 2012, with the awards ceremony on 13 March 2013.
Previous winners of the Nedbank Capital Green Mining Awards include: Anglo American Thermal Coal’s Gypsum Housing project; Anglo American Thermal Coal’s HIV/AIDS Workplace Programme; Oppenheimer & Son and De Beers Consolidated Mines’ Diamond Route Project; Afrisam’s CO2 Footprinting Initiative; Kenmare Resources’ Kenmare Moma Development Association; Lonmin’s Local Supplier Developer Programme; and BHP Billiton and Anglo Coal’s Emalahleni Water Reclamation Project.