Ayala gets recognition for integrated reporting

MANILA, Philippines — Ayala Corp., the country’s oldest conglomerate, has received recognition for integrated reporting.

Ayala received its first gold from the Asia Integrated Reporting Awards (AIRA), the region’s most prestigious award-giving body for integrated reporting for its 2021 Integrated Report “Building Businesses for the Greater Good.”

The report received a Gold and a Silver in governance and large company categories, respectively.

Ayala Corp.’s chief finance officer, chief sustainability officer, and chief risk officer Albert de Larrazabal said the award “affirms our commitment to transparency and addressing the needs of our stakeholders, and it inspires us to further strengthen our ESG impact management and shared value creation for the greater good.”

The company’s integrated report was recognized as a best-practice example, highlighting its application of integrated thinking and a multi-capital approach to generate long-term value for its shareholders and stakeholders, Ayala said in a statement.

Ayala previously bagged three silvers for large company, governance, and design categories.

It also received Best Integrated Report (Silver) and Best Integrated Report (Highly Commended) in 2020 and 2018, respectively.

Ayala has consistently showcased exemplary leadership in integrated reporting,” said Rajesh Chhabara, founder of AIRA and managing director of CSWorks.

Integrated reporting provides a comprehensive and transparent view of an organization’s governance, performance, strategy, and prospects, enabling providers of capital to make informed decisions and assessments.

Likewise, it enables companies to embed long-term sustainability into their business model and helps providers of financial capital make efficient and productive allocation of capital.

It is especially useful for investors as they use these integrated reports to assess the organization’s ability to create value in the short, mid, and long term.

According to AIRA, the winning reports are selected based on a rigorous assessment process, where an independent judging panel determines the finalists and winners.

The judging process evaluates the quality of the report, but also conducts comprehensive due diligence that takes into account companies’ reputations among their stakeholders