CMS bags silver in global annual report competition

Isaac holding CMS’ 2019 Integrated Report which won the Silver Award for the Annual Report Competition.

KUCHING, Sept 15: Sarawak-based conglomerate Cahya Mata Sarawak Berhad (CMS) has won a Silver Award for its 2019 Integrated Report at the 34th Annual International ARC Awards — the world’s largest annual report competition — held in New York recently.

CMS in a statement revealed its 2019 Integrated Report with its tagline “Creating Future Value” was bestowed the Silver Award in the Integrated AR & CSR: Non-Traditional Format sub-category under the Specialised Annual Reports Category.

Commenting on the achievement, CMS group managing director Datuk Isaac Lugun revealed: “The ARC Awards represent the best of the best in annual reporting standards and we are elated that our 2019 Integrated Report, our second integrated report to date, ranks among the world’s distinguished reports.

“The fact that we were assessed against a multitude of entrants from some 76 countries and still clinched a Silver Award is very humbling too.

“This achievement comes on the back of our 2018 Integrated Report, our maiden report, being named one of five finalists for the “Report of the Year Award” at the Australasian Reporting Awards (ARA) event in Melbourne.”

CMS had bagged an ARA Gold Award for distinguished reporting.

The press statement also disclosed CMS’ 2018 Integrated Report also had the added distinction of being the first ever report from a company within Asean to be selected as a finalist in the 70-year history of the ARA.

“These multiple accomplishments to date underscore CMS’ commitment to upholding excellence through the high standards of reporting and disclosure.

“While we are pleased with our recent accomplishments, rest assured that we will not rest on our laurels but will continue to give of our very best in all that we set our hands to,” Isaac pointed out.

He added: “Our being recognised by key organisations for our integrated reporting endeavours shows that we have made some solid progress by way of articulating the story of how we have been aligning strategy with value creation and performance.

“By formally demonstrating how we are creating real value for our stakeholders over the short, medium and long-terms, I believe we are also making good headway in strengthening stakeholder confidence and bolstering our position as a preferred company on Bursa Malaysia.”

The ARC provides a platform for companies from all around the world to showcase their high reporting standards.

Organised by MerComm Inc, it is the most anticipated annual report event of the year.

The contest attracts numerous entrants from around the globe, including publicly-held and privately-owned corporations, government agencies, non-profit organisations and associations.

CMS disclosed that the awards were given for overall performance for instance on how well an annual report tells a company’s story. — DayakDaily