The JSE-listed companies with the best annual reports

Nedbank took first place in EY’s 2023 Excellence in Integrated Reporting (EIR) Awards for a second consecutive year, while Redefine Properties and Kumba Iron Ore achieved second and third place, respectively.

These awards benchmark standards of excellence in the quality of integrated reporting published by listed South African companies for their investors and stakeholders. 

The top 100 JSE-listed companies, based on market capitalisation as of 31 December 2022, were included for consideration, while pure holding companies were excluded. 

Nedbank achieved the top ranking in the EY EIR 2023 Awards for a second year. Redefine Properties ranked second, as it did in 2022. Kumba Iron Ore took third place this year, up from sixth in 2022.

“It is our great pleasure to congratulate Nedbank for achieving first place,” said Clark. 

Emeritus Associate Professor at the University of Cape Town and adjudicator for these awards, Mark Graham, said Nedbank’s report is well laid out, easy to read and good use is made of infographics to summarise complex information in an understandable way. 

“The report has a discernible focus on value creation, preservation, and erosion. We particularly liked the strategic focus of the report and the way in which strategic performance is supported by detailed key performance indicators.” 

“The focus within the governance section on the key issues considered by the board, together with extensive discussion of these issues, is best practice.” 

In addition, Nedbank’s outcomes are detailed and supported by meaningful, hard data. 

“The overall coherence and connectivity of the report is excellent,” he said.

Top 10 rankings

Below are the top 10 for EY’s 2023 EIR Awards.

2Redefine Properties
3Kumba Iron Ore
5Anglo American Platinum
9Impala Platinum

Sustainability focus

In line with a growing global focus on sustainability reporting and new standards being published in this arena, this year’s EY EIR Awards included some insights on sustainability reporting.

EY African corporate reporting leader Larissa Clark said, “Over the last year, developments in the environmental, social and governance (ESG) reporting landscape have been unprecedented. 

“In June 2023, the International Sustainability Standards Board (ISSB) issued its first two standards, with an effective date of 1 January 2024. Reporting by the identified sectors will, if necessary, be enforced at jurisdictional level.”

“Over the next few years, companies will be challenged to meet ever-increasing reporting expectations of regulatory bodies and stakeholders.”