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ACCA, a supporting organisation of the GRI awards for sustainability reporting, congratulates the successful participants

The Global Reporting Initiative (GRI) has announced the winners of the GRI Readers' Choice Awards for sustainability reporting at the Amsterdam Global Conference on Sustainability and Transparency. The awards were supported by ACCA, KPMG and SustainAbility.

The winning reports, as selected by readers in eight categories, were as follows:

• Best Report: All Stakeholder Groups
  Petrobras (Brazil)
• Best Report: Civil Society
  Petrobras (Brazil)
• Best Report: Media
  Gas Natural SDG (Spain)
• Best Report: Financial Markets
  ABN Amro India (India)
• Best Report: Employees
  ITC (India)
• Best Report: Non-Business Organisation
  Fundacion Empredimientos Rurales Los Grobo (Argentina)
• Best Report: Not-so-big Business
  Frigoglass (Greece)
• Best Report: Non-OECD Company
  TGC-5 (Russia)

In announcing the winners, Ernst Ligteringen, the GRI's chief executive, said: 'People want to know how the companies they buy from, invest in and work for are addressing the pressing issues of today. They are taking note of those who are providing the best information, and rewarding them.'

To select the awards, GRI asked readers of sustainability reports to vote for the best reports based on their needs and preferences. More than 1,700 readers in 70 countries participated in the scoring process. Participants scored 800 reports from 50 countries and evaluated reports based on five criteria.

The large number of responses from emerging markets proves sustainability reporting has become a truly global concern and readers want to reward companies where economic, environmental and social measures take their place alongside traditional financial ones in corporate reporting.

'It is heartening to us that so many new voices have been heard. They are rightly proud of those companies and groups who are leading with transparency and accountability in their region,' said Jacqueline Aloisi de Larderel, chair of the GRI Readers' Choice Awards Integrity Committee and former and assistant executive director of the United Nations Environment Programme (UNEP).

'The GRI Readers' Choice Awards 2008 show that sustainability reporting has made its entrance into mainstream consciousness. This is the future of business,' said Mervyn King, chair of the GRI Board of Directors.

Visit www.globalreporting.org/Awards for further information, including details of the scoring methodology