NEWS & UPDATES

KUCHING, 3 JULY 2019, WEDNESDAY: Sarawak Energy's Annual Report 2017 received Silver at the 69th Australasian Reporting Awards (ARA) themed "Celebrating Excellence in Reporting" in Melbourne recently.

The ARAs provide organisations that produce annual reports the opportunity to benchmark their reports against world best practice. Sarawak Energy was amongst companies in the region who met demanding ARA criteria, while providing satisfactory coverage and presenting quality disclosures.

Datu Sharbini Suhaili, Sarawak Energy’s Group Chief Executive Officer said, “Our report records the achievements and challenges of that particular year and showcases our journey as we progress our three-year strategic roadmap and our key focus areas.”

“We are benchmarked against peers, listed and international companies, and are pleased that our publication has met the standards of this international award. This award elevates how we are perceived by our stakeholders, particularly existing and potential investors, adding value to their understanding of our business,” he said.

“As a non-listed public entity, we are not bound by the regulated disclosure requirements of Bursa Malaysia Securities Berhad. However, in the spirit of transparency, good corporate citizenship and good governance practices, we continue to publish our annual and sustainability reports on a purely voluntary basis, and provide a balanced view of our activities,’’ said Aisah Eden, Executive Vice President for Corporate Services.

“This demonstrates a great effort from the team for producing a quality annual report that is clear, concise and informative,” she said.

The prestigious awards have been organised for over 60 years and are administered by Australasian Reporting Awards Limited, an independent non-profit organisation run by volunteer professionals from the business, government and non-profit sectors. They are supported by various professional bodies concerned with the quality of financial and business reporting.

The award marks Sarawak Energy’s third international recognition for its annual report. The vertically integrated power utility and energy development corporation received a Silver in 2018 and a Bronze in 2017 from the ARAs.

Sharbini (centre) with the award. Also seen in the picture are (from right) Lu Yew Hung, Group Chief Operating Officer; Aisah Eden, Executive Vice President for Corporate Services; Maxbie Teo, Senior Executive for Content; and Alexander Chin, Chief Financial Officer.