KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has won the Gold Award at the 73rd Annual Australasian Reporting Awards 2023 held in Sydney, Australia, for its 2021 Integrated Annual Report.

In a statement, MRCB said it was the fifth time that MRCB has been bestowed the coveted Gold Award.

The Australasian Reporting Awards, which is administered by an independent not-for-profit organisation with the support of professional bodies concerned with the quality of financial and business reporting, was created to uphold, and improve standards of reporting.

It said its Gold Award represents the highest standard of reporting and disclosure, based on global best practices and international benchmarks that focus on transparency and accountability.

“There have been big improvements in corporate reporting over the last few years, driven by growing disclosure requirements by regulators and stakeholders,” said MRCB chief corporate officer Amarjit Chhina.

“Nevertheless, despite the bar being continuously raised in corporate reporting, winning another Gold Award proves our unwavering commitment to setting the highest standards in corporate governance and disclosure, and communicating honestly and transparently with all our stakeholders.”

MRCB also recently won the Gold Award for Governance, Reporting and Transparency at the ESG Positive Impact Awards 2022 held on June 8, 2023.

The ESG Positive Impact Awards recognises businesses that have demonstrated exemplary environmental, social and governance (ESG) practices, and is endorsed by several esteemed organisations, including Ernst & Young, the ABAC Center of

Excellence Limited and the Malaysian Institute of Corporate Governance.