Award categories and criteria 2017

Each of the Building Public Trust Awards is judged using a set of criteria designed to reflect excellence in reporting, with consideration being given this year to organisations' societal contribution and impact. 

To mark the 15th anniversary of the Building Public Trust Awards we’ll be celebrating those organisations who are leading the way towards building public trust through excellence in reporting, including, in particular categories, recognition of their societal contribution and impact reporting. Among other criteria, this is about recognising broader stakeholder groups, beyond shareholders.

Five awards, with a focus on societal contribution and impact reporting will be announced at the dinner on 28 September; Building Public Trust Awards for Excellence in Reporting in Charities, the FTSE, Private Business and Public Sector (awarded jointly with the National Audit Office).  We’ll also – for the first time – be recognising innovation.  Six awards for Excellence in Reporting in Corporate Governance, Executive Remuneration, People, Strategic Reporting, Sustainability and Tax, will be announced at the lunch on 30 November. These awards will also consider the societal contribution and impact theme.

Click on the award titles shown below for more information on each of the awards and the criteria used to judge them.


Awards criteria for Excellence in Reporting (including societal contribution and impact reporting) in:

FTSE 350

The period reviewed will be 1 April 2016 to 31 March 2017, and we will review the annual report, sustainability report and supporting year end reporting documents such as preliminary results and accompanying investor presentations on the company's website. Our shortlist will be drawn from those companies that have performed well across the range of BPTA categories, showing an ability to build trust with their stakeholders and excellence in all areas of reporting.

The FTSE award this year will look at five key principles: Context and Understanding, Governance, Identification of stakeholders, Performance Management and Communication. Critically the focus of our review will be looking to understand how a business seeks to optimise the way in which it shares the value it creates in its broadest sense by setting out a clear vision that combines business purpose with societal impact.

For the full criteria, please contact building.public.trust@uk.pwc.com

This award will be judged by our independent judging panel on 7 September 2017

Please note: The FTSE 350 as at 31 March 2017 will automatically be reviewed.  

There is no need to self-nominate.

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Private Business

The assessment will review the latest publicly available annual report and accounts, and associated year end reporting documents, for privately owned companies, including co-operatives, up to the reporting period ended 31 March 2017.

The focus of the award will be on those companies that demonstrate a clear articulation of the company purpose and the societal need it hopes to address, as well as clearly articulating a forward looking strategy, business model and description of the key market-shaping trends.  The governance aspects of the company and how a balanced discussion of progress, performance and impact to society is delivered will also be considered.

For the full criteria, please contact building.public.trust@uk.pwc.com

This award will be judged by our independent judging panel on 7 September 2017

Please note: The largest private business as at 31 March 2017 will automatically be reviewed

There is no need to self-nominate.

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Public Sector

This award will be presented jointly with the National Audit Office

We will review the annual report and supporting year end reporting documents such as business plans.

The Public Sector award this year will be focused on understanding how organisations have defined their social purpose, and the clear impact that they seek to have in the short and long term. We will be looking for engaging, relevant, reliable and timely information that is provided without unnecessary clutter with clear linkages to the societal priorities of the organisation. Looking at three pillars - content, quality and integration.

For the full criteria, please contact building.public.trust@uk.pwc.com

This award will be judged by our independent judging panel on 7 September 2017

Please note: The Public Sector award this year will again focus on the bodies at the heart of government and hence of public reporting: All Ministerial departments and the largest Agencies and Arms Length Bodies. 

There is no need to self-nominate

For fuller criteria details please contact:  building.public.trust@uk.pwc.com
For fuller criteria details please contact:  building.public.trust@uk.pwc.com

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Charities

We will review the latest publicly available trustees’ annual report and accounts, and associated year end reporting documents up to the reporting period ended 31 March 2017.

The focus of the award will be on charities which can clearly articulate what they do, why their activities are important, what their outcomes have been and what their plans are for the future. Wider considerations include how charities have explained their societal contribution and impact to their stakeholders in the context of the environment in which they operate, their viability and governance and key ‘hot topics’ facing the sector.

For the full criteria, please contact building.public.trust@uk.pwc.com

This award will be judged by our independent judging panel on 7 September 2017.

Please note: Registered Charities in the Charity Finance ‘Charity 100 Index’ published in April 2017 will automatically be reviewed.

There is no need to self-nominate.

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Innovation

The period reviewed will be 1 April 2016 to 31 March 2017, and we will review the annual report, sustainability report and supporting year end reporting documents such as preliminary results and accompanying investor presentations on the organisation's website. Our shortlist will be drawn from those companies that have performed well across the range of BPTA categories, showing an ability to build trust with their stakeholders and excellence in all areas of reporting.

The Innovation award celebrates those organisations who are leading the way in challenging current ways of thinking, working and doing business as well as recognising those who are creating positive, thriving societies and innovative ways of delivering new services for the future.  At its heart it is an award that recognises how societal contribution and impact can foster a culture of new thinking, collaboration between different entities and an understanding of how broader value can be created and shared within society.

For the full criteria, please contact building.public.trust@uk.pwc.com

This award will be judged by our independent judging panel on 7 September 2017

Please note: The FTSE 350, Charities, Private Business, Public Sector and Public Interest Entities will automatically be reviewed. 

There is no need to self-nominate.

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Awards criteria for Excellence in Reporting in:

Corporate governance

The period reviewed will be 1 April 2016 to 31 March 2017, and we will read the corporate governance report, other relevant parts of annual reports (including separate committee reports), and any linked website content.

Our award, like the others, sets a high bar and takes compliance as a given. As well as the core governance report we will look at committee reports and the relevant parts of risk reporting. A particular focus will be year two of reporting against the 2014 UK Corporate Governance Code, including the viability statement. In the light of the current debate on corporate governance reform we will also be looking for evidence of how directors, through their governance activities and reporting, are promoting the long-term success of companies and taking into account the views of a range of stakeholders across society.

For the full criteria, please contact building.public.trust@uk.pwc.com

This award will be judged by our independent judging panel on 5 September 2017

Please note: The FTSE 350 as at 31 March 2017 will automatically be reviewed.

There is no need to self-nominate.

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Executive remuneration

The period reviewed will be 1 April 2016 to 31 March 2017, and we will review the remuneration report and other parts of the annual report or linked website content as relevant.

With a focus this year on societal impact, the judges this year will be assessing the extent to which disclosed information enables stakeholders to make a balanced evaluation of how pay arrangements are delivered across the whole employee population and not just to directors. Our criteria will look for clear, concise and transparent disclosure throughout the remuneration report but in particular through the messages delivered in the Annual Statement and any “At A Glance” or similar summaries.

Our criteria will also look for a comprehensive description of how directors are incentivised to deliver business strategy, evidence that pay is aligned to company performance and robust justification for payment decisions made.

For the full criteria, please contact building.public.trust@uk.pwc.com

This award will be judged by our independent judging panel on 5 September 2017

Please note: The FTSE 350 as at 31 March 2017 will automatically be reviewed.

There is no need to self-nominate.

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People

The period reviewed will be 1 April 2016 to 31 March 2017, and we will review the annual report and supporting corporate reporting such as corporate responsibility reports.

When considering this award the judges will assess the extent to which publicly available information enables stakeholders to make a balanced evaluation of the strength of human capital management and employment practice.  Both the breadth and quality of reporting will be taken into account, and judges will review descriptions of the people strategy and how it relates to overall business performance.  Successful organisations will provide relevant and robust human capital data with targets and/or external benchmarks where appropriate. 

The criteria are based upon key social impact considerations and our ‘Corporate Reporting’ framework and can be split into the following four key areas:  market overview, human capital strategy, people processes and human capital impact.

For the full criteria, please contact building.public.trust@uk.pwc.com

This award will be judged by our independent judging panel on 5 September 2017

Please note: The FTSE 100 as at 31 March 2017 will automatically be reviewed. 

There is no need to self-nominate.

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Strategic

The period reviewed will be 1 April 2016 to 31 March 2017, and we will review the company’s strategic report and how the strategic themes are then woven through the remainder of their annual report, corporate website and results announcements.

This award recognises those companies that present a clear, concise and integrated strategic narrative through their corporate reporting. A narrative that reflects on strategic progress as well as plans for the future, balances shareholder and other key stakeholder needs, and takes an innovative approach to the way they communicate their key messages.

Particular focus this year will be around those companies that articulate a clear purpose and the societal impact they hope to have, provide a forward-looking orientation to their reporting, and a clear and compelling narrative of their strategic progress in the context of insightful reporting on their business model, market trends, risks and performance.

For the full criteria, please contact building.public.trust@uk.pwc.com

This award will be judged by our independent judging panel on 5 September 2017

Please note: The FTSE 350 as at 31 March 2017 will automatically be reviewed. 

There is no need to self-nominate.

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Sustainability

The period reviewed will be 1 June 2016 to 31 May 2017, and we will review corporate responsibility reports (or micro-sites), corporate responsibility websites and annual reports.

This award aims to assess the depth and relevance of sustainability reporting offered throughout the publicly available information provided to stakeholders. The particular focus of this award will be on those companies that demonstrate that they are delivering a clear societal contribution and impact. This will be assessed by focusing on organisations that clearly identify key parts of society they impact, how sustainability is factored into core business, how key risks and opportunities are identified, balanced performance monitoring with effective targets set, that governance is effective and focused on material issues and finally that there is evidence to support these features.

For the full criteria, please contact building.public.trust@uk.pwc.com

This award will be judged by our independent judging panel on 5 September 2017

Please note: The FTSE 350 and Public Interest Entities as at 31 May 2017 will automatically be reviewed. 

There is no need to self-nominate.

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Tax

The period reviewed will be 1 April 2016 to 31 March 2017, and we will review the annual report and supporting corporate reporting such as disclosures made on company's website, corporate responsibility reports and standalone tax reports.

The tax transparency landscape continues to change.  Over the last year, we have seen the introduction of the requirement for a public tax strategy, recommendations from the Financial Reporting Council (FRC) following their thematic review of tax reporting and further developments concerning disclosures of tax and other financial information to tax authorities on a country by country basis.

This award recognises those companies that present a summary of their tax affairs in a clear and innovative way, while responding to stakeholder interest and the developments above.  Our review will focus on disclosures around tax strategy, tax risk management and governance, tax performance and increasingly for this year the total tax contribution and its wider impact.

For the full criteria, please contact building.public.trust@uk.pwc.com

This award will be judged by our independent judging panel on 5 September 2017

Please note: The FTSE 350 as at 31 March 2017 will automatically be reviewed. 

There is no need to self-nominate.

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Alan McGill
Partner
Tel: +44 (0)20 7212 4348
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