Anglo American wins FTSE 100 Tax and People reporting awards
26 November, 2009
Anglo American's excellence in tax and people reporting has been recognised with prestigious awards at the PricewaterhouseCoopers Building Public Trust Awards.
Anglo American won the FTSE 100 Tax Reporting Award, recognising the Group’s transparent disclosure of tax strategy, tax performance and the wider impact of tax. This award recognises companies that have effectively addressed government and stakeholder expectations in their tax policies and public information, at a time when companies’ tax strategies and disclosures are coming under increasing scrutiny from stakeholders, revenue authorities and wider public interest groups.
The PricewaterhouseCoopers Building Public Trust Awards also saw Anglo American win the FTSE 100 award for People Reporting, recognising the Group’s strength of human capital management and employment practice.
Furthermore, Sir John Parker, Anglo American Chairman, received the Lifetime Achievement Award, recognising his outstanding contribution throughout his career to building trust and confidence in the corporate sector.
In making the Tax Reporting Award, the judges said they liked "the open and transparent discussion of tax, including tax strategy, tax payments and relationships with tax authorities; and also the clear links made by Anglo American between tax and their corporate responsibility commitments, and to their wider economic contribution."
René Médori, Finance Director of Anglo American, said: "We are delighted to have won these awards, which recognise both Anglo American’s commitment to the principle of transparency and our ability to deliver that information to stakeholders.”
Susan Symons, Tax Partner at PricewaterhouseCoopers, said that together with other companies on the shortlist, Anglo's tax reporting has "a strong focus on the wider impacts of tax. In doing so, we believe they are setting a lead for others to follow."