About the Crystal Prize
The Ministry of Economic Affairs and Climate Policy awards the Crystal Prize in conjunction with the Netherlands Institute of Chartered Accountants (NBA). This prize is awarded to the company that has the best CSR reporting in view of the Transparency Benchmark.
The Crystal Prize aims to be the main prize and incentive for CSR reporting and for increasing the professionalism of the quality as well as the transparency of CSR reporting within the Netherlands.
The Crystal Prize is an annual prize. In the odd years, the Transparency Benchmark forms the basis for the Cristal Prize. A panel of experts assesses the Top 20 and the Crystal jury selects the winner from the Top 3. The Crystal Prize is awarded to the company that has the best CSR reporting in view of the Transparency Benchmark. The most innovative report and the most improved organisation will also receive a prize.
In the even years without the Transparency Benchmark, the most transparent examples of a certain theme will be selected (see below). The Cristal Prize goes to the organizations with the most inspiring example of reporting on that specific theme. The objective is to boost the engagement and the reporting by organisations regarding certain themes, since their good example could be instructive to other companies.
In brief, the following procedure is used:
- substantiated nomination by companies, accountants, NGOs and other experts;
- assessment on the basis of the Participant Protocol;
- selection by the panel of experts;
- choice of a winner by the Crystal jury.
2021 Crystal Prize theme
"Transparency about the impact of climate factors in connection to other global challenges". That is the jury theme for the Crystal Prize 2021. Relevant questions in this context are: Do organisations pay specific attention to the short-term and long-term risks and opportunities - including the financial ones - as a result of climate change in an (inter)national context? And to what extent are organizations transparent about this?
The aim of a jury theme for the Crystal Prize is to stimulate organizations to do more with certain themes and to be transparent about it. To reach as many companies as possible, these are ideally themes which organizations are familiar with and/or which organizations are already reasonably positive about. It is about determining prize winners; therefore there must be good examples, but at the same time the theme must offer a challenge in implementation and reporting.
Other Global Challenges
In 2020 COVID-19 has led to insight into a new dependence. A pandemic knows no borders and in that respect has an analogy with climate. Risks from a pandemic seem to have been neglected for a long time, but became fully visible in 2020. These risks also offer opportunities. The current conditions as a result of the pandemic have consequences for strategy, policy and performance of organizations in terms of change, delay, acceleration, to a greater or lesser extent. What does this mean for the climate policy and performance of organizations? Performance may need to be interpreted differently; objectives possibly reassessed.
Assessment criteria Crystal Prize theme
The theme is assessed on the basis of the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) on the pillars of governance, strategy, risk management and objectives and indicators in the field of climate risks.
The Crystal Prize is a joint initiative by the Ministry of Economic Affairs and Climate Policy and the Netherlands Institute of Chartered Accountants (NBA).