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.

Crystal Prize

The Crystal Prize is an annual prize. In the odd years, with the Transparency Benchmark, the Panel of Experts assesses the Top 20 of the regular benchmark surveys, with special focus on the jury theme related performances. The Panel then nominates a Top 3 for the Crystal Jury. The Crystal Jury selects the winner of the Crystal Prize from the Top 3 using the jury theme as a guideline.

In the odd years there are also prizes for most innovative report, fastest climber and best group report.

In short, the process will take place as follows:

  • Selection Top 20, based on the Transparency Benchmark survey
  • Panel of Experts assesses Top 20, focusing on the quality-oriented criteria + jury theme
  • The Panel nominates the Top 3
  • The Crystal Jury chooses the winner of the Crystal Prize from the Top 3, using the jury theme as a guideline

In even years, without a Transparency Benchmark, the Crystal Prize is a jury prize. There is a selection of the most transparent examples on a specific theme. The aim is to encourage organizations to pay more attention to certain topics and to improve reporting on them. Other companies can learn from and be inspired by these best practices.

In short, the process will take place as follows:

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 theme 2021: Climate

The assessment of the 2021 theme is based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and focuses on the pillars of governance, strategy, risk management and climate risk objectives and indicators. For the Top 20, in addition to the regular score from the Transparency Benchmark, the extent to which the organisations follow these recommendations is also evaluated. The Panel of Experts and the Crystal Jury can use these considerations during the assessment process and selection of the winner of the Crystal Prize 2021.

The Crystal Prize is a joint initiative by the Ministry of Economic Affairs and Climate Policy and the Netherlands Institute of Chartered Accountants (NBA).