2022-23 Vision Awards Annual Report Competition
Detailed Analysis of the LACP Vision Awards and ARC Awards
LACP Vision Awards
Concept: A global competition hosted by the League of American Communications Professionals (LACP), a marketing research organization, that evaluates companies' ESG reports and communication materials. In other words, it assesses how effectively companies communicate ESG-related information to investors, customers, and other stakeholders.
Evaluation Criteria: It comprehensively evaluates various factors, including report design, content structure, message delivery, and creativity. It particularly focuses on how visually appealing the report is, how clearly the information is conveyed, and whether it engages the reader.
Recognition by Authorized Organizations: LACP is a recognized organization in the field of marketing research, and the LACP Vision Awards are recognized as a prestigious awards ceremony in which global companies participate.
Recognition as an International Organization: While LACP is not an international organization, it plays a crucial role in evaluating the ESG reports of global companies, and its results are internationally recognized.
Truth Verification: LACP is not an organization that verifies the truthfulness of the report's content itself. LACP primarily evaluates the format and content delivery method of the report. Companies themselves are responsible for the veracity of the report's content.
ARC Awards (Annual Report Competition Awards)
Concept: The world's largest annual report competition hosted by Mercom, a US-based corporate communications evaluation organization. Similar to the LACP Vision Awards, it evaluates the quality of companies' reports, particularly annual reports.
Evaluation Criteria: It comprehensively evaluates the report's design, content structure, accuracy of financial information, transparency, and originality.
Recognition by Authorized Organizations: Mercom is a specialized organization with a long history and experience in corporate communications, and the ARC Awards are recognized as a prestigious award in the field of corporate reporting.
Recognition as an International Organization: While Mercom is not an international organization, it plays a crucial role in evaluating the annual reports of global companies, and its results are internationally recognized.
Truth Verification: Similar to the LACP Vision Awards, the ARC Awards are not an organization that verifies the truthfulness of the report's content itself. It primarily evaluates the format and content delivery method of the report.
Conclusion
Both the LACP Vision Awards and the ARC Awards are prestigious awards that evaluate the quality of corporate reports. Kakao's receipt of these two awards signifies that Kakao's ESG report is of high quality and meets global standards.
These awards have the following significance:
International Recognition of Kakao's ESG Management Efforts: It demonstrates that Kakao is seriously committed to ESG management and that its results are internationally recognized.
Providing Trust to Investors and Stakeholders: A high-quality ESG report can enhance the trust of investors and stakeholders in Kakao and have a positive impact on attracting investment.
Establishing an Image as a Leading ESG Management Company: Through these awards, Kakao has been able to establish itself as a leading company in the field of ESG management.
However, these awards do not mean that all of Kakao's ESG activities are perfect. ESG is an area that requires continuous improvement, and Kakao will need to further strengthen its ESG management in the future.
In-depth Analysis of the LACP Vision Awards and ARC Awards
LACP Vision Awards
Concept: A global competition hosted by the League of American Communications Professionals (LACP), a marketing research organization, that evaluates companies' ESG reports and communication materials.
Evaluation Criteria: The awards are given to companies based on a comprehensive evaluation of various factors, including the report's design, content, and delivery and its creativity.
Recognition by Authorized Organizations: LACP is a recognized organization in the global marketing and communications field, and the LACP Vision Awards are recognized as a prestigious award for evaluating the quality of ESG reports.
Recognition as an International Organization: Although LACP is not an international organization, it serves as a prominent platform for evaluating the ESG reports of global companies, exerting international influence.
Truth Verification: LACP selects award-winning companies through rigorous evaluation criteria and expert review. Therefore, winning the LACP Vision Awards can be used as an objective indicator that the company's ESG report is of global quality.
ARC Awards (Annual Report Competition Awards)
Concept: The world's largest annual report competition hosted by Mercom, a US-based corporate communications evaluation organization.
Evaluation Criteria: It comprehensively evaluates the annual report's design, content, delivery, and the quality of information provided to investors.
Recognition by Authorized Organizations: Mercom is a specialized organization with a long history and experience in corporate communications, and the ARC Awards are recognized as a prestigious award for evaluating the excellence of annual reports.
Recognition as an International Organization: While Mercom is not an international organization, it serves as a prominent platform for evaluating the annual reports of global companies, exerting international influence.
Truth Verification: The ARC Awards also select award-winning companies through rigorous evaluation criteria and expert review. Therefore, winning the ARC Awards can be used as an objective indicator that the company's annual report is of global quality.
In conclusion, the LACP Vision Awards and the ARC Awards are both globally recognized and prestigious awards. Kakao's winning of these two awards signifies that Kakao's ESG report has received high marks in various aspects, including the thoroughness of its content and the excellence of its design. This is a significant indicator that Kakao is genuinely committed to and actively pursuing ESG management.
However, winning these awards does not guarantee perfection in all aspects.
Since ESG reports are voluntary disclosures by companies, continuous verification of the accuracy and transparency of the reported content is necessary.
Furthermore, ESG management is crucial not just for report publication but also for driving real change.
Won the Grand Prize, the highest award in the LACP Vision Awards… Selected as a Global Top 100 (60th) and a Top 20 company in Korea
Incheon International Airport Corporation Wins Grand Prize in the Corporate Social Responsibility Report Category of the US League of American Communications Professionals (LACP)
KB Securities' 'ESG Report' Wins Gold Award at the 'LACP Vision Awards' Hosted by the US League of American Communications Professionals
SKE&S's '2023 Sustainability Report' Wins Gold Award from US Evaluation Agency
Korea Airports Corporation Wins Grand Prize at US LACP Vision Awards for 3 Consecutive Years
Han전KDN Wins Grand Prize at Judging Hosted by the US League of American Communications Professionals
IS Dongseo Receives Gold Award at '2023 LACP Vision Awards' with a Score of 98 out of 100
Korea Trade Insurance Corporation Wins Grand Prize at US League of American Communications Professionals (LACP) Vision Awards
SK Securities' Sustainability Report Wins Gold Award at the 'US LACP Vision Awards'
-Choi Bong-hyeok, Columnist
(ESG, RE100, DX, AI Convergence Expert, In-house Disability Awareness Training Expert)
Director, Korea Purchasing & Supply Management Society
Director, Korea Press Information Technology Association
Publisher, Sports People Times
Publisher, Disability Awareness Newspaper
Vice Chairman, Culture & Arts Policy Committee, Korea Federation of Disabled Persons' Cultural & Arts Organizations
In-house Disability Awareness Training Instructor
• Choi Bong-hyeok's Power Blog Creation Project Series 2020 ~ 2023
• Choi Bong-hyeok's Virtual Currency Insight Project Series 2021 ~ 2023
-Books
• Whispers of Americano in the Morning Mist - Coffee Essay
• Disability Awareness Columns - ESG Management - Disability Inclusion Policy
• 2024 Bitcoin Forecast and Fact Check
• 2024 Second Half Bitcoin Forecast
• AI Prophecy - 2024 Best 13 AI Trend Forecasts
• Essay on the Special Exhibition of Artists with Developmental Disabilities in Gyeongnam
• ESG Management Columns
• The Hidden Hero of US-Korea Civil Diplomacy: Dong-woo Park, Obama Administration's Disability Policy Deputy Assistant Secretary
• The Cube of Flexibility - Im Jung-eun, Author, Choi Bong-hyeok, Essay
• ESG, RE100 Management Columns
• Breaking Through the Darkness to Usher in the Dawn (Planned Publication)