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Irrawaddy Green Towers Receives the First ‘Mini Pwint Thit Sa’ Benchmark Score
Irrawaddy Green Towers (IGT) became the first company to volunteer to be benchmarked under MCRB’s ‘Mini Pwint Thit Sa’ initiative.
This process is for medium-sized companies who wish to have their transparency and website disclosure rated according to the same 35 criteria as for the annual Pwint Thit Sa survey.
The company scored a total of 3.27, which put it as 14th amongst the largest 100 Myanmar companies included in the main report. IGT scored 1.41/3.33 for their disclosure concerning their anti-corruption programme and 0.56/3.33 on organizational transparency. 1.3/33 on human rights, health, safety and the environment.
Vicky Bowman, Director, MCRB said “We welcome Irrawaddy Green’s commitment to have its website disclosure and transparency benchmarked against the 35 Pwint Thit Sa questions. I hope that other Myanmar companies will volunteer to be included. This demonstrates their commitment to transparency and good corporate governance,”
Mr. Ayad Chammas CEO, IGT said, “At IGT, we value accountability, fairness and transparency in how we operate and in our relationship with all stakeholders. And over the last 3 years, we have built the governance framework required and introduced policies and procedures to reflect this in our day-to-day operations. I would like to take this opportunity to thank all the employees who have played a crucial role in raising awareness about and in implementation of such a framework.
The efforts being made by MCRB to promote transparency through comprehensive and proactive disclosures are commendable and we are happy to be a part of this initiative.”
Background
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Pwint Thit Sa /Transparency in Myanmar Enterprise (TiME) compares the websites of 100 of the largest Myanmar companies and scores them on what they say on their corporate governance and business practices, particularly concerning anti-corruption, organizational transparency, and human rights, health, safety and the environment (HSE). However, it only scores what information companies publish, and is not an assessment of their actual performance. The aim of the report is to encourage increased transparency by Myanmar businesses.
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‘Mini’ Pwint Thit Sa is a new addition to the Pwint Thit Sa/Transparency in Myanmar Enterprises (TiME) project from Myanmar Centre for Responsible Business (MCRB), targeted at large medium-sized enterprises who are not included in the main report, but who want to volunteer to be benchmarked.
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Irrawaddy Green Towers (IGT) is the largest independent tower company in Myanmar. The company has a keen focus on establishing a nation-wide portfolio of telecom towers that can be shared by multiple operators to optimise infrastructure costs. Incorporated in 2014 , IGT has become the single largest operator of telecom towers and currently rolling out telecom towers for all the major operators including Telenor, Ooredoo and MPT.
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Myanmar Centre for Responsible Business (MCRB) is a Yangon-based initiative funded by the UK, Denmark, Norway, Switzerland, the Netherlands and Ireland, based on a collaboration between the UK-based Institute for Human Rights and Business, and the Danish Institute for Human Rights. The Centre was established in 2013 to provide an effective and legitimate platform for the creation of knowledge, capacity and dialogue concerning responsible business in Myanmar, based on local needs and international standards, which results in more responsible business practices. It is a neutral platform working with business, civil society and government. (www.mcrb.org.mm)
Read also
- 2022 Pwint Thit Sa / Transparency in Myanmar Enterprises
- uab Tops the 2020 Pwint Thit Sa / Transparency In Myanmar Enterprises Ranking
- 2020 Pwint Thit Sa / Transparency in Myanmar Enterprises
- Corporate Disclosure in Myanmar – Regulatory Requirements and Sustainability Leadership
- Disclosure of Company Information Leads to Better Business Reporting and a Better Investment Climate
