Ericsson has been awarded a prestigious prize for Best Sustainability Report in Sweden by the national organization FAR, which represents about 6,000 accounting professionals.

FAR is the professional institute for authorized public accountants, approved public accountants and other highly qualified professionals in the accountancy sector in Sweden.

The 2014 Sustainability and Corporate Responsibility Report – Ericsson’s 22nd such report – summarizes the company’s performance for the year in three areas: Responsible Business; Energy, Environment and Climate; and Communication for All. Now in its 13th year, the winner of FAR’s Best Sustainability Report was announced at an event in Stockholm on June 3.

The jury announced Ericsson as the winner, noting that: “The sustainability report is seen as a well-worked, readable and complete report with a good balance between text, graphics and data. It is a relatively concise yet comprehensive report, which also deals with current and difficult sustainability issues such as freedom of expression and right to privacy.

“The basis for this is a thorough material analysis, which is also presented in a clear and transparent way.”

The jury, representing the leading accounting firms, also noted that Ericsson is the first ICT company to report according to the new UN Guiding Principles on Business and Human Rights Reporting Framework.

Elaine Weidman-Grunewald, Vice President, Sustainability and Corporate Responsibility, Ericsson, says: “We are honored to receive this recognition of our sustainability and corporate responsibility performance by FAR. We strive to communicate a balanced and transparent view of our achievements and challenges in this area.

"As the world moves toward an increasingly Networked Society, we will continue to do everything we can to ensure that the journey is undertaken in a responsible and sustainable manner, and to share our experiences along the way."