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Award Criteria
Deignan’s 5 core values (plus enhancing value: 5+1 values) and their dimensions and possible evidences

Dimension
Evidence
Dimension
1.1. Work with dignity: Humane job design that provides job satisfaction and work-life balance to employees (full-time and part-time staff).
Evidence
  1. Staff satisfaction survey results.
  2. Measures implemented to improve satisfaction results.
  3. Staff turnover rate.
  4. Overtime work rates and compensation.
  5. Cooperation/agreements with labor/staff unions, if any.
Dimension
1.2. Decent compensation: Employees are paid based on the job content with compensation which allows them to have a reasonable standard of living.
Evidence
  1. Remuneration, fringe benefits and motivation system.
  2. Comparison with industry standard or average.
Dimension
1.3. Nurturing human talents: Matching employee talents with job descriptions, fair appraisal system providing upward mobility, up-to-date training and further education.
Evidence
  1. Human resource needs and plans.
  2. Appraisal system (e.g., 360-degree appraisal).
  3. Training and development schemes and actual training hours
Dimension
1.4. Upstream check: Ensuring up stream suppliers also value human dignity (zero child labor, fair pay, etc.).
Evidence
  1. Reports of due diligence.
  2. Media reports.
  3. Cases (provided by the contestant).
  4. Membership in international and national conventions.
Dimension
1.5. Job safety: Provision of appropriate tools and apparatuses, installation of work safety systems, training.
Evidence
  1. Occupational health and safety scheme.
  2. Accident rates and compensation amounts.
  3. Media reports.
  4. Membership in international and national conventions.
Dimension
1.6. Employee bonding: Activities that bring employees a sense of unity and sense of belonging
Evidence
  1. Staff activity support (e.g., sports, arts, special interests, etc.)

Dimension
Evidence
Dimension
2.1. Fair competition: Proper and ethical use of product/service quality, prices, advertisements to gain competitive advantages.
Evidence
  1. Product/service quality certifications
  2. Product guarantees and service pledges
  3. Pricing strategy review report
  4. Sample advertisement and explanation of its central message
Dimension
2.2. Fair opportunities for all: Commitment to equality in terms of gender, race, age, sexual preference, religion and political belief.
Evidence
  1. General report on staff traits distribution (within privacy requirements)
  2. Employment of the disabled and their compensation
  3. Media reports

Dimension
Evidence
Dimension
3.1. Environmental responsibility: Consumption of minimum scarce resources and minimize environmental impact. Demonstration of upstream (with suppliers) and downstream (with employees and customers) effective efforts in environmental protection.
Evidence
  1. Investments (percentage in relation to turnover/profit) in environmental-friendly facilities
  2. Campaigns and related activities
  3. Lists of environmental-compliant suppliers
  4. Media reports
Dimension
3.2. Sustainable environmental actions: Demonstration of long-term effort or investments in the above environmental initiatives.
Evidence
  1. Evidence of long-term environmental awareness (e.g., education and training) and investments
  2. Membership in international or national conventions

Dimension
Evidence
Dimension
4.1. Socially responsible investments: Investments in funds or shares which promote environmental, ethical and morally acceptable businesses.
Evidence
  1. Sample investment portfolios
  2. Evidences of switching away from ethically undesirable investments
Dimension
4.2. Legal compliance: Legal business registrations in all geographical areas of operations, legal conformance with local laws of labor, taxation and other governmental requirements.
Evidence
  1. Business registration certificates
  2. History of non-compliance with labor, taxation and governmental issues, if any
  3. Cases of successfully resolving any of the above disputes through legal and ethical methods
  4. Media reports
Dimension
4.3. Transparent communication: Faithful reflection of business practices to stakeholders, timely release of significant information which may affect any stakeholders.
Evidence
  1. Audited financial statements
  2. Verified CSR, sustainability, ESG reports
  3. An effective press release system
  4. Media reports
Dimension
4.4. Corporate governance: Board of directors with relevant experiences and knowledge. Existence of independent directors according to minimum requirement.
Evidence
  1. List of board of directors and their background information
  2. Media reports

Dimension
Evidence
Dimension
5.1. Philanthropy: Charitable donations, collaborations with charitable organizations (local and foreign), and activities promoting familial and societal harmony. Demonstration of philanthropy with a global perspective.
Evidence
  1. Donations (percentage in relation to turnover or profit)
  2. Non-monetary donations or contribution to philanthropy of any form.
  3. Cases (provided by the contestant)
  4. Partnership with charities
  5. Media reports

Dimension
Evidence
Dimension
6.1. Social innovativeness: Developing, producing and providing products or services that are innovative and serve the needs of human being. Innovations that are accessible by human beings.
Evidence
  1. Sample demonstration
  2. Catalogs
  3. Customer reviews
Dimension
6.2. Crisis management: Timely and responsive actions during times of crisis and their aftermaths so as to reduce adverse effects on all stakeholders.
Evidence
  1. Cases (provided by the contestant)
  2. Media reports
  3. Self-evaluation reports
Assessment Method and Key Issues

1. The allocation of weights to the 5 core values and the additional enhancement is suggested below. The rationale is due to the fact that the 5 five core Deignan’s values should be given higher weights, while the enhancing value is added to reflect up-to-date practices of business excellence.

2. The weight for each core value and each sub-dimension within is only approximate. Care must be exercised when evaluating the scale and type of the contestant company.

3. The main assessment concept is that the more information submitted, the higher will be the assessment score. Nevertheless, the quantity and the quality of the information supplied must be considered in a balanced way.

4. It is crucial that a company vision and mission statement must be submitted and the core values and sub-dimensions be compared against the written statement. The emphasis is on what the contestant company has achieved in terms of the visions and missions but not on what it intends to achieve.

5. As such, the evidences suggested in the assessment table may be used as references. Again, the scale and type of the contestant company may point to whether such assessment evidences are relevant, and therefore their weights and scores. The panel of judges should exercise discretion in a fair manner.

6. As can be seen from the assessment table, some assessment evidences are quantitative (e.g., scores and quantitative reports) while some are qualitative in nature (e.g., case descriptions, interviews and site visits). A comprehensive and multi-dimensional scope for the evaluation must be considered.

7. It is suggested that the contestant company should submit evidences of the core values and their sub-dimensions of the latest two years.

ALLOCATION OF WEIGHTS TO THE 5 CORE VALUES
CORE VALUES
WEIGHTS
Sub-dimensions and weights
CORE VALUES
Core value 1 Respecting Human Dignity
WEIGHTS
18%
Sub-dimensions and weights
  • 1.1. Work with dignity | 4%
  • 1.2. Decent compensation | 4%
  • 1.3. Nurturing human talent | 4%
  • 1.4. Upstream check | 1%
  • 1.5. Job safety | 4%
  • 1.6. Employee bonding | 1%
CORE VALUES
Core value 2 Respecting Fairness
WEIGHTS
18%
Sub-dimensions and weights
  • 2.1. Fair competition | 9%
  • 2.2. Fair opportunities for all | 9%
CORE VALUES
Core value 3 Respecting the Environment
WEIGHTS
18%
Sub-dimensions and weights
  • 3.1. Environmental responsibilities | 9%
  • 3.2. Sustainable environmental actions | 9%
CORE VALUES
Core value 4 Respecting Business Ethics
WEIGHTS
18%
Sub-dimensions and weights
  • 4.1. Socially responsible investments | 2%
  • 4.2. Legal compliance | 4%
  • 4.3. Transparent communication | 6%
  • 4.4. Corporate governance | 6%
CORE VALUES
Core value 5 Respecting the Disadvantaged
WEIGHTS
18%
Sub-dimensions and weights
  • 5.1. Philanthropy | 18%
CORE VALUES
Enhancing value (6) Entrepreneurial Spirit
WEIGHTS
10%
Sub-dimensions and weights
  • 6.1. Social innovativeness | 5%
  • 6.2. Crisis management | 5%
Key dates for your Calendar
LAUNCHING CEREMONY

20 MAY

2024

APPLICATION START

20 MAY

2024

DEADLINE FOR APPLICATION

20 SEP

2024

AWARD CEREMONY

15 MAR

2025

Co-Organizer
Supporting Organization
Media Partners