Awards Methodology
Developed to provide a holistic analysis of listed companies on the Singapore Exchange
Eligibility
Qualification to the Billion Dollar Club and Centurion Club is strictly based on the market capitalisation (>S$1B & >S$100M respectively) of the companies as of 31 March 2026. These companies are measured by the following metrics:
3-Y Annualised Returns
3-Y Annualised Net Profit Growth
3-Y Weighted Return on Equity
Billion Dollar Club Awards (BDC)
Recognises excellence among companies listed on the Singapore Exchange (SGX) with a market capitalisation of at least S$1 billion.
This billion-dollar threshold serves as an aspirational benchmark for dynamic, fast-growing companies. Firms are automatically included in the annual list as of the cut-off date in March and are evaluated using a rigorous set of methodologies. Since 2019, the BDC has expanded its award criteria to include qualitative measures such as corporate responsibility and sustainability.
Centurion Club Awards (CC)
Introduced as a complement to the BDC, recognises SGX-listed companies with a market capitalisation between S$100 million and S$999 million, based on a similar assessment period.
Value Unlock Champions Awards
The Value Unlock Champions Awards recognise SGX-listed companies that have demonstrated outstanding initiatives in creating and unlocking shareholder value through capital allocation, corporate actions, business transformation, governance, and investor engagement.
While financial performance matters, the judges look beyond the numbers. They evaluate the quality of decisions, the strength of leadership and governance, and a company's commitment to sustainable, long-term value creation.
Assessment Components
Quantitative Assessment
Shareholder Value, Value Creation and Capital Discipline metrics (TSR, ROE, ROIC, profit growth, dividends, etc.)Qualitative Assessment:
Strategic focus, investor engagement, governance, transparency, leadership and value creation initiatives (EQDP assessment)Judges' Assessment
Overall effectiveness, sustainability, execution quality, business context and future value-unlocking potential
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ESG Best Practice Award
Recognises SGX-listed companies that demonstrate leading management of environmental, social and governance (ESG) risks, as measured by the LSEG ESG Scores.
The LSEG ESG Scores are fully rule-based, with no analyst opinion, and draw primarily on companies’ own public disclosures. Each company is assessed on how well its policies, systems and processes manage ESG risks across its operations and supply chain, with emphasis on the issues most material to its business.
Assessment Components
12 ESG Themes
Environmental: Climate Transition, Energy & Resource Use, Biodiversity, Water Use, Waste & Pollution. Social: Labour Relations, Health & Safety, Human Rights & Community. Governance: Board & Management, Shareholder Rights, Conduct & Anti-Corruption, Tax Transparency & Accounting. Each theme is scored 0–5 based on 193 indicators in total, covering both disclosure and actual performance.
Materiality Weighting
Themes are weighted by how relevant they are to each company’s business activities (Critical, Material, Relevant or Not Relevant), using 12 industry “materiality groups” aligned with GRI, SASB, ISSB and other global standards. Theme scores combine into E, S and G pillar scores and an overall ESG Score on a 0–5 scale.
Safeguards Against Greenwashing
A company cannot score above 3 on a theme unless it meets a key leadership practice, such as setting quantified reduction targets, having an independent chair, or reporting zero workplace fatalities for two consecutive years.