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INTERNATIONAL INTEGRATED REPORTING COUNCIL IIRC

INTERNATIONAL INTEGRATED REPORTING COUNCIL IIRC. Great challenges for the 21st Century. "The over whelming predominance of short termism in markets Compounded by a system ill-suited to integrate and account for externalities simply removes many of the broader systemic risks from the

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INTERNATIONAL INTEGRATED REPORTING COUNCIL IIRC

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  1. INTERNATIONAL INTEGRATED REPORTING COUNCIL IIRC

  2. Great challenges for the 21st Century

  3. "The over whelming predominance of short termism in markets Compounded by a system ill-suited to integrate and account for externalities simply removes many of the broader systemic risks from the financing and investment equation". Andrew Haldane Deputy Governor of the Bank of England

  4. TOP ASSET OWNERS HAVE POWER TOP 10 FUND MANAGERS ACCOUNT FOR 1/3 OF THIS TOP 50 FUND MANAGERS ACCOUNT FOR 2/3 OF THIS TOP 500 FUND MANAGERS HAVE OVER $42 TRILLION IN ASSETS UNDER MANAGEMENT Source: HBS – Robert G. Eccles and George Serafeim, Sep 11, 2012

  5. Top 1,000 companies power $32 trillion $28 trillion $2.38 trillion (then $900 billion) $6.99 trillion (then$2.64 trillion) 67 million 49% 33% 21 million The 172nd largest corporation, the Russian oil company Rosneft Oil, had revenue equivelent to the GDP of the 74th largest country, Uruguay Source: HBS – Robert G. Eccles and George Serafeim, Sep 11, 2012

  6. “Nothing else in the world... is so powerful as an idea whose time has come”. The way in which <IR> is capturing the imagination of the world suggests that its time has come. Professor MervynKing often borrows words from Victor Hugo noting:

  7. “in the last 2 years mankind produced the equivalent amount of data as in the time mankind has existed” BIG DATA – Peter Graf, SAP

  8. Source: Investis Research

  9. COMPONENTS OF S&P 500 MARKET VALUE

  10. Reporting content Businessvalue STRATEGIC ISSUES STRATEGIC GROWTH FORECASTS / PLANS DEVELOPMENT PLANS PAST PERFORMANCE BUSINESS AS USUAL Source: KPMG

  11. Albert Einstein “we cannot solve our problems with the same thinking we used to create them”

  12. What’s Integrated Reporting?

  13. <IR> explained CONCERNS Strategy? Historical focus Financial focus Volume and complexity Financial reporting

  14. <IR> explained CONCERNS Limited uptake Weak investor link Historical focus Volume & complex Financial reporting Non-financial reporting

  15. <IR> explained Financial Non-financial strategy governance performance prospects

  16. <IR> explained concise communication of value (investor audience) strategy governance performance prospects Financial reporting Non-financial reporting

  17. The Framework will help policy-makers by…. Help investors by making all the information they could need about an organization available Promoting financial stability Help businesses by enhancing their ability to create and preserve value over the short, medium and long term

  18. Why should companies care about integrated reporting? COMMUNICATING VS. COMPLYING REPORTING THE INTANGIBLES BREAKING DOWN SILOS INCREASING TRANSPARENCY

  19. “Ours is a compelling story and the principles of integrated reporting have enabled us to give a holistic view of the Pick n Pay Group, focusing not merely on current financial performance, but on telling the story of who we are, what we do, and where we are going” Published 9th October 2012 in the corporate legal quarterly called "The Corporate Report", published by Juta in S.A.

  20. THE CAPITALS Source: Incite ‘Sustainability 2.0: A Guide to Competing in a Changing World’

  21. INTEGRATED THINKING : CREATING VALUE

  22. THE FRAMEWORK – CORE FEATURES CONTENT ELEMENTS FUNDAMENTAL CONCEPTS GUIDING PRINCIPLES • ORGANIZATIONAL OVERVIEW AND BUSINESS MODEL • OPERATING CONTEXT, INCLUDING RISKS AND OPPORTUNITIES • STRATEGIC OBJECTIVES AND STRATEGIES • GOVERNANCE • PERFORMANCE • FUTURE OUTLOOK • THE CAPITALS • THE BUSINESS MODEL • CREATING AND PRESERVING VALUE • STRATEGIC FOCUS AND FUTURE ORIENTATION • CONNECTIVITY OF INFORMATION • RESPONSIVENESS AND STAKEHOLDER INCLUSIVENESS • MATERIALITY AND CONCISENESS • RELIABILITY • COMPARABILITY AND CONSISTENCY

  23. The IIRC Pilot Programme Yearbook Examples Database IIRC Draft Prototype Framework

  24. THE IIRC CRITICAL PATH

  25. THE IIRC PILOT PROGRAMME

  26. paul.druckman@theiirc.org www.theiirc.org 30

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