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Redefining Value

Redefining Value. 1. COMPLEX. PUZZLE. Complicated World. Ecological Footprint = 1,5. ACTION2020. Scaling up requires 3 key elements. Improve Business Case. Today. TO REACH SOCIETAL MUST-HAVES. PRIORITY AREAS. Business Solutions. Collaboration. IMPROVE. THE BUSINESS CASE.

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Redefining Value

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  1. Redefining Value 1

  2. COMPLEX PUZZLE

  3. ComplicatedWorld

  4. EcologicalFootprint = 1,5

  5. ACTION2020 Scaling uprequires 3 key elements Improve Business Case Today TO REACH SOCIETAL MUST-HAVES PRIORITY AREAS Business Solutions Collaboration

  6. IMPROVE THE BUSINESS CASE

  7. True cost, True value management Traditional management Social Capital Natural Capital Long-term vision Financial Capital Business Management

  8. ACTION2020 Transformation Needed TO REACH SOCIETAL MUST-HAVES PRIORITY AREAS Business Solutions Collaboration Today Improve Business Case

  9. Cost of Risk

  10. RadicalTransparency

  11. Changingthe rulesof the game

  12. Capital MarketValuations

  13. WBCSD Redefining Value Accelerate progress to a world where more sustainable companies are recognized and rewarded, and therefore are more successful. • Integrate natural and social capital measurement and valuation into corporate performance management. • Improve the effectiveness of non-financial internal and external reporting. • Measurement, valuation and reporting reflect the true value of a company and discloses true profit and true cost.

  14. TRENDS in CORPORATE REPORTING

  15. Reporting is a dynamic process And not a goal in itself, but an instrument to: • improve the effectiveness of corporate investments in sustainability • trigger internal changes towards integrated decision-making Key role to play in accelerating transition towards true value

  16. Low MVR MVR Impact Disclosure Measurement Lower Low Impact Changing the Impact Rules of the Game Ratings & Valuation Investment Techniques Lower Impact A complex landscape requiring business leadership! Disclosure Measurement Rating & Investment Valuation

  17. A process founded on integrated thinking that results in a periodic integrated report by an organization about value creation over time and related communications regarding aspects of value creation.

  18. IIRC uptake: dependencies on capitals Votorantim Group

  19. And more … • SASB established in the US in 2013 aims to develop sustainability accounting standards to support publicly-listed corporations disclose material factors in compliance with the US SEC requirements • GRIG4 guidelines issued in 2013 with a strengthened focus on materiality (stakeholder approach) • CDSBis expanding its Climate Change Reporting Framework to include information about environmental matters in mainstream corporate reports to be launched in 2015 • EUpassed legislation to require member businesses (>500 employees and/or public interest) to disclose sustainability performance last April

  20. INTEGRATED VALUATION TRUEVALUE INTEGRATED REPORTING Meaningful transparency FinancialAccounts Non-Financial Reporting Non-Financial Principles - GASP - Comparability & Materiality Accounting Principles - GAAP - HOW-WHAT SP&L and other methodologies EP&L and other methodologies Management Accounts Better informed decisions Natural Capital Protocol Social Capital Protocol FINANCIAL CAPITAL NATURAL CAPITAL SOCIAL CAPITAL

  21. What about corporate practice? • Less than 12% of reports reviewed reflect those sustainability issues considered to be material to the business. • 80% of WBCSD members produce a stand-alone sustainability report with the rest developing self-declared integrated reports • 75% use the GRI Guidelines with an upward trend to combine the use of several frameworks • 60% of total reports reviewed have some form of assurance on their sustainability disclosures with limited level as the dominant form • When known, the average time period between year-end and the publication date is approximately six months reflecting a disconnect between sustainability and financial reporting cycles

  22. Internal decision-making → External disclosureManagement tools →Reporting frameworks

  23. WBCSD is not new to this space… Social Profit & Loss Account Feasibility Study

  24. Natural and Social Capital Protocol Components Top-down Elements Protocol Frameworks Purpose > Principles > Scope & boundaries > Overview of Components Metrics Practical Methodologies & Guidelines Approaches to measurement & valuation, e.g. S P&L; E P&L; others Key Performance Indicators > Units of Measurement, incl. from SASB; GRI Bottom-up Elements Measurement & Valuation of Action 2020 Priority Areas Minimum standards > best practice > methodologies > KPIs Sector Initiatives standardized metrics / methodologies by sector Chemicals Climate & Energy Water Ecosystems & Land Use Forests Mobility Cement Sustain-able Lifestyles Human Rights Skills & Employment Inclusive Business Rural Livelihoods

  25. Overall coordination • Multi-stakeholder consultation process • Generic Natural Capital Protocol • Sector guides for Food & Beverage + Apparel • Pilot testing

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