1 Joining The Dots– an introduction to and trends in integrated reporting . Chair: Rebecca Gunn, M anager,Sustainability Reporting,BHP Billiton,M em ber GRI StakeholderCouncil Hw ang Soo Chiat , Associate Professor, School ofAccountancy, Singapore M anagem entUniversity Terence Jeyaretnam , Director,NetBalance Nick Ridehalgh , Partner, KPM G;ContentTaskforce M em ber, IIRC Victoria W hitaker , Netw ork M anager, Focal PointAustralia, Global Reporting Initiative
@GRIAusConf_Joining The Dots – an introduction to and trends in integrated reporting - Terence Jeyaretnam
Jun 11, 2015
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Joining The Dots –an introduction to and trends in integrated reporting.Chair: Rebecca Gunn, Manager, Sustainability Reporting, BHP Billiton, Member GRI Stakeholder Council
Hwang Soo Chiat, Associate Professor, School of Accountancy, Singapore Management University Terence Jeyaretnam, Director, Net BalanceNick Ridehalgh, Partner, KPMG; Content Taskforce Member, IIRC Victoria Whitaker, Network Manager, Focal Point Australia, Global Reporting Initiative
Integrated Reporting
Like Great Sex?
Integrated Reporting – The best sex yet?
Integrated Reporting is a bit like great sexEverybody likes the idea and would love to have it
But not many really do..That said, those who are trying it are having a bit
of fun!And sometimes, it’s ending up in a bit of a mess!!
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Net Balance Foundation research
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Integrated Reporting in the ASX50
| The impacts of environmental, social and governance (ESG) issues on an organisation’s bottom line are intuitively understood, e.g: the negative impacts of the Deepwater oil spill on BP’s bottom line
the positive impacts of General Electric’s environmental strategy – ecomagination
| It would therefore appear logical that an organisation’s material non-financial risks and opportunities are fully integrated into business strategy and performance reporting
| However, companies that do so effectively are currently the exception rather than the norm
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The integrated reporting practices of the ASX50
| The review evaluated the extent to which ASX50 companies have integrated the management and reporting of their financial and non-financial risks and opportunities – looked more for ‘integrated thinking’
| It examined six key aspects that companies need to evolve when embarking upon integrated reporting: purpose, values and strategy management approach risk management measuring and managing performance stakeholder engagement reporting format
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Level of Integration amongst the ASX 50
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1 2 3 4 5 6 7 8 9 1011121314151617181920212223242526272829303132333435363738394041424344454647484950510%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Results overview
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Strategy
Management
Risk m
anagement
Perform
anace
Stakeholder engagment
Reporting
0%
20%
40%
60%
80%
100%
Top 10 Performing Companies – Overall Integration
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Amcor GPT Santos Transurban Westpac Oil Search AGL Rio Tinto IAG Orica 0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
Concluding Comments
| Integrated reporting has to work for you and your stakeholders
| Experimentation over the next few years will give some guidance on what works and what doesn’t work
| Show commitment to sustainability and reporting will become integrated over time
| If successfully implemented, integrated reporting will be a vehicle that drives the integration of sustainability into corporate strategy and day to day decision-making
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Thank You
0448 588 041
Download report at: www.netbalance.com
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