@GRIAusConf_Joining The Dots – an introduction to and trends in integrated reporting - Victoria Whitaker

Melbourne, 28 March 2012

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& GRI

Victoria Whitaker

Melbourne, 28 March 2012

Melbourne, 28 March 2012

Outline of the presentation

• GRI’s relationship with the IIRC• Integrated GRI reports – what’s happening• Australia’s response to the IIRC Discussion Paper & G4

Melbourne, 28 March 2012

GRI & the IIRC

Melbourne, 28 March 2012

IIRC’s proposition

Integrated Reporting

Framework

Melbourne, 28 March 2012

Institutional involvement at all levels

Council

International

Working Group

Content Taskforce

GovernanceSub-

Committee

IIRC Secretariat

Melbourne, 28 March 2012

Developments so far & future plans

JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG

JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG

2013

20132012

2012

2011

2011

GRI G4 and guidance

document on IR

IIRC discussion paper & public comment

IIRC Pilot Programme Pilot Cycle 1 >>

Summary of IIRC discussion paper feedback

IIRC Integrated Reporting Framework consultation paper(s)

IIRC Pilot Programme Pilot Cycle 2 >>

IIRC's International Integrated Reporting Framework

Australian GRI Conference

IIRC Pilot Programme conference

G4 - gather input from networks

G4 - invite input on priorities

IIRC <IR> Framework consultation

paper(s)

G4 - invite input on draft

G4 - form working groups & prep content G4 - integrate public input into content

G4 - integrate G. bodies input into content

G4 – submit to governance bodies for approval

Melbourne, 28 March 2012

IR in numbers

Reports are registered as integrated reports if the reporter has marked them as such in the report registration form

2009 2010 20110

50

100

150

200

250

300

350

189

270

326

Integrated reports based on GRI's Guidelines

13 in Au

18 in Au

14 in Au

213 responses – 16 from Australia• Auditing and Assurance Standards Board• Australian Accounting Standards Board• Australian Council of Superannuation Investors• Australian Institute of Company Directors• Banarra• Chartered Secretaries Australia Ltd• CPA Australia• Financial Reporting Council (FRC)• Group of 100 Inc• Heads of Treasuries Accounting and Reporting

Advisory Committee (HoTARAC)• Institute of Chartered Accountants in Australia • National Australia Bank• Net Balance Management Group• Wesfarmers• Synengco• Work Safe Australia

GRI or its Guidelines mentioned in some of the responses

Main issues that came through from the responses

Investor focus Business model and value

creation Concepts underlying the

definition Future direction

IIRC discussion paper responses

2000 submissions100 from Australia

Practitioners Network – 50+ participants

• Disclosure on Management Approach Working Group – Paul Davies – Banarra

• Governance and Remuneration Working Group – Hugh Grant, Netbalance

• Boundary Working Group – Andrew Cole, Lendlease

• Application Level Working Group - Amanda Nuttall, Netbalance Foundation

• G4 Editing Taskforce – John Purcell, CPA Australia, Kirsten Simpson, NB

GRI G4 Responses

Thank you

Victoria WhitakerManager, Focal Point Australia

[email protected]