INTERNATIONAL INTEGRATED REPORTING COUNCIL
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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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International integrated reporting council iirc

INTERNATIONAL INTEGRATED REPORTING COUNCIL

IIRC


Great challenges for the 21st century

Great challenges for the 21st Century


International integrated reporting council iirc

"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


International integrated reporting council iirc

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


International integrated reporting council iirc

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


International integrated reporting council iirc

“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:


International integrated reporting council iirc

“in the last 2 years mankind produced the equivalent amount of data as in the time mankind has existed”

BIG DATA – Peter Graf, SAP


International integrated reporting council iirc

Source: Investis Research


International integrated reporting council iirc

COMPONENTS OF S&P 500 MARKET VALUE


International integrated reporting council iirc

Reporting content

Businessvalue

STRATEGIC ISSUES

STRATEGIC GROWTH

FORECASTS / PLANS

DEVELOPMENT PLANS

PAST PERFORMANCE

BUSINESS AS USUAL

Source: KPMG


Albert einstein

Albert Einstein

“we cannot solve our problems with the same thinking we used to create them”


International integrated reporting council iirc

What’s Integrated Reporting?


International integrated reporting council iirc

<IR> explained

CONCERNS

Strategy?

Historical focus

Financial focus

Volume and complexity

Financial

reporting


International integrated reporting council iirc

<IR> explained

CONCERNS

Limited uptake

Weak investor link

Historical focus

Volume & complex

Financial

reporting

Non-financial

reporting


International integrated reporting council iirc

<IR> explained

Financial

Non-financial

strategy

governance

performance

prospects


International integrated reporting council iirc

<IR> explained

concise communication of value

(investor audience)

strategy

governance

performance

prospects

Financial

reporting

Non-financial

reporting


International integrated reporting council iirc

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


International integrated reporting council iirc

Why should companies care about integrated reporting?

COMMUNICATING VS. COMPLYING

REPORTING THE INTANGIBLES

BREAKING DOWN SILOS

INCREASING TRANSPARENCY


International integrated reporting council iirc

“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.


International integrated reporting council iirc

THE CAPITALS

Source: Incite ‘Sustainability 2.0:

A Guide to Competing in a Changing World’


Integrated thinking creating value

INTEGRATED THINKING : CREATING VALUE


International integrated reporting council iirc

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


International integrated reporting council iirc

The IIRC

Pilot Programme Yearbook

Examples Database

IIRC Draft Prototype Framework


International integrated reporting council iirc

THE IIRC CRITICAL PATH


International integrated reporting council iirc

THE IIRC PILOT PROGRAMME


International integrated reporting council iirc

[email protected]

www.theiirc.org

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