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Sustainability, integrated and impact reporting: Current approaches and new directions

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  1. Sustainability, integrated and impact reporting: Current approaches and new directions John Maddocks - CIPFA

  2. Influences on reporting approach? Impact reporting GRI A4S Payment by results Outcomes Mandatory public sector sustainability reporting IIRC

  3. Voluntary reporting frameworks • Global Reporting Initiative (GRI) • G3 reporting framework launched 2006 • Prince’s ‘Accounting for sustainability project (A4S) • ‘Connected Reporting Framework’ (CRF) • Embed sustainability into decision making • International Integrated Reporting • launched in 2010, includes A4S and GRI • Aim - a globally accepted framework for integrated reporting (due out Dec 2013)

  4. GRI – Sustainability reporting guidance Performance Indicators for: • Economic • Environmental • Social: Labour practices & decent work; Human rights; Society; Product responsibility Sector Supplements Protocols: • Technical Protocol: Applying the Report Content Principles • Boundary Protocol

  5. A4S Connected reporting framework • A method for making the connection between strategic direction, financial performance and environmental and social considerations. • Broken down into three key steps: • Connecting organisation’s strategy and sustainability: The identification of material sustainability issues and how they impact on the organisation’s strategic objectives. • Key Performance Indicators (KPIs) and actions taken • The Connected Performance Report: A balanced assessment of progress against targets and outcomes

  6. HM Treasury sustainability reporting guidance • Report format is not prescribed: ‘… develop format to fit their business …’ • Minimum should include: • Overall strategy • Three indicators – GHG, waste, water • Linked to financial information • Two overviews – biodiversity, procurement • Brief commentaries on reported performance and future plans • supported by notes

  7. Impact reportingAction on Hearing Loss (RNID) example Input £0.4m spent on employment training advisers Output Delivered advice and guidance to 857 new jobseekers who are deaf 42% of whom also had additional needs. Outcome 95 jobseekers secured employment. Nearly 70 still in work after 3 months. Impact The personal stories of 70 people The social return on investment The positive impact on the economy

  8. Integrated reporting

  9. A new corporate reporting approach? Integrated reporting Social impact reporting Sustainability reporting Financial reporting