@GRIAusConf_The Players – understanding integrated reporting with investors & accountants - Ann ByrnePresentation Transcript
The Players – understandingintegrated reporting withinvestors & accountants..Chair: Leontien Plugge, Deputy Director Regional Networks, Global Reporting InitiativeAnn Byrne, Chief Executive Officer, Australian Council of Superannuation InvestorsBill Hartnett, Head of Sustainability, Local Government SuperRoger Simnett, Professor of Accounting and Associate Dean (Research), AustralianSchool of Business, University of New South Wales; Working Group Member, IIRC
Reporting for InvestorsAnn Byrne, Chief Executive OfficerAustralian Council of Superannuation Investors
Sustainability Reporting Levels The five levels of sustainability reporting are defined as: No reporting The company does not report on sustainability in any form. Basic The company reports on sustainability to a limited extent. For example, the company might provide some basic information and statistics on health and safety. There is no significant consideration of sustainability risks. Developing The company shows an increased level of reporting and disclosure of the company’s actual performance against sustainability risks. This might be through a dedicated section on the website, a dedicated section of the annual report, or a standalone sustainability report. Generally, the company should cover a range of sustainability risks, including environmental, economic and social. Enhanced The company shows an increased level of reporting and disclosure against sustainability risks and also makes reference to the GRI (or is guided by the GRI to some extent). Generally the company should cover all sustainability risks, including environmental, economic and social, as well as taking into account the GRI. Best practice The company reports on sustainability performance according to the GRI, meaning the reporting is structured to the GRI G3 Guidelines. This includes reporting to a GRI index and having declared an application level. The reporting could be either internally or externally verified.Note: it is not necessary for a company to produce a standalone sustainability report in order to achieve Best Practice.
Sustainability Reporting Performance: ASX200Companies Reporting on Sustainability (at any level) 2008 - 2012
Sustainability Reporting Performance: ASX200Source: Sustainability Reporting Practices of the S&P/ASX 200, ACSI, 2012 (data to be verified)