Integrated Reporting

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Presentation by Stathis Gould at The 6th Annual Symposium on Sustainable Business Non-Financial and Integrated Reporting, Baruch College, November 1, 2013

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Integrated Reporting

  1. 1. Integrated Reporting Stathis Gould International Federation of Accountants Baruch College November 1, 2013 Page 1 | Confidential and Proprietary Information
  2. 2. IFAC Overview Contributing to strong and sustainable organizations, financial markets, and economies Page 2 | Confidential and Proprietary Information
  3. 3. IFAC Operating Lines Developing and representing the profession; enhancing economic stability • Facilitating international standards • Quality and capacity • Knowledge and support • Speaking out Page 3 | Confidential and Proprietary Information
  4. 4. International Integrated Reporting Council Background • 2010 IIRC established – Founding members Prince’s Accounting for Sustainability and GRI supported by IFAC – Multi-stakeholder global coalition and market led • 2011 – Corporate entity established – Main offices in London; outreach posts around the globe – Pilot program set up Page 4 | Confidential and Proprietary Information
  5. 5. The Role of IFAC • Member of the International Integrated Reporting Council • Former IFAC CEO chairs Working Group • Technical staff support • IFAC/IIRC Memorandum of Understanding Page 5 | Confidential and Proprietary Information
  6. 6. Beyond Financial Statements Page 6 | Confidential and Proprietary Information
  7. 7. Volume of Reports 400 Prudential annual report pages - 1850-2008 350 'Back end' pages 300 250 200 150 100 50 0 Page 7 | Confidential and Proprietary Information
  8. 8. Positioning Integrated Reporting Financial Performance International standards Sustainability Reporting Transparency Integrated Reporting Overall performance story INTEGRATED THINKING & MANAGEMENT Page 8 | Confidential and Proprietary Information
  9. 9. The Opportunity of Integrated Reporting • Responding to clutter, complexity, and length of reporting • Engaging investors & others on how strategy, governance, performance, and prospects lead to the creation and preservation of value Page 9 | Confidential and Proprietary Information
  10. 10. Pilot Program Business + Investor Network • Provides the IIRC with structured feedback on key building blocks in the Framework to inform its development and practical application • Builds business momentum towards implementation of <IR> Page 10 | Confidential and Proprietary Information
  11. 11. A Business Model Approach Page 11 | Confidential and Proprietary Information
  12. 12. IIRC Framework Consultation & Beyond • Fundamental concepts, guiding principles, content elements • Analyzing the 359 responses to consultation draft and issuing final IR Framework • Outreach and stakeholder engagement • Managing its networks and institutional arrangements Page 12 | Confidential and Proprietary Information
  13. 13. www.ifac.org

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