THE EVOLUTION TOINTEGRATEDREPORTING: A Journeyto the Next Stage ofCorporate ReportingBrad MonterioManaging Director, Colco...
CORPORATE REPORTING        Critical for investor confidence      An essential element of corporate                        ...
The Evolution of                                                  Corporate Reporting                                     ...
GOOGLE SEARCHEnvironmental Reporting: 65 MillionCompliance Reporting: 60 millionFinancial Reporting: 38 MillionManagem...
“We‟ve overspent our     financial, environmental,        social and governance  „capital,‟ and now the debt‟s            ...
INTEGRATED REPORTING    “This is a very      “Integrated Reporting demonstrates the important initiative that draws togeth...
INTEGRATED REPORTING                  Evolution                   JourneyChallenges    Missing Links     Story    Oppo...
WHY PRACTICEINTEGRATED REPORTING Shows commitment to being  sustainable Helps integrate sustainability into  strategy an...
WHY PRACTICEINTEGRATED REPORTING Improves relationship with  investment community Enhances access to capital Strengthen...
CSRREPORTING TRENDS
CSRREPORTING TRENDS
CSRREPORTING TRENDS
CSRREPORTING TRENDS
CSR REPORTS WITH FORMAL ASSURANCE STATEMENT            Country                  2002 (%)      2005 (%)      2008 (%)      ...
INTEGRATED                                                  Investment  REPORTING                                         ...
CHALLENGES TO INTEGRATED REPORTING “Closing the non-financial books” on time Required level of inter-functional  coordin...
MISSING LINKS        Standardization          Comparability              Materiality             ComplexityStakeholder eng...
OPPORTUNITIESTell your story your way(re)Build trustGrow economic valueRestore the balanceImprove transparency Manag...
LEADINGREPORTERS
HOW TO SPEED ADOPTION? Missing links need to be  connected Companies must take  responsibility to act Innovation by man...
INVESTMENT COMMUNITY SUPPORT GROWING               Thursday, November 18th, 2010Statement Calls for Policies to Unlock the...
CHAOS OF FRAMEWORKS
SOLUTION MUST BE GLOBAL        “Sector, country-specific and          proprietary frameworks for    reporting on sustainab...
WHERE WILL THEJOURNEY TAKE YOU?
Brad Monterio                                            Managing Director                                                ...
Upcoming SlideShare
Loading in...5
×

Monterio watson evolution to ir suffolk university 29 apr12 nn

506

Published on

Learn more about the road to Integrated Reporting

Published in: Business, Economy & Finance
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
506
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
20
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide
  • BRAD
  • BRAD
  • LIVNext we have it here by region – perhaps no surprise, but Europe accounts for half of all reports, followed by Asia and North America making up one third when combined.
  • LIVThis chart shows reports issued by Sector. Perhaps surprisingly, banks have issued the most, followed by electric utilities and chemical companies.
  • LIVNext, I want to show you a chart that indicated how many reporting organizations are also having those reports formally assured by some third party… In most cases you are seeing growth over the period shownAs we will talk about in a moment, assurance around this information is an emerging and important area for integrated reporting.
  • Monterio watson evolution to ir suffolk university 29 apr12 nn

    1. 1. THE EVOLUTION TOINTEGRATEDREPORTING: A Journeyto the Next Stage ofCorporate ReportingBrad MonterioManaging Director, Colcomgroup, Inc.Board Member, IMAChair, IMA XBRL CommitteeLiv WatsonDirector, International Business Development,WebFilings; Founder of XBRLStructured Financial Data in the Age ofComplexity ConferenceSuffolk University, April 30, 2012
    2. 2. CORPORATE REPORTING Critical for investor confidence An essential element of corporate governance Influences decisions and behavior of management Influences decisions and behavior of shareholders and other stakeholders Affects resource allocation (financial, natural and human resources) in society Influences perceptions of the company‟s customers, vendors, and employees Shapes how a company sees itself and its role in societySource: Prof. Robert Eccles, Harvard Business School
    3. 3. The Evolution of Corporate Reporting INTEGRATED ENVIRONMENTAL REPORTING GRC REPORTING REPORTING SUSTAINABILITY COMPLIANCE REPORTING REPORTING CSR REPORTING MANAGEMENT FINANCIAL REPORTINGSTATEMENTS
    4. 4. GOOGLE SEARCHEnvironmental Reporting: 65 MillionCompliance Reporting: 60 millionFinancial Reporting: 38 MillionManagement Reporting: 32 millionCSR Reporting: 21 millionIntegrated Reporting: 7 millionSustainability Reporting: 3 MillionGRC Reporting: 2 million
    5. 5. “We‟ve overspent our financial, environmental, social and governance „capital,‟ and now the debt‟s come due. Integrated Reporting is thestarting point to help us repay that debt.” Brad J. Monterio
    6. 6. INTEGRATED REPORTING “This is a very “Integrated Reporting demonstrates the important initiative that draws together linkages between an organization‟sthe key actors across financial, strategy, governance and financial environmental andsocial reporting. The performance and the social,concept of integrated environmental and economic context reporting is coming of age.” within which it operates. By reinforcing Hans Hoogervorst, these connections, Integrated Reporting Chairman, IASB can help business to take more sustainable decisions and enable investors and other stakeholders to understand how an organization is really performing.” The IIRC (www.theIIRC.org)
    7. 7. INTEGRATED REPORTING Evolution JourneyChallenges Missing Links Story Opportunities Economic value
    8. 8. WHY PRACTICEINTEGRATED REPORTING Shows commitment to being sustainable Helps integrate sustainability into strategy and operations for a better managed company Commitment to sustainability is good for shareholders Improves engagement with other stakeholders, especially employees and customers Improves reporting transparency Simplifies external reporting Positions company as leader and innovator
    9. 9. WHY PRACTICEINTEGRATED REPORTING Improves relationship with investment community Enhances access to capital Strengthens relationships within communities through stakeholder engagement Improves reputation and strengthens brand Meets compliance/regulatory needs
    10. 10. CSRREPORTING TRENDS
    11. 11. CSRREPORTING TRENDS
    12. 12. CSRREPORTING TRENDS
    13. 13. CSRREPORTING TRENDS
    14. 14. CSR REPORTS WITH FORMAL ASSURANCE STATEMENT Country 2002 (%) 2005 (%) 2008 (%) France 14 40 73 Spain 27 44 70 Italy 66 70 61 CSR 53 53 55 UKREPORTING Denmark 45 31 46 TRENDS Netherlands 38 40 44 Australia 42 43 42 South Africa 100 22 36 Sweden 15 5 33 Finland 29 19 30 Norway 20 33 30 Japan 26 31 24 Canada 10 10 19 USA 2 3 14 Source: KPMG International Survey of Corporate Responsibility Reporting 2008, p. 56-58
    15. 15. INTEGRATED Investment REPORTING CommunitySTAKEHOLDER Infomediaries ECOSYSTEM EXTERNAL STAKEHOLDERS Subsidiaries Investment CommunityInstitutional InvestorsRetail Investors InfomediariesMediaSocial Media OverseersData AggregatorsFinancial Publishers INTERNAL Overseers STAKEHOLDERSRegulatorsLawmakersPolicy MakersCentral BanksNGOsCommunity GroupsAssociations Service ProvidersExternal AuditorsExternal LegalProfessional ServicesTechnology VendorsTrading Partners Service Providers INTERNAL STAKEHOLDERS ©2011 Brad MonterioManagement and Liv WatsonEmployees/StaffBoard/Governance
    16. 16. CHALLENGES TO INTEGRATED REPORTING “Closing the non-financial books” on time Required level of inter-functional coordination Deciding on appropriate level of detail Deciding what‟s material or not Lack of agreed-upon standards and audit (vs. assurance) methodologies Poor understanding of the relationship between financial and non-financial performance Getting the attention of investors for non- financial information
    17. 17. MISSING LINKS Standardization Comparability Materiality ComplexityStakeholder engagement Assurance Trust
    18. 18. OPPORTUNITIESTell your story your way(re)Build trustGrow economic valueRestore the balanceImprove transparency Manage entire supply chainMitigate reputation riskSave moneyBuild long term valueAttract capital
    19. 19. LEADINGREPORTERS
    20. 20. HOW TO SPEED ADOPTION? Missing links need to be connected Companies must take responsibility to act Innovation by many constituencies is necessary Support from investment community vital Standards essential – XBRL is part of it; must be global Legislation and regulation will ultimately be required Support from civil society will encourage others to act
    21. 21. INVESTMENT COMMUNITY SUPPORT GROWING Thursday, November 18th, 2010Statement Calls for Policies to Unlock the Vast Potential of Low-Carbon Markets and Avoid Economic Devastation Caused byClimate Change(London) – The world’s largest global investors have a powerfulmessage for climate negotiators in Cancún and all nationalgovernments: Take action now in the fight against global warmingor risk economic disruptions far more severe than the recentfinancial crisis.The statement was signed by more than 250 investors from Europe,United States, Asia, Australia, Brazil and South Africa, with collectiveassets totaling over US$ 15 trillion—more than one-quarter ofglobal capitalisation. Signatories included the global giants AllianzGlobal Investors and HSBC Global Asset Management, as well asmany of the largest European pension funds and a dozen US publicpension funds and state treasurers. It is the largest-ever group ofinvestors to call for government action on climate change.
    22. 22. CHAOS OF FRAMEWORKS
    23. 23. SOLUTION MUST BE GLOBAL “Sector, country-specific and proprietary frameworks for reporting on sustainability are at odds with what the market needs today. Solutions need to be global, uniform, consistent, comparablewith current needs and extensible tomeet current and future needs; theyneed to help the market understand an organization„s sustainability practices, no matter in which country or industry sector they operate.” - Liv A. Watson & Brad J. Monterio
    24. 24. WHERE WILL THEJOURNEY TAKE YOU?
    25. 25. Brad Monterio Managing Director ‘‘Liv Watson Brad MonterioDirector, International Business Development, Managing Director, Colcomgroup, Inc.WebFilings; Founder of XBRL Board Member, Institute of Managementwatson.liv@gmail.com Accountants bmonterio@colcomgroup.com
    1. A particular slide catching your eye?

      Clipping is a handy way to collect important slides you want to go back to later.

    ×