What is Integrated Reporting <ir> and how does it enable a business to tell its value creation story? Understand key concepts in the Consultation Draft of the International <ir> Framework and how this market-led initiative is getting global traction. Hear how it fits with existing reporting practice and the wider reporting landscape, here in the UK and internationally. Michael will present about the Framework from a technical perspective and Kate will explain how the IIRC engages with business, investors and other stakeholders, they will also put <ir> in the wider reporting landscape.
4. … globally accepted framework
… strategy, governance, performance and prospects
… clear, concise and comparable
… evolution of corporate reporting
… financial, governance, management commentary
and sustainability reporting
… adoption by report preparers
… recognition of standard setters and investors.
Mission
5. … corporate reporting norm
… organizations, their investors and other
stakeholders
… informed decision-making
… efficient capital allocation
… creation and preservation of value
… more sustainable global economy.
Vision
7. Who is the IIRC?
What is <IR>?
The Consultation Draft
How you can participate
Outline
8. • communication
• value creation over time
• a periodic integrated report
<IR> is a
process
• strategy, governance, performance
and prospects
• external environment
• creation of value over the short,
medium and long term
An integrated
report is a
concise
communication
• in accordance with the Framework
• primarily for providers of financial
capital
• of benefit to all stakeholders
It is prepared
What is <IR>?
12. Who is the IIRC?
What is <IR>?
The Consultation Draft
How you can participate
Outline
13. The Consultation Draft
Consultation Draft of the
International <IR>
Framework
• The IIRC and the process
• Request for comment
• Consultation questions
• Draft Framework
www.theiirc.org/consultationdraft/2013
18. <IR> explains how an organization creates value over
time.
• Serving the interests of, and working
with, all key stakeholders
• Financial returns plus effects on other
capitals and other stakeholders
• Increase, decrease or transformation of
the capitals
• A wide range of interactions, activities,
relationships, and causes and effects
• Provide information, not measure value
Creating value
20. FUNDAMENTAL
CONCEPTS
GUIDING PRINCIPLES CONTENT ELEMENTS
• STRATEGIC FOCUS
AND FUTURE
ORIENTATION
• CONNECTIVITY OF
INFORMATION
• STAKEHOLDER
RESPONSIVENESS
• MATERIALITY AND
CONCISENESS
• RELIABILITY AND
COMPLETENESS
• CONSISTENCY AND
COMPARABILITY
• INTRODUCTION
• THE CAPITALS
• THE BUSINESS
MODEL
• VALUE
CREATION
Core features
21. FUNDAMENTAL
CONCEPTS
GUIDING PRINCIPLES CONTENT ELEMENTS
• STRATEGIC FOCUS
AND FUTURE
ORIENTATION
• CONNECTIVITY OF
INFORMATION
• STAKEHOLDER
RESPONSIVENESS
• MATERIALITY AND
CONCISENESS
• RELIABILITY AND
COMPLETENESS
• CONSISTENCY AND
COMPARABILITY
• ORGANIZATIONAL
OVERVIEW AND
EXTERNAL
ENVIRONMENT
• GOVERNANCE
• OPPORTUNITIES
AND RISKS
• STRATEGY AND
RESOURCE
ALLOCATION
• BUSINESS MODEL
• PERFORMANCE
• FUTURE OUTLOOK
• INTRODUCTION
• THE CAPITALS
• THE BUSINESS
MODEL
• VALUE
CREATION
Core features
22. • Global context and South Africa
• European Commission issued a proposal to amend
two European Council Directives
• BIS: ‘The Future of Narrative Reporting: a new
structure for narrative reporting’
<IR> and the reporting landscape
23. Who is the IIRC?
What is <IR>?
The Consultation Draft
How you can participate
Outline
24. READ IT – CRITIQUE IT – FEEDBACK TO US
APRIL
16
JULY
15
Consultation period