Conférence IMA France 26 Avril 2013

Transcription

1 International integrated reporting council Integrated Reporting : Une vision élargie de la performance Conférence IMA France 26 Avril 2013

2 Assess the right value of a company Components of S1P 500 market value The reporting mismatch Reporting content Business value STRATEGIC ISSUES STRATEGIC GROWTH FORECASTS / PLANS DEVELOPMENT PLANS PAST PERFORMANCE BUSINESS AS USUAL An assessment of a company s full value creation cycle identifies the linkages between a sustainability strategy and/or sustainable business activities and a company s financial performance 2

3 The International integrated reporting council THE IIRC WAS FOUNDED IN 2010, when a broad coalition was formed THE ACCOUNTING PROFESSION INVESTORS REGULATORS IIRC STANDARD SETTERS COMPANIES The mission NGOs To create the globally accepted International <IR> Framework The vision For <IR> to be accepted globally as the corporate reporting norm, benefiting organizations, their investors and other stakeholders by enabling informed decisionmaking that leads to efficient capital allocation Key milestones A permanent IIRC Secretariat established to support the work around <IR>. The development of the IIRC Pilot Programme. A review and analysis of the <IR> Discussion Paper. The IIRC Year 1 Yearbook, The Emerging <IR> Database, Building the Business Case. The Prototype of the International <IR> Framework. 3

4 THE IIRC organisation 4

5 The pilot programme More than eighty of the world s largest companies are beginning the transition to Integrated Reporting by participating in the IIRC s two-year pilot programme Integrated Reporting has gained significant global momentum as companies seek to align their sustainability and business strategies, anticipate resource constraints and reflect more accurately the net value they create 5

6 The journey... Discussion Paper Prototype Framework Consultation Draft Consultation Draft 16 April 2013 The Famework December 2013 The Framework 6

7 What is <IR>? <IR> is a process An integrated report is a concise communication It should be prepared It is a communication On value creation over time In a periodic integrated report About strategy, governance, performance and prospects In the context of external environment Leading to the creation of value over the short, medium and long term in accordance with the Framework primarily for providers of financial capital of benefit to all stakeholders 7

8 The international <IR> framework FUNDAMENTAL CONCEPTS Introduction The capitals The business model Value creation GUIDING PRINCIPLES Strategic focus and future orientation Connectivity of information Stakeholder responsiveness Materiality and conciseness Reliability and completeness Consistency and comparability CONTENT ELEMENTS Organizational overview and external environment Governance Opportunities and risks Strategy and resource allocation Business model Performance Future outlook 8

9 Integrated thinking: THE CAPITALS Source: Incite Sustainability 2.0: A Guide to Competing in a Changing World 9

10 Integrated thinking: explain the business model 10

11 Integrated thinking: Creating value <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 11

12 Background Papers for <IR> 12

13 Consultation draft Comments on all aspects of the Framework are welcome You can respond to just one paragraph, one section, or all of it Do you agree with it or not? Go to the IIRC website Download the PDF feedback form Complete the feedback form Press submit to the IIRC button at the bottom of the form All responses will be published on the IIRC website after the close of the consultation period. 13

14 Contact Philippe Peuch-Lestrade 14

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