The slides and recording from the webinar 'SMEs and Integrated Reporting’ held on 17 September 2019 can be accessed here: https://register.gotowebinar.com/recording/5985903331413646086
IFAC welcomes sharing this recording with colleagues in your organization who may find it of interest.
The webinar was focused on integrated reporting for small and medium sized entities (SMEs), exploring the benefits for SMEs, guidance on implementation, and case study examples, with excellent presentations from:
The implementation guidance was illustrated by 2 case studies:
(1) Stafer presented by Andrea Ragazzini, Chief Value Officer
(2) Dellas presented by Marco Pasquotti, Group CFO, Dellas and Chairman, Italian CFOs Association (ANDAF) North-Eastern Section.
Useful links
https://www.journalofaccountancy.com/news/2019/sep/how-to-adopt-integrated-reporting-201921906.html
Bob Eccles has published a post at Forbes.com entitled: The Statement Of Purpose And What You Need To Do. He sees this as a simple way to ensure that a focus on long-term success gets the attention it deserves:
The time has come to put this idea into practice. Our proposition is a simple one. The board of a company should publish an annual one-to-two page “Statement of Purpose” that clearly articulates the company’s purpose to profitably achieve a solution for society. It specifies within that purpose the few stakeholders most critical to long-term value creation and sustainability. While many, if not most, companies have mission and vision statements, almost none of them are signed by the board of directors.
Read more
In this New York Times article chief executives from the Business Roundtable, including the leaders of Apple and JPMorgan Chase, argue that companies must also invest in employees and deliver value to customers.
In this interview with the Arizona Chamber of Commerce, I outline the strategic benefits of Integrated Reporting and thinking. https://chamberbusinessnews.com/2019/08/16/social-accounting-offers-more-transparency-greater-investor-confidence/
Integrated thinking leads to integrated decision making and actions that consider the creation of value over time. SMEs and not-for-profit organizations can benefit from such an integrated approach by combining an understanding of the entities’ overall strategy with a multi-capital lens while promoting a long term vision.
Anglo African Investments Limited, a Mauritius based small listed company, has been identified as one of London Stock Exchange Group’s Companies to Inspire Africa 2019. It has also won PwC (Mauritius) Corporate Reporting Awards in each of past 4 years. Read about the company and its integrated thinking and reporting here https://angloafrican.com/ . ACCA identified them as as a best practice exponent of IR / IT and used tthem as a case study here: https://www.accaglobal.com/in/en/professional-insights/global-profession/Insights-into-integrated-reporting-2-walking-the-talk/making-integrated-reporting-work-in-an-sme-anglo-african.html
This article introduces readers to social accounting, promoting Integrated Reporting as an enabler of financial stability for firms and the entire economy. The last paragraph points readers to the IR US community's webinars for examples of how companies can begin the <IR> journey.
https://asunow.asu.edu/20190611-solutions-what-is-social-accounting-business-tool
Ayala's 2018 Integrated Report clearly communicates its deployment of the six capitals to create value and connecting these activities to the SDGs. https://www.ayala.com.ph/sites/default/files/pdfs/Ayala-AR18-040519-pages-lowres.pdf
My Op Ed in today's Manila Times shares Ayala's example and advocates for the use of Integrated Reporting as a tool for sustainable wealth creation. https://www.manilatimes.net/integrated-reporting-as-a-tool-for-sustainable-wealth-creation/560929/
This article by community member John Wilcox is a great overview of integrated reporting model, potential benefits and obstacles to adoption.
The future of integrated reporting is closely linked to developments in corporate governance, climate change, social issues, sustainability, corporate reporting, investor stewardship, regulation....
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