Dan Ormond
Founding Partner, Ideas Shop
Corporate reporting evolved - Communicating value in a modern world
The way we communicate our value as companies and organisations is changing. In the past, a company’s main focus was communicating performance through financial reports. A few businesses made the move to triple bottom line reporting, and sometimes Corporate Sustainability Reporting.
But there’s growing recognition that to be more transparent and accountable businesses need to get better at reporting on our overall performance in a more consistent way. Integrated Reporting is a framework that helps businesses communicate our performance in a modern world. It is a way to track, measure and share how we create and sustain value over time – financial, social and environmental. Not only are consumers demanding more information, but by measuring and talking about it, it is generally good for business too: it helps us understand the risks and opportunities around us, the communities we work within, the people we employ, and the environment on which many of our operating models depend.
Integrated Reporting has been developed as an international framework which has already been adopted in a number of countries. As an example, it’s a mandatory requirement of companies listed on the South African Stock Exchange. NZ Post is the first New Zealand company to have completed an integrated report and several others will be producing them for the 2013/14 financial year.
This presentation will focus on Integrated Reporting, what it is and why as communicators we need to be aware of it.
Dan Ormond is a Founding Partner for Ideas Shop, and is an expert on sustainability communications.
Back to speakers.
The way we communicate our value as companies and organisations is changing. In the past, a company’s main focus was communicating performance through financial reports. A few businesses made the move to triple bottom line reporting, and sometimes Corporate Sustainability Reporting.
But there’s growing recognition that to be more transparent and accountable businesses need to get better at reporting on our overall performance in a more consistent way. Integrated Reporting is a framework that helps businesses communicate our performance in a modern world. It is a way to track, measure and share how we create and sustain value over time – financial, social and environmental. Not only are consumers demanding more information, but by measuring and talking about it, it is generally good for business too: it helps us understand the risks and opportunities around us, the communities we work within, the people we employ, and the environment on which many of our operating models depend.
Integrated Reporting has been developed as an international framework which has already been adopted in a number of countries. As an example, it’s a mandatory requirement of companies listed on the South African Stock Exchange. NZ Post is the first New Zealand company to have completed an integrated report and several others will be producing them for the 2013/14 financial year.
This presentation will focus on Integrated Reporting, what it is and why as communicators we need to be aware of it.
Dan Ormond is a Founding Partner for Ideas Shop, and is an expert on sustainability communications.
Back to speakers.