@griausconf_joining the dots – an introduction to and trends in integrated reporting - victoria...
TRANSCRIPT
Melbourne, 28 March 2012
Joining The Dots –an introduction to and trends in integrated reporting.Chair: Rebecca Gunn, Manager, Sustainability Reporting, BHP Billiton, Member GRI Stakeholder Council
Hwang Soo Chiat, Associate Professor, School of Accountancy, Singapore Management University Terence Jeyaretnam, Director, Net BalanceNick Ridehalgh, Partner, KPMG; Content Taskforce Member, IIRC Victoria Whitaker, Network Manager, Focal Point Australia, Global Reporting Initiative
Integrated reporting& GRI
Victoria Whitaker
Melbourne, 28 March 2012
Melbourne, 28 March 2012
Outline of the presentation
• GRI’s relationship with the IIRC• Integrated GRI reports – what’s happening• Australia’s response to the IIRC Discussion Paper & G4
Melbourne, 28 March 2012
GRI & the IIRC
Melbourne, 28 March 2012
IIRC’s proposition
Integrated Reporting
Framework
Melbourne, 28 March 2012
Institutional involvement at all levels
Council
International
Working Group
Content Taskforce
GovernanceSub-
Committee
IIRC Secretariat
Melbourne, 28 March 2012
Developments so far & future plans
JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG
JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG
2013
20132012
2012
2011
2011
GRI G4 and guidance
document on IR
IIRC discussion paper & public comment
IIRC Pilot Programme Pilot Cycle 1 >>
Summary of IIRC discussion paper feedback
IIRC Integrated Reporting Framework consultation paper(s)
IIRC Pilot Programme Pilot Cycle 2 >>
IIRC's International Integrated Reporting Framework
Australian GRI Conference
IIRC Pilot Programme conference
G4 - gather input from networks
G4 - invite input on priorities
IIRC <IR> Framework consultation
paper(s)
G4 - invite input on draft
G4 - form working groups & prep content G4 - integrate public input into content
G4 - integrate G. bodies input into content
G4 – submit to governance bodies for approval
Melbourne, 28 March 2012
IR in numbers
Reports are registered as integrated reports if the reporter has marked them as such in the report registration form
2009 2010 20110
50
100
150
200
250
300
350
189
270
326
Integrated reports based on GRI's Guidelines
13 in Au
18 in Au
14 in Au
213 responses – 16 from Australia• Auditing and Assurance Standards Board• Australian Accounting Standards Board• Australian Council of Superannuation Investors• Australian Institute of Company Directors• Banarra• Chartered Secretaries Australia Ltd• CPA Australia• Financial Reporting Council (FRC)• Group of 100 Inc• Heads of Treasuries Accounting and Reporting
Advisory Committee (HoTARAC)• Institute of Chartered Accountants in Australia • National Australia Bank• Net Balance Management Group• Wesfarmers• Synengco• Work Safe Australia
GRI or its Guidelines mentioned in some of the responses
Main issues that came through from the responses
Investor focus Business model and value
creation Concepts underlying the
definition Future direction
IIRC discussion paper responses
2000 submissions100 from Australia
Practitioners Network – 50+ participants
• Disclosure on Management Approach Working Group – Paul Davies – Banarra
• Governance and Remuneration Working Group – Hugh Grant, Netbalance
• Boundary Working Group – Andrew Cole, Lendlease
• Application Level Working Group - Amanda Nuttall, Netbalance Foundation
• G4 Editing Taskforce – John Purcell, CPA Australia, Kirsten Simpson, NB
GRI G4 Responses