integrated reporting: sustainability & the true cost of doing business
DESCRIPTION
Incorporating externalities -- risks and assets -- into the corporate bottom line is the best way to achieve corporate sustainability and responsibility. Robert A.G. Monks explains Integrated Reporting as designed by IIRC. For the CIRI annual conference, Ottawa 2014.TRANSCRIPT
Integrated Reporting
Robert A.G. MonksJune 17, 2014
www.ragm.com
<IR>
True cost of products &
services
Costs factored into market
price
Fewer regulations & prosecutions
Fewer fines & settlements
"The university's review has concluded that coal is one of the most carbon-intensive methods of energy generation and that other sources can be readily substituted for it. Moving away from coal in the investment context is a small, but constructive, step while work continues, at Stanford and elsewhere, to develop broadly viable sustainable energy solutions for the future."
-Stanford President John Hennessy
Consumers and investors are complicit in problems caused by corporate externalities.
No More Enablers
ExternalitiesInjuries & damages
Impact on Environment
Lawsuits, Fines &
SettlementsMoney in
politics
<IR> solves those problems“An integrated report benefits all stakeholders
interested in an organization’s ability to create value over time, including employees, customers, suppliers, business partners, local communities, legislators, regulators and policy-makers.”
– IR Framework, www.theiirc.org