integrating sdgs into the business reporting framework · sdgs and the value creation process...
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Integrating SDGs into the business reporting framework
Charl de VilliersUniversity of Auckland, New Zealand
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what organisations are doing to pursue SDGs by changing their strategy, operations and business models,
and the role of integrated reporting and integrated thinking
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The SDGsare the
major issues facing humanity17 goals
232 indicators or measures
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As accountants- interested inmeasurement
disclosure
companies and other organisations
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Top business impacts by industry (Source: PwC, 2015, p. 11)
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Companies – engaging with the SDGs
challenge – another non-core issue to consider
they are in the money making business
CEOs dream about making money
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What is integrated reporting?
A concise report
that integrates financial and non-financial informationthat tells an organisation’s future value creation storywith reference to the business model and strategy
employed to extract value from the six capitals: financial, manufactured, intellectual, human, social and relationship, and natural capital
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SDGs and the value creation process (Source: Adams, 2017, p. 22)
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How companies deal with SDGs
Ignore SDGs
Add SDG ‘stickers’to the company’s
sustainability report
a continuum
Fully integrated into the CEOs dreams
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Busco, C., Granà, F., and Izzo, M. F. (2020b). Sustainable development and integrated reporting - Making
Sustainable Development Goals happen through integrated thinking and reporting. In C. de Villiers, P.-
C. K. Hsiao, and W. Maroun (Eds.), The Routledge Handbook of Integrated Reporting. London:
Routledge.
Guthrie, J., Domingues, A. R., Manes-Rossi, F., and Orelli, R. L. (2020b). Sustainable development and
integrated reporting - Integrated reporting and sustainable development goals in universities. In C. de
Villiers, P.-C. K. Hsiao, and W. Maroun (Eds.), The Routledge Handbook of Integrated Reporting.
London: Routledge.
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Making Sustainable Development Goals happen through integrated thinking and reporting
• Busco et al. (2020b) provides an overview of the SDGs and organizations’ role in
meeting these goals.
• The chapter presents three case studies, which demonstrate how organizations have
been re-adapting their strategies and business models to integrate the SDGs into
their reporting processes.
• This process requires changes in operational models and constant innovation in
performance measurement and reporting practices.
• The authors suggest that integrated thinking and reporting is a powerful tool for this
purpose.
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Aligning Performance with Purpose to the SDGs (Source: PepsiCo Sustainability Report 2017, p. 9)
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City Developments Limited - value-creation business model (Source: CDL Integrated Sustainability Report, 2019, p. 17)
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Itaú Unibanco Holdings SA (IUH) - integrating the SDGs within the company’s Business Model
Priority strategies, material themes and SDGs (Source: IUH, Integrated Report 2017)
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Integrated reporting and sustainable development goals in universities
• Guthrie et al. (2020) suggest the IIRC Framework could potentially be used to
assess and communicate sustainability practices.
• The chapter examines an Italian university’s journey towards integrating the SDGs
into its operations and disclosure.
• The university followed the GRI guidelines and adopted integrated thinking and
reporting, as encouraged by the British Universities Finance Directors Group.
• The authors conclude that the IIRC Framework may provide appropriate
guidance for introducing integrated thinking and embedding the SDGs into
organizational strategies.
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CONCLUSION• Many examples of integrating SDGs into the business reporting framework
• While many organisations just add SDG stickers to their reports…
• Also examples of integrating SDGs into:
– Strategy
– Business model
– Operations
– Performance management systems
• This kind of integration goes beyond the SDG sticker approach
• Possible to use the IIRC framework to integrate SDGs
• Integrated thinking may be useful in considering SDGs
• Future research opportunity: Flesh out the ‘How companies deal with SDGs continuum’
and do case studies or content analyses using this continuum as a basis.