Eccles / Krzus / Ribot The Integrated Reporting Movement

Meaning, Momentum, Motives, and Materiality
1. Auflage 2014
ISBN: 978-1-118-99373-6
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 336 Seiten, E-Book

Reihe: Wiley Corporate F&A

An in-depth, enlightening look at the integrated reportingmovement
The Integrated Reporting Movement explores the meaning ofthe concept, explains the forces that provide momentum to theassociated movement, and examines the motives of the actorsinvolved. The book posits integrated reporting as a key mechanismby which companies can ensure their own long-term sustainability bycontributing to a sustainable society. Although integratedreporting has seen substantial development due to the support ofcompanies, investors, and the initiatives of a number of NGOs,widespread regulatory intervention has yet to materialize. Outsideof South Africa, adoption remains voluntary, accomplished viasocial movement abetted, to varying degrees, by market forces. Inconsidering integrated reporting's current state of play, theauthors provide guidance to ensure wider adoption of the practiceand success of the movement, starting with how companies canimprove their own reporting processes. But the support ofinvestors, regulators, and NGOs is also important. All willbenefit, as will society as a whole.
Readers will learn how integrated reporting has evolved over theyears, where frameworks and standards are today, and the practicesthat help ensure effective implementation--including, but notlimited to an extensive discussion of informationtechnology's role in reporting and the importance ofcorporate reporting websites. The authors introduce the concepts ofan annual board of directors' "Statement of SignificantAudiences and Materiality" and a "Sustainable ValueMatrix" tool that translates the statement into managementdecisions. The book argues that the appropriate combination ofmarket and regulatory forces to speed adoption will vary bycountry, concluding with four specific recommendations about whatmust be done to accelerate high quality adoption of integratedreporting around the world.

Autoren/Hrsg.

Eccles, Robert G.

Krzus, Michael P.

Ribot, Sydney

Inhaltsverzeichnis

Foreword ix
Preface xiii
Acknowledgments xvii
Chapter 1: South Africa 1
The Uniqueness of South Africa 2
South Africa's Journey to Integrated Reporting 3
South African Assessment of the South African Experience 10
Our Reflections on the South African Experience 18
Notes 18
Chapter 2: Meaning 31
Company Experimentation: Examples from the First IntegratedReports 32
Expert Commentary: The First Reflections on Integrated Reporting40
Codification: Creating Common Meaning 44
Notes 51
Chapter 3: Momentum 59
Adoption 61
Accelerators 63
Awareness 78
Notes 80
Chapter 4: Motives 97
Companies 98
Audience 102
Supporting Organizations and Initiatives 106
Regulators 107
Service Providers 109
Notes 111
Chapter 5: Materiality 119
The Social Construction of Materiality 120
Materiality in Environmental Reporting 122
Comparing Different Definitions of Materiality 123
Audience 127
Governance 129
Materiality for Integrated Reporting 132
Notes 134
Chapter 6: The Sustainable Value Matrix 147
A Short History of the Materiality Matrix 147
Issues with the Matrix 150
The Current State of Materiality Matrices 152
From the Materiality Matrix to the Sustainable Value Matrix157
Notes 165
Appendix 6A: Comparing the Ford and Daimler Materiality Matrices173
Notes 177
Appendix 6B: Methodology for the Materiality Matrices Review179
Note 189
Chapter 7: Report Quality 191
The Six Capitals 192
Content Elements 194
Special Factors 200
Assurance 207
Notes 209
Appendix 7A: Methodology for Analyzing 124 Company IntegratedReports 221
Notes 223
Chapter 8: Reporting Websites 225
Methodology 226
Website Category Analysis 227
Website Feature Analysis 233
Three Examples 241
Notes 246
Appendix 8A: Methodology for Website Coding 253
Chapter 9: Information Technology 261
Integrated Reporting Processes 262
Four IT Trends 265
Contextual Reporting 269
(World Market Basket) 271
Notes 274
Chapter 10: Four Recommendations 281
A Very Brief History of Financial Reporting 282
Balancing Experimentation and Codification 283
Balancing Market and Regulatory Forces 285
Greater Advocacy from the Accounting Community 287
Achieving Clarity Regarding the Roles of Key Organizations289
A Possible Scenario 290
Final Reflection 292
Notes 292
About the Authors 299
Index 301

Über Autor(innen)

ROBERT G. ECCLES is a Professor of Management Practice atthe Harvard Business School. He has written four books on corporatereporting. He has also written over 25 articles and 20 teachingcases on integrated reporting and sustainability.
MICHAEL P. KRZUS is an independent integrated reportingconsultant and researcher. He has provided advisory services toparticipants in the International Integrated Reporting CouncilPilot Program, companies exploring the adoption of integratedreporting, and consulting organizations seeking to enhanceintegrated reporting capabilities for clients.