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Henning Dräger IIRC Relationships Director for Russia Expert RA Conference Moscow

Henning Dräger IIRC Relationships Director for Russia Expert RA Conference Moscow 1 4 November 2013. Agenda. Integrated Reporting <IR> ≠ GRI IFRS UN Global Compact SASB OECD Guidelines for Multinational Enterprises Reporting hybrids Custom made solutions. Financial Regulators ,

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Henning Dräger IIRC Relationships Director for Russia Expert RA Conference Moscow

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  1. Henning Dräger IIRC Relationships Director for Russia Expert RA Conference Moscow 14November 2013

  2. Agenda. Integrated Reporting <IR> ≠ GRI IFRS UN Global Compact SASB OECD Guidelines for Multinational Enterprises Reporting hybrids Custom made solutions

  3. Financial Regulators, • Reporting Standard Setters • IASB • FASB • IFAC • World Bank • IMF • GRI • ISO • European Commission • SASB • Accounting Profession • ACCA • ICAEW • BDO, KPMG, EY ,Deloitte, PWC, GT • Investor Network • JP Morgan • Aviva Investors • Goldman Sachs • Deutsche Bank • Norway Sovereign Wealth Fund • SEB IIRC • Academia, Prof. bodies, NGOs • Corporate Governance Association of Turkey • Harvard University • WWF • Stock Exchanges • NYSE • LSE • Tokyo Stock Exchange • Micex • IOSCO • 115 Business Network participants • Rosatom • Uralsib • NIAER • Rosneft • Unilever • SAP • HSBC • Coca Cola • Rating agencies • S&P • Moody's • Bloomberg

  4. Our objective. strategy, governance, performance, future prospects Non-Financial reporting Financial reporting concise communication of corporate value creation and mitigation of negative impacts

  5. The future of corporate disclosure.

  6. The <IR> Format – one or multiple?

  7. How is <IR> different from other reporting frameworks e.g. IFRS, GRI and Natural Step? Thinking: Disconnected Integrated Stewardship: Financial capital All forms of capital Past and future, connected, strategic Focus: Past, financial Timeframe: Short term Short, medium and long term Trust: Narrow disclosures Greater transparency Responsive to individual circumstances Adaptive: Rule bound Concise: Long and complex Concise and material Technology enabled: Technology enabled Paper based

  8. <IR> v GRI G4. • <IR> Stakeholders • Investors • Regulators • Shareholders • Board/Management • <IR> Organisational Focus • More strategic • Business Model – inputs/outputs • Multiple capitals • Corporate Governance structure • Risk Management • <IR> metrics • <IR> “story” • Value creation/destruction over time • GRI Stakeholders • Broader external group • Report preparers • GRI Organisational Focus • More operational • Stakeholder engagement • Value chain • GRI “story” • Explain process of identifying material issues/stakeholders • Shared concepts • Materiality • Transparency • Governance

  9. The IIRC timeline. Discussion Paper Prototype Framework Framework (2013) 2014 Work Plan December 2013 The Framework G-20 2014/15 Summary of comments Behaviour Change Background Papers Emerging <IR> Database Pilot Programme Yearbook

  10. Russian stakeholders we need you! • Business Network participants • Investor Network participants • Legislator input • Industry input across key sectors • Experts for creating <IR> “language and metrics” • Marketing and Communication input • Academic partners for research, papers, conferences

  11. спасибо. INTERNATIONAL INTEGRATED REPORTING COUNCIL • Henning.drager@theiirc.org • www.theiirc.org • +380 50 452 20 37

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