110 likes | 274 Views
The Evolution of corporate reporting for integrated performance management. Peter Bakker. OECD Roundtable, Paris June 25, 2014. Governments alone can not provide Solutions. Social tensions are rising. Economic crisis has not eased. Planet Earth in trouble. Systemic Crisis.
E N D
The Evolution of corporate reporting for integratedperformance management Peter Bakker OECD Roundtable, Paris June 25, 2014
Governments alonecannot provide Solutions Social tensions are rising Economic crisishas not eased Planet Earth in trouble Systemic Crisis Businesshas a choice
Social tensions are rising Economic crisishas not eased Governments are not leading Social tensions are rising Economic crisishas not eased Governments alonecannot provide Solutions Planet Earth in trouble Planet Earth in trouble Systemic Crisis Social tensions are rising Businesshas a choice
Vision 2050 9+ billion people All living well Within the boundaries of the planet
ACTION2020 VALUATION Scaling uprequires 3 key elements Today TO REACH SOCIETAL MUST-HAVES BUSINESS SOLUTIONS INNOVATION COLLABORATION
"Corporate Reporting will provide the lever to get more companies acting more sustainable" From: "Accountants will save the world" – HBR, March 2012
A transitionfrom a Financial Capital-only Economy… Meaningful transparency FinancialAccounts Accounting Principles - GAAP- Comparability & Materiality Management Accounts Management decisions FINANCIAL CAPITAL
To an Economybalancing three Capitals is underway Meaningful transparency FinancialAccounts Non-Financial Reporting Non-Financial Principles - GASP - Accounting Principles - GAAP- Comparability & Materiality HOW-WHAT SP&L and other methodologies EP&L and other methodologies Management Accounts Better informed decisions Natural Capital Protocol Social Capital Protocol FINANCIAL CAPITAL NATURAL CAPITAL SOCIAL CAPITAL
The IR framework provides Integrated Performance INTEGRATED REPORTING Meaningful transparency FinancialAccounts Non-Financial Reporting Non-Financial Principles - GASP - Accounting Principles - GAAP- Comparability & Materiality HOW-WHAT SP&L and other methodologies EP&L and other methodologies Management Accounts Better informed decisions Natural Capital Protocol Social Capital Protocol FINANCIAL CAPITAL NATURAL CAPITAL SOCIAL CAPITAL
INTEGRATEDVALUATION TRUEVALUE INTEGRATED REPORTING Meaningful transparency FinancialAccounts Non-Financial Reporting Non-Financial Principles - GASP - Accounting Principles - GAAP- Comparability & Materiality HOW-WHAT SP&L and other methodologies EP&L and other methodologies Management Accounts Better informed decisions Natural Capital Protocol Social Capital Protocol FINANCIAL CAPITAL NATURAL CAPITAL SOCIAL CAPITAL