Featured In

CSR Research Digest – December 2012

Summary

Ernst & Young’s recent report outlines four initial steps that companies should take to implement integrated reporting. In addition, it discusses the benefits and challenges of integrated reporting.

Key Findings

• Companies aiming to combine financial and non-financial material into a single, integrated report should begin by framing their business goals and environmental and social objectives with capital opportunities and risks.
• Once goals have been defined, companies should complete a thorough materiality analysis to determine what integrated reporting risks and opportunities are important to their leadership, investors and stakeholders.
• Their responses should be prioritized to determine material issues and related business strategies.
• The third step is to evaluate integrated reporting best practices and select the methods that best fit that company’s particular needs.
• Executives should mirror the quality, processes and controls of these leading companies and organizations.
• Finally, companies should create a road map.
• Begin by prioritizing reporting on the environmental, social and fiscal activities and projects that further the company’s ability to create and preserve value.
• The road map should include processes and controls that support credible, high-quality reporting.
• Executives building the road map should engage leadership, investors and stakeholders to prioritize projects that best ensure return on investment and communicate those successes to an outside audience.

Author(s)

Ernst & Young

Source

PDF report

Tags: Ernst & Young, Integrated reporting