Sustainability, integrated and impact reporting: Current approaches and new directions John Maddocks - CIPFA

cipfa.org.uk Mandatory public sector sustainability reporting Influences on reporting approach? GRI A4S Payment by results Outcomes Impact reporting IIRC

cipfa.org.uk Voluntary reporting frameworks  Global Reporting Initiative (GRI)  G3 reporting framework launched 2006  Prince’s ‘Accounting for sustainability project (A4S)  ‘Connected Reporting Framework’ (CRF)  Embed sustainability into decision making  International Integrated Reporting  launched in 2010, includes A4S and GRI  Aim - a globally accepted framework for integrated reporting (due out Dec 2013)

cipfa.org.uk GRI – Sustainability reporting guidance Performance Indicators for:  Economic  Environmental  Social: Labour practices & decent work; Human rights; Society; Product responsibility Sector Supplements Protocols:  Technical Protocol: Applying the Report Content Principles  Boundary Protocol

cipfa.org.uk A4S Connected reporting framework  A method for making the connection between strategic direction, financial performance and environmental and social considerations.  Broken down into three key steps: 1.Connecting organisation’s strategy and sustainability: The identification of material sustainability issues and how they impact on the organisation’s strategic objectives. 2.Key Performance Indicators (KPIs) and actions taken 3.The Connected Performance Report: A balanced assessment of progress against targets and outcomes

cipfa.org.uk HM Treasury sustainability reporting guidance  Report format is not prescribed: ‘… develop format to fit their business …’  Minimum should include:  Overall strategy  Three indicators – GHG, waste, water  Linked to financial information  Two overviews – biodiversity, procurement  Brief commentaries on reported performance and future plans  supported by notes

cipfa.org.uk Impact reporting Action on Hearing Loss (RNID) example Input £0.4m spent on employment training advisers Output Delivered advice and guidance to 857 new jobseekers who are deaf 42% of whom also had additional needs. Outcome 95 jobseekers secured employment. Nearly 70 still in work after 3 months. Impact The personal stories of 70 people The social return on investment The positive impact on the economy

cipfa.org.uk Integrated reporting

cipfa.org.uk A new corporate reporting approach? Social impact reporting Sustainability reporting Financial reporting Integrated reporting