1. Integrated Reporting Cecilia Jofré
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2. Evolution of Integrated Reporting
Principle 5: The governing body should ensure that reports issued by the organisation enable stakeholders to make informed assessments of the organisation’s performance, and its short, medium and long-term prospects(1)
Source: SAICA Adapted
1): “The King IV Report on Corporate Governance for South Africa 2016, Institute of Directors Southern Africa” and the IoDSA website link is:

3. Integrated Report integrated thinking integrated report
A concise communication about how an organization’s strategy, governance, performance and prospects, in the context of its external environment, lead to the creation of value in the short, medium and long term.
integrated thinking
The active consideration by an organization of the relationships between its various operating and functional units and the capitals that the organization uses or affects. Integrated thinking leads to integrated decision-making and actions that consider the creation of value over the short, medium and long term.
Source: IIRC

4. Integrated Thinking Capitals Stakeholder’s needs External environment
“Integrated thinking takes into account the connectivity and interdependencies between the range of factors that affect an organisation’s ability to create value over time…”
Capitals
Stakeholder’s needs
External environment
Value creation and performance
Source: SAICA Adapted and IIRC

5. Objectives of integrated reporting
Improve quality of information
Communicate materiality .
Enhance accountability
Integrated thinking for value creation
Source: SAICA Adapted and IIRC

6. Benefits of Integrated Reporting
Creates consensus and focus on truly material issues
More balanced consideration of risks and opportunities
Articulating and communicating strategy more effectively
Enhanced and focused performance measurements and management
Promotes integrated thinking and integrated management
Alignment of internal and external reporting
Reporting with purpose and meaning
Source: SAICA Adapted

7. Challenges to Integrated Reporting
Reliability and accuracy of information, especially non-financial information
An historical precedent of focusing on financial information and the needs of providers of financial capital
Understanding the relationships between the capitals
Inappropriate KPIs, both for the organisation and for executive remuneration. Often these are set primarily against financial targets
Lack of systems and tools to enable and support
Source: SAICA Adapted

8. What does integrated thinking look like ?

9. Integrated Report – the tip of the iceberg

10. Closing
‘We aint where we oughta be, we aint where we gonna be, but brother, we aint where we were’
                              
Martin Luther King