Adding Value Through Sustainability reporting Webinar, Thursday 6 September 2012
Ian Buckland Sustainability Reporting lead at; Corporate Citizenship, London
Mark Twainâ€™s view on CR Reporting
The report of CR Reportingâ€™s death are greatly exaggerated
Facts and figures
Over 6,000 corporate responsibility reports produced globally per year
About 950 new reporters every year
95% 250 largest global companies report on their CR activities.
Mandatory reporting is here in many countries and through stock listing requirements although precise requirements vary. For instance, S. Africa, France, Denmark, India, Sweden, Malaysia and Netherlands.
EU expected to introduce mandatory reporting in 2014
Well established with national differences Europe 71%
Asia Pacific 49% Americas 69%
Middle East and Africa region 61%
Participants in project
Four Wave Model of Reporting Development
Who is your audience?
CC research 2012
Preference for GRI or UNGC The materiality and outreach aspects of GRI provide an excellent tool for companies to also include challenging issues raised by stakeholders into corporate reporting. Puma
If GRI becomes a burden without being sufficiently high value to the reporting organisation then its credibility and that of sustainability reporting as a whole is affected. Orkla
Which Format? • • • •
76% web-based 50% hard copy 43% annual report section 16% integrated report
One to one and small groups Intranet pages Social media
Respondent use %
highly effective %
73 88 64
44 22 18
The road to integrated reporting >60%
Whatever the format
But how can I make reporting work even harder?
Value flows in the reporting process
Value Added Balance
A cyclical process
5 Steps to Value Added Reporting, 1 Recognise the importance of reporting input processes. 1. Content owners managers are an important audience. 2. Understanding what they need? How can reporting: I. help them to create and deliver their programmes? II. further their communication objectives and ‘internal brand’? 3. Use materiality approach to assess content ‘winners and losers’.
5 Steps to Value Added Reporting, 2 Develop a robust reporting process based on value analysis at each stage. 1. Costs and benefits 2. Map these to onto the Value Added Balance to identify the overall value added by your reporting activity. 3. Qualitative approaches can be equally valuable. 4. Define where value is leaking from your processes. 5. Plan a strategy to actively manage value.
5 Steps to Value Added Reporting, 3 Leverage other functions to create a delegated, co-ordinated reporting system. 1. Creating a â€˜movementâ€™ for reporting internally 2. Hitchhike onto existing company processes such as legal, finance, HR etc 3. Plan for flexibility and open access. Rigidity can tie down resources 4. A delegated process leads to an exercise in quality and messaging control
5 Steps to Value Added Reporting, 4 Be punchy, targeted and highly engaging - these are vital characteristics with more devolved communications. 1. Audience preferences should drive the media. Research here pays dividends. 2. Different media have different resource requirements. 3. New media extend the reach of reporting but may not always be highly effective.
5 Steps to Value Added Reporting, 5 Ensure this cycleâ€™s outputs flow into information gathering for the next reporting cycle. 1. Build on previous processes year-on-year. 2. Templates can speed up decision making processes. 3. Treating content owners as a final audience can work to prepare the ground work for the next seasonâ€™s process. 4. Make sure the reporting impacts are captured as they happen (even if your output is only annual). 5. Reviewing objective, KPIs, metrics and stories. Sustainability, simplified
Value reporting toolbox
Corporate Citizenshipâ€™s Reporting Research 2012
Download the full report at http://www.corporate-citizenship.com
Contact us Ian Buckland Associate Director Corporate Citizenship 5th Floor, Holborn Gate 330 High Holborn London, WC1V 7QG E: email@example.com T: 020 7861 1616 W: www.corporate-citizenship.com
Published on Sep 10, 2012