1. Integrated reporting Is it just a buzz word… or is it a new way of thinking? Kirsten Simpson Manager Corporate Sustainability, VicSuper

2. What is integrated reporting? Integrated reporting is a market-led response to today’s corporate reporting challenges. It is principles based and aims to provide benefits to both business and investors. Business needs a reporting framework that helps them to articulate strategy, drive performance and attract capital. Investors need to understand how the business strategy being pursued creates value over time.

3. Who developed the Framework? The International Integrated Reporting Council (IIRC) governs the Framework. Business and investors from over 25 countries have pioneered the development of the International Integrated Reporting Framework. AMP, Government Employees Pension Fund of South Africa, Goldman Sachs, Groupama, ING, State Street Global are just a few of the 35-plus investor organizations that have contributed to the Framework.

4. What is an integrated report? It is a concise communication that aims to provide stakeholders with a holistic picture of how your business operates so that they can make fully informed decisions.

5. Integrated reporting principles Strategic focus and future orientation Materiality Stakeholder relationships Connectivity of information Conciseness Reliability and completeness Consistency and comparability

6. What does an integrated report look like?

7. Why VicSuper adopted integrated reporting We have been reporting on our financial and non-financial reporting suing the global best practice GRI guidelines for the last decade. We were looking for an outcomes based framework to help us evolve and clearly tell our value generation story. If we ask the companies we invest in to disclose financial and non- financial performance then we should lead by example.

8. Key benefits A much shorter and relevant report! Break down of internal information silos Engagement across the business. Clear articulation of our business model and how each part of our business generates value for us, our members and other stakeholders. Better understanding of how our key governance and risk systems link to our strategy and how we measure performance.

9. Challenges Transition to the newest version of the GRI G4 and Integrated Reporting while maintaining independent assurance. Getting the materiality process right. Bringing the entire VicSuper team along on the journey. Tight timeframes and publication deadlines. PDF, desktop, tablet and mobile digital deployment.

10. Where is integrated reporting headed The Framework is supported by global institutions including the World Bank, the Principles for Responsible Investment and global accounting/assurance bodies. The IIRC have taken the Framework to the B20 to drive global take up. The Framework is here to stay and overtime it will revolutionise how companies report to their stakeholders.

11. Producing an integrated report is one thing…. the real benefits result from the integrated thinking it promotes! To learn more join the Integrated Reporting Global Pension Network