The Evolution of corporate reporting for integrated performance management Peter Bakker OECD Roundtable, Paris June 25, 2014.

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Presentation transcript:

The Evolution of corporate reporting for integrated performance management Peter Bakker OECD Roundtable, Paris June 25, 2014

Business has a choice Governments alone can not provide Solutions Systemic Crisis Economic crisis has not eased Social tensions are rising Planet Earth in trouble

Social tensions are rising Economic crisis has not eased Governments are not leading Planet Earth in trouble Business has a choice Social tensions are rising Governments alone can not provide Solutions Economic crisis has not eased Social tensions are rising Planet Earth in trouble Systemic Crisis

9+ billion people All living well Within the boundaries of the planet Vision 2050

COLLABORATION VALUATION INNOVATION Today Scaling up requires 3 key elements BUSINESS SOLUTIONS ACTION2020 TO REACH SOCIETAL MUST-HAVES

"Corporate Reporting will provide the lever to get more companies acting more sustainable" From: "Accountants will save the world" – HBR, March 2012

Financial Accounts Accounting Principles - GAAP - Management Accounts FINANCIAL CAPITAL Meaningful transparency Comparability & Materiality Management decisions A transition from a Financial Capital-only Economy…

Financial Accounts Accounting Principles - GAAP - Management Accounts FINANCIAL CAPITAL Non-Financial Reporting Non-Financial Principles - GASP - NATURAL CAPITAL SOCIAL CAPITAL Meaningful transparency Comparability & Materiality Better informed decisions EP&L and other methodologies SP&L and other methodologies Natural Capital Protocol Social Capital Protocol To an Economy balancing three Capitals is underway

INTEGRATED REPORTING Financial Accounts Accounting Principles - GAAP - Management Accounts FINANCIAL CAPITAL Non-Financial Reporting Non-Financial Principles - GASP - NATURAL CAPITAL SOCIAL CAPITAL Meaningful transparency Comparability & Materiality Better informed decisions EP&L and other methodologies SP&L and other methodologies Natural Capital Protocol Social Capital Protocol The IR framework provides Integrated Performance

INTEGRATED VALUATION INTEGRATED REPORTING Financial Accounts Accounting Principles - GAAP - Management Accounts FINANCIAL CAPITAL Non-Financial Reporting Non-Financial Principles - GASP - NATURAL CAPITAL SOCIAL CAPITAL Meaningful transparency Comparability & Materiality Better informed decisions EP&L and other methodologies SP&L and other methodologies Natural Capital Protocol Social Capital Protocol