1. Eurofiling Initiative. XBRL week XBRL Integrated Scorecard for Financial and Sustainability Reporting Madrid, June 1st, 2012 Enrique Bonsón. University of Huelva José Luis Lizcano. AECA www.aeca.es

2. Agenda AECA: profile and purpose CSR project, combining frameworks Central Scorecard project, exploring reality Integrated Scorecard, the next step

3. AECA: profile and purpose Asociación Española de Contabilidad y Administración de Empresas Spanish Accounting and Business Administration Association Founded in 1979 Declared as of public utility Influencing regulatory bodies More than 5000 individual and corporate members

4. AECA: profile and purpose During the 1980´s, its contributions to accounting principles highly influenced the redaction of Spanish GAAP. Later, AECA extended its interest to Corporate Social Responsibility issues, towards better transparent corporations and markets Goal: promote the use of CSR standards, along with digital standards

5. CSR project, combining frameworks A selection of international standards From abstract to concrete indicators Organizing KPIs by stakeholder, comprehensive approach Analyzing reporting practices using triplets

6. CSR project, combining frameworks

8. Data Not available Not applicable Data Not available Not applicable measure transparency levels Check difficulties measuring Explore industry extensions = Feedback for framework evolution

9. CS project, exploring reality From real reporting to KPI´s selection Not comprehensive, key indicators Organized by nature (F, E, S, G) XBRL enabled repository Success in implementation

10. CS project, exploring reality Empirical research – target population includes all Spanish companies quoted in the IBEX 35 Index (Spanish top 35 listed corporations representing a greatly diverse set of industries) on December 28, 2007 – and a significant number of them are listed in various sustainability indexes such as the Dow Jones Sustainability Index (DJSI) and the Financial Times Stock Exchange Index for Social Responsibility (FTSE4Good)

11. CS project, exploring reality Empirical research – the research team proceeded to download from the website of each one of the companies their 2007 sustainability reports, published in 2008 – 2 of the 35 companies selected, 5.71%, had no report for the period – after reading and analyzing the reports the research team determined the final sample of analysis consisting of 14 companies, 40% of the population. This sample corresponds to those companies that identified in their reports a set of key indicators to define CSR practices during that year

12. CS project, exploring reality Empirical research – the research team composed a set of indicators based on the reporting practices, adding them up from each companies and avoiding redundancies – this comprehensive set was sent to the companies for approval, with 21 positive responses (66% of market share) – final refinement was perform by means of face- to-face meetings with sustainability directors of respondent companies

17. Public repository www.aecareporting.com

20. Integrated Scorecard Financial CII (IS) Social Environmental Corporate Governance

21. Integrated Scorecard CODEDENOMINATIONDEFINITIONPRESENTATION AND CONSIDERATIONSREFERENCES Fair corporate governance KPI_CG1Board membersNumber of board membersPresentation: Board members quantity CSR-AECA KPI_CG2Independent board membersNumber of independent board members Presentation: Independent board members quantity Considerations: State how the organization defines independent and non- executive. This element applies only for organizations that have unitary board structures 4.3 (GRI 3.1) CSR-AECA KPI_CG3Executive CommitteeNumber of members of Executive Comitee Presentation: Quantity members of Committee that sets the company's strategy KPI_CG4Audit CommitteeNumber of members of Audit Comitee Presentation: The Audit Committee is responsible for controlling and monitoring of external and internal auditors KPI_CG5Nominations CommitteeNumber of members of Nominations Comitee Presentation: Quantity of Nominations Committee members KPI_CG6Meetings of the BoardNumber of meetings of the BoardPresentation: Number of meetings held by the Board annually KPI_CG7Total remuneration of the BoardBoard remuneration costsPresentation: Remuneration paid to board members CSR-AECA KPI_CG8Gender diversity at Management Board Women with a labor contract, that have a position in the Management Presentation Number of women at the Management level Considerations: Management, such as the Management Board, the General Direction and Deputy Directors are included here. LA13 (GRI)

22. Complex Reporting Linkbases Complex Reporting Linkbases Basic Indicators financialsocialenvironmental ProfitPeoplePlanet F1S1E1S2 Composed Indicators Complex Indicators S1/S2 F1 /(S2+E2) Pilots governmental G1 E1/E2

27. Final considerations AECA tried to cover the gap detected at the international level Focus in both listed companies and SMEs Combining high quality standards with digital formats Open to discussion