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Integrated Reporting

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ANKUSH LAWATE

An Integrated Reporting is the need of the time for corporate world to be investor friendly............

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Presentation on Integrated Reporting given at ICSI-CCGRT-17th R-MSOP Batch – JAN -2013 Group Members:  Ankush Lawte  Saurabh Deole  Shailesh Rakhasiya  Shweta Agarwal
Introduction of Integrated Reporting 1. Misconception of Integrated Reporting 2. Concept of Integrated Reporting 3. IIRC
Misconception of IR It is not an accounting of trees saved, carbon offset purchased or funds donated Reporting for reporting sake Sustainability report appended to financial report Marketing, advertising
Concept of IR What is Integrated Reporting IR, an approach to communicate business value It is the fusion of FR SR
International Integrated Reporting Council(IIRC) Concept : IIRC  Drivers of IR Stakeholder Group Regulation & Compliance Standard
 Objective of IR  Selecting key performance and risk indicators  Practical steps in IR
Objective of IR  Support the information  Interconnections  Necessary framework  Emphasis on short term financial performance  Relativeness
Selecting Key Performance & Risk Indicators  Areas  Aspect  Challenges  Need to start the process  Combinations
Practical Steps  Keep an eye on IIRC  Engage Top Executives & the Board  Assign a point person  Consult with stakeholders  Seek guidance
BENEFITS OF INTEGRATED REPORTING A. Reporting organisations B. Investors C. Policy makers, regulators and standard setters and D. Other stakeholders
Reporting organization perspective  Accurate non-financial information to stakeholders  Better resource allocation  Enhance risk management  Better identification of opportunities  Greater engagement with employees  Lower reputational risk
Investor Perspective  Risk and opportunities  Future orientation and outlook  Improved analysis  More effective investment decision  Comparability
Policy Makers and Regulators perspective  More effective capital allocation  Harmonization of approaches  Economic and market stability  Stewardship of common resources
Challenges  Assurance  Standards yet to be established  Complexity  Materiality  Diverse Beneficiaries
How IR can make a difference ?  Linkage between financial and non-financial information  Reporting of overall performance in integrated way by the Board  Benefits of IR
Will IR deliver value or values ?  Holistic approach  Important to be realistic  Unlikely to change investors approach  Focus on IR will divert the companies from providing granular information to stakeholders
Conclusion  World has changed, so reporting needs to keep pace with it  IR is still in Embryonic stage in INDIA  Companies need to be focused in publishing IR  Requires lot of efforts in terms of money, management vision and support.
THANK YOU

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Integrated Reporting

  • 1. Presentation on Integrated Reporting given at ICSI-CCGRT-17th R-MSOP Batch – JAN -2013 Group Members:  Ankush Lawte  Saurabh Deole  Shailesh Rakhasiya  Shweta Agarwal
  • 2. Introduction of Integrated Reporting 1. Misconception of Integrated Reporting 2. Concept of Integrated Reporting 3. IIRC
  • 3. Misconception of IR It is not an accounting of trees saved, carbon offset purchased or funds donated Reporting for reporting sake Sustainability report appended to financial report Marketing, advertising
  • 4. Concept of IR What is Integrated Reporting IR, an approach to communicate business value It is the fusion of FR SR
  • 5. International Integrated Reporting Council(IIRC) Concept : IIRC  Drivers of IR Stakeholder Group Regulation & Compliance Standard
  • 6.  Objective of IR  Selecting key performance and risk indicators  Practical steps in IR
  • 7. Objective of IR  Support the information  Interconnections  Necessary framework  Emphasis on short term financial performance  Relativeness
  • 8. Selecting Key Performance & Risk Indicators  Areas  Aspect  Challenges  Need to start the process  Combinations
  • 9. Practical Steps  Keep an eye on IIRC  Engage Top Executives & the Board  Assign a point person  Consult with stakeholders  Seek guidance
  • 10. BENEFITS OF INTEGRATED REPORTING A. Reporting organisations B. Investors C. Policy makers, regulators and standard setters and D. Other stakeholders
  • 11. Reporting organization perspective  Accurate non-financial information to stakeholders  Better resource allocation  Enhance risk management  Better identification of opportunities  Greater engagement with employees  Lower reputational risk
  • 12. Investor Perspective  Risk and opportunities  Future orientation and outlook  Improved analysis  More effective investment decision  Comparability
  • 13. Policy Makers and Regulators perspective  More effective capital allocation  Harmonization of approaches  Economic and market stability  Stewardship of common resources
  • 14. Challenges  Assurance  Standards yet to be established  Complexity  Materiality  Diverse Beneficiaries
  • 15. How IR can make a difference ?  Linkage between financial and non-financial information  Reporting of overall performance in integrated way by the Board  Benefits of IR
  • 16. Will IR deliver value or values ?  Holistic approach  Important to be realistic  Unlikely to change investors approach  Focus on IR will divert the companies from providing granular information to stakeholders
  • 17. Conclusion  World has changed, so reporting needs to keep pace with it  IR is still in Embryonic stage in INDIA  Companies need to be focused in publishing IR  Requires lot of efforts in terms of money, management vision and support.