Overview
Praise for One Report: Integrated Reporting for a Sustainable Strategy
"Any business not thinking about integrated reporting needs to know that their competitors probably are. This is a commercial as well as a sustainability fact of life."
—Malcolm Preston, global head of Sustainability and Climate Change, PricewaterhouseCoopers LLP (UK)
"One Report has the potential to significantly change how investors think about value. The models we use to predict the future value of our investments are changing as analysts discover new factors that make significant contributions to a company's 'upside' as well as its 'downside.' Companies that use an integrated reporting approach benefit by being better managed and also give notice of their intention to recognize an enhanced array of relationships that lead to better performance. Financial fiduciaries and long-term investors should celebrate the ideas put forth in this comprehensive, well-researched, and engaging book."
—Laura Berry, Executive Director, Interfaith Center on Corporate Responsibility
"The Brazilian stock exchange, BM&FBOVESPA, welcomes the idea of a 'One Report,' as proposed in this book, in which companies reaffirm every year—in just one document—their commitment to governance, civic awareness, and sustainability. The number of Brazilian companies that do this, like Natura, continues to grow. A company's communication is just as important as its corporate strategy. After all, it is through communication that companies develop a permanent dialogue with their stakeholders."
—Edemir Pinto, CEO, BM&FBOVESPA
"Ensuring that responsibility for the impact of a company's products and services on society as a whole is firmly embedded in a company's core business is increasingly accepted. This book makes a powerful case for the logical next step that such reporting should be integrated with normal corporate financial reporting. It also discusses, with examples, ways in which the use of technology can make integrated reporting both less cumbersome and more comprehensive than before."
—Sir Mark Moody-Stuart, Chairman, Hermes Equity Ownership Services and Board Member, United Nations Global Compact
"When I was a Commissioner at the Securities and Exchange Commission, I headed a task force of international regulators to study whether financial statements (designed for nineteenth century companies) could be made more relevant to the needs of today. The task force would have benefited greatly from the recent efforts of two thoughtful authors to improve financial reporting. Eccles and Krzus propose a principles-based 'comply or explain why not' approach to have integrated reporting adopted as the model for financial statements. This sensible and flexible approach is an idea worthy of serious consideration in the U.S. and the rest of the globe."
—Roel Campos, former Commissioner of the U.S. Securities and Exchange Commission
"As evident and straightforward as it may sound in terms of providing stakeholders–and the company–with the benefits of an informative overview of and entry into a company's reporting of financial and non financial issues, it is quite a journey to get to 'One Report.' But it is the only way. Eccles and Krzus's book is an inspirational and practical guide on how to get there."
—Mads Øvlisen, Chairman of The Danish Council on Corporate Social Responsibility and CEO of Novo Nordisk 1984–2000
Synopsis
One Report Integrated Reporting for a Sustainable Strategy
The recent financial meltdown and the cur- rent climate crisis make greater transparency through better corporate reporting a more urgent issue than ever. Best achieved by integrating required financial reporting with voluntary sustainability reporting, this practice is now being adopted by leading companies all over the world.
For companies that have truly embedded sustainability into their strategy and operations, integrated reporting is essential. One Report explains why integrated reporting is necessary for sustainable company strategies and a sustainable society, provides insights on how it can be done, and makes the case for it being adopted in every country in the world.
Required reading for executives, shareholders, other stakeholders, and government officials, One Report looks at:
- The state of financial and nonfinancial reporting today and why it is in a company's best interests to practice integrated reporting
- Companies that are currently practicing One Report, including the Dutch health care company Philips; the Danish pharmaceutical company Novo Nordisk; the Brazilian cosmetics and fragrances company Natura; and U.S.-based United Technologies Corporation
- How the Internet and Web 2.0 tools and technologies can be used to improve corporate reporting and dialogue and engagement with all stakeholders
- What must be done by companies, investors, governments, and civil society to accelerate the broad adoption of integrated reporting for a sustainable society
Integrated reporting is taking off.
Get One Report and get prepared to embrace transparency in a way that incorporates sustainability into your company's overall strategy. Our global society depends upon it.