integrated reporting sophie heighway nia evans - sanford alison howard - deloitte @sustbusiness /...
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Integrated reporting
Sophie HeighwayNia Evans - SanfordAlison Howard - Deloitte@sustbusiness / #ProjectNZ
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Three Questions:•Where have we come from?•Who's reporting and why?•Where are we heading?
@sustbusiness / #ProjectNZ
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@sustbusiness / #ProjectNZ
Where have we come from?•Data > Materiality > Value•More story telling •From dumping to engaging
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@sustbusiness / #ProjectNZ
Who's reporting and why?
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Where are we heading?•Concise and focussed•Stakeholder participation •Story telling•Technology •Integration@sustbusiness / #ProjectNZ
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OUR RECIPE FOR
BEAUTIFUL-NEW ZEALAND –
SEAFOOD
@sustbusiness / #ProjectNZ
Sanford LimitedNia Evans03 September 2015
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@sustbusiness / #ProjectNZ
We are a food company – serving beautiful New Zealand
seafood to thousands around the world everyday
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@sustbusiness / #ProjectNZ
FinancialFinancial Non-financialNon-financial
Our First Integrated Report
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@sustbusiness / #ProjectNZ
14 years of reporting (at the time, 1 for me…)
Big Shoes to Fill…
New standards:
•Global Reporting Initiative (GRI) G4
•Integrated Reporting <IR>
Our Reporting Story
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@sustbusiness / #ProjectNZ
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@sustbusiness / #ProjectNZ
Stage 1 – Sharing the Vision
Leading the way
A tougher crowd
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@sustbusiness / #ProjectNZ
Stage 2 – What is our desired state?
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@sustbusiness / #ProjectNZ
Stage 3 - Identifying our Capitals
<IR> Capitals
Financial capitalShareholder investments through Economic performance
Manufactured capitalEfficient Farms, Vessels, Factories and Freight
Intellectual capitalQuota Management, R&D Capability
Human capitalStrong Governance, Management structure, Our people
Social and relationship capitalConsumer relations, Market access
Natural capitalHealthy ecosystems, sustainable raw materials
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@sustbusiness / #ProjectNZ
Stage 4 – Our process of creating value
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@sustbusiness / #ProjectNZ
The Challenge
BUSINESS MODELBUSINESS MODEL
VALUE CREATIONVALUE CREATION THE THE STORYSTORY
INTEGRATED REPORTINGINTEGRATED REPORTING
RISK MANAGEMENTRISK MANAGEMENT
STAKEHOLDER STAKEHOLDER ENGAGEMENTENGAGEMENT
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@sustbusiness / #ProjectNZ
Stage 5 – Identifying the report structure
Option 1) STRATEGY DRIVEN Option 2) ENABLER DRIVEN
1. Strategy 1
2. What is ‘material’ that affects the strategy:
3. Which enablers support this element of our strategy
1. Enabler 1
2. What is ‘material’ that affects the enabler:
3. How does the results affect our strategic goal?
Problem:•All enablers linked to the strategy
•All material topics had a potential risk to the strategy
Problem:•Visually showing the connection to the strategy
•Some material topics cross various enablers
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@sustbusiness / #ProjectNZ
Stage 6: The outcome
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@sustbusiness / #ProjectNZ
With a few simple stepsStep 1: Staff Engagement, who needs to be involved
Step 2: Our current state to our desired state (1 report to 2)
Step 3: Identifying our Capitals
Step 4: Identifying our value creation process using our business model
Step 5: Identify the report structure
Step 6: Tell the story
Step 7: Assurance
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@sustbusiness / #ProjectNZ
“Faith is taking the first step even when you don't see the whole staircase” - Martin Luther King, Jr.
Taking the leap of faith
“If the fire is in your belly, you can achieve anything” – Volker Kuntzsch, Sanford CEO