During this event, Bernd Kasemir walked through the basics of Integrated Reporting, highlighting the current landscape both globally and in the US. Kasemir also touched on a brief history of Integrated Reporting, drawing facts from the International Integrated Reporting Council (IIRC). He outlined the ways in which integrated management and Integrated Reporting walk hand-in-hand, and elaborated upon the BrownFlynn/Sustainserv approach to Integrated Reporting and long-term strategic management. In particular, Kasemir described how the best entry point depends on each company’s trajectory.
Bernd Kasemir: “Integrated Reporting and Integrated Management are flip sides of the same coin. From which side you start your journey towards an integrated approach to business success depends on what fits best for your company. As long as you strategically address financial and pre-financial aspects of your business together, you’ll improve your ability to create value in the long term.”
Mike Krzus’ white paper, “Integrated Reporting for a Long-term Strategy” highlights key Integrated Reporting concepts. It is available from the IIRC website under Training and Resources.
Mike Krzus dove into the purpose, mission, and vision for companies and Integrated Reporting—describing the competitive advantage of using innovation and materiality to build strategic, long-term management approaches and goals that couple sustainability and the capitals of Integrated Reporting as KPIs. Krzus handed off the presentation to Kasemir, who went through a specific example of an Integrated Report put together by Sustainserv: Clariant’s first Integrated Report 2016. Clariant, a multinational specialty chemicals company, released this report in February of 2017, and it demonstrates the key business model put forth by Integrated Reporting.
Clariant’s Business Model. Accessed from Clariant’s Integrated Report 2016.