Companies and organizations that aim to operate in a truly sustainable manner, need to implement, execute and monitor a sustainable strategy. As sustainability revolves around increasing positive and decreasing negative impact on issues such as the environment, people and society, it requires more than just financial indicators. Which strategic goals do you have? Do they contribute to the impact you want to make? Which indicators should you consider? How do you monitor these indicators? And how do you know that you are on the right track and meeting your stakeholders’ needs? This is all part of Integrated Reporting.
Companies and organizations are dealing with a broad group of stakeholders - for example investors, clients, current and future employees and regulators - who expect that they play a positive part in solving societal issues and are able to show that they do so. Furthermore, there is a growing group of purpose-driven organizations, that are intrinsically motivated to contribute to their environment. Integrated reporting helps all these organizations to figure out their value creation process and make it the core of the organisation. In doing so, it greatly enhances the relevance and comprehensibility of internal and external information. Integrated Reporting fits seamlessly with integration of the United Nations Sustainable Development Goals in organizational strategy.
We have extensive experience helping clients set up their external Integrated Report and internal Integrated Management Dashboard. In addition, we as PwC have a great deal of experience with the topic ourselves. As one of the pioneers in the Netherlands, we published our own Integrated Report for the first time in 2013. Our Executive Board has been using an Integrated Dashboard with financial and pre-financial information for a number of years.
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