Integrated Reporting

About

Integrated Reporting is the latest tool available to organisations to demonstrate their sustainability, enabling audiences to gain a holistic view of their performance. As an advocate of your organisation’s sustainability, it is crucial for you to understand IR and how it is likely to shape reporting in the future.

 

With this in mind, Conferenz invites you to the Integrated Reporting Masterclass. Featuring international keynotes, local case studies input from leading consultants, this event provides you with the chance to gain insight into the development of IR both in New Zealand and throughout the world, as well as explore issues in sustainability such as:

 

  • How to embed sustainability in organisational culture and communicate it to various audiences
  • The pros and cons of sustainability reporting vs. IR
  • The local sustainability landscape – the incentives and barriers to sustainability reporting, and ensuring comparability.



Agenda

Agenda: Day 1

8.30

Registration & Coffee

9.00

Opening remarks from the Chair

9.10

International keynote address: Shaping the future of business reporting

Established in 2010, the International Integrated Reporting Committee is charged with the development of a global integrated reporting model which identifies the economic, environmental, social and governance factors of material significance to an organisation. We open the conference with an insight into the organisation leading the charge and the progress made to attain this goal.
• The role of the IIRC and IR adoption trends world wide
• What does integration really mean?
• Developing guidelines: The IR framework and pilot study

Nick Ridehalgh, Member, IIRC

10.00

Q&A with the IIRC

Your chance to put your questions to the IIRC and find out how the aforementioned developments may affect New Zealand business.

Nick Ridehalgh, Member, IIRC

10.20

Morning tea

10.40

The role of IR

Financial reporting is well established, well understood, and has often been subject to external scrutiny. IR is often anything but. This requires the integration of data spread across location, hierarchy, systems and disciplines. Aside from being a potentially difficult task in and of itself, this often includes data spread across the value chain previously not subjected to scrutiny, which can be considered from a variety of aspects. The principles of IR mean that dealing with this becomes a necessity. This session examines the opportunities and challenges for reporters under IR and how to begin to bring new and old information requirements together.
• Frameworks
• Data and all that
• The role of the sustainability team and traditional finance teams
• Telling the overall story

Brett Tomkins, Partner, Deloitte

11.20

The other side of the coin: Non-financial reporting strategies

How do you report on environmental, social and governance outcomes? For the sake of consistency and comprehension, it is important that such information is subject to reporting guidelines, just like its financial counterpart. Calum Revfem takes you through the most recognised standards used for ESG reporting, comparing the merits and shortcomings of each.
• The Global Reporting Initiative (GRI)
• UN Principles for Responsible Investment, UN Global Compact,
ISO 26000 and how they interact with GRI
• The advantages of non-financial reporting systems
• Areas of conflict which need to be addressed

Calum Revfem, Managing Director, Envirostate

12.00

Lunch

12.50

Panel discussion: A critical analysis of IR

Here our panellists play devil’s advocate and cast a critical eye on IR whilst discussing what it will take to raise the bar of business reporting and reap the benefits it promises.
• Is there a business case for IR?
• Not just the shiny new toy: The importance of true transparency and accountability
• Best practice reporting: Setting the standards for assurance, stakeholder inclusion, material sustainability issues and targets
• Addressing the finance dominated mindset

Dr Charl de Villiers, Professor of Accounting, University of Waikato
Caroline Bridges, Senior tutor – Department of Accounting & Finance, University of Auckland
Dr Helen Tregidga, Senior Lecturer – Accounting, AUT

1.40

Case Study: Embedding sustainability into organisational culture

Hear from Belinda van Eyndhoven as she shows you how sustainability permeates everything in Beca, including:
• The sustainable business model
• Securing employee commitment
• Sustainability in your business: What can you learn from us?

Belinda van Eyndhoven, Senior Sustainability Advisor, Beca NZ

2.20

Afternoon tea

2.40

Charting the course from sustainability to IR

Carol Bellette uses Landcare Research’s journey towards IR as a base to explore:
• The landscape of NZ sustainability reporting
• Incentives and barriers to the adoption of sustainability
• Enabling comparability: Moving towards common BPIs
• The next step: Drivers and likely candidates for IR in New Zealand

Carol Bellette, CFO, Landcare Research
Presentation co-authored by Cerasela Stancu, Senior Advisor, Landcare Research

3.30

Masterclass: Developing the business case for Integrated Reporting

Whilst leadership teams see and acknowledge the benefits of integrated reporting, most are in need of concrete data in order to justify the decision to invest in such a concept. Thus building a comprehensive business case to secure that commitment is a major challenge for IR advocates. This masterclass looks at how you can collate the data, present the hard facts and strengthen the appeal of IR for your executives.
• The sustainability = efficiency mindset
• Acknowledging the ROI mode of thinking
• Stay in business spend vs. incremental spend
• Talking business: Securing and interpreting hard data to support you

Jamie Sinclair, Director – Sustainability Advisory Services, KPMG

5.00

End of Day One and networking drinks

Agenda: Day 2

9.00

Welcome back from the Chair

9.05

International Keynote: Sustainability reporting versus IR - the pros, cons & transition

In this session, Jo Cain draws upon her experience in sustainability and IR to give you an insider’s perspective of the pros and cons of each form of reporting, as well as looking at some of the challenges that can arise for businesses when transitioning to IR and how these can be negotiated.
• You’ve made the decision, so where do you start?
• IR = Integrated strategy
• Lessons learnt and how you can apply these to your own IR efforts

Jo Cain, Business Director - Sustainability, Beca Australia

9.55

Panel discussion: Should IR be mandatory practice in New Zealand?

The benefits of practicing IR include greater transparency and accountability, enhanced cost savings and utilisation of an additional lens with which to critique business performance. Does this mean that New Zealand should look to enforce this practice through legislation? Join our panel as they address this question and others such as:
• Will legislation encourage quality IR?
• What are the potential advantages and obstacles such a move would face?
• Is IR the only way to accomplish these business goals?

Mark Hucklesby, National Technical Director, Grant Thornton
Jo Cain, Business Director - Sustainability, Beca Australia

10.45

Exploring the impact of IR on investment analysis

A key driver in the trend towards IR is the belief that environmental, social and governance information is held in high regard by potential shareholders. In this session Craig Weise discusses whether IR contributes positively to investment assessments.
• IR, information symmetry and risk: What is the investment relationship?
• Getting inside their head: The psychographics of today’s investors.
• IR in context of the NZ capital markets landscape: Promise vs. practice.

Craig Weise, Director, Armillary Private Capital

11.25

Morning tea

11.45

Case study: Our foray into IR

Sarah Holden shares her and IAG’s experiences of how they have developed their IR methods as a result of GRI experience, stakeholder feedback and internal alignment.
• The rationale for implementing IR at IAG
• An evolutionary output: The basis of IAG’s IR
• Evaluation: Future plans for reporting

Sarah Holden, Sustainability Mananger, IAG NZ

12.15

Masterclass: Best practice IR

This masterclass is your chance to learn what best practice IR looks like and how you can apply this to how you identify your sustainability.
• Where to start: What you need to think about before you put pen to paper
• Making sense: Incorporating sustainability in a logical manner
• What integration looks like on paper: What share/stakeholders want vs what companies need to do
• Having substance: Defining material significance and target metrics and giving them value.
• Managing the risks of metrics: The impact of semi or uncontrollable factors
• Innovative problem solving: How do you address issues previously unidentified in traditional reports?

Alec Tang, Senior Sustainability & Climate Change Consultant, Environmental Resources Management

1.15

Lunch

2.00

Australia’s carbon tax vs. New Zealand’s ETS: A comparison

No matter where you mention sustainability, the first thing that will come to mind is Carbon emissions – the most publicised aspect of environmentally conscious business practice. The pressure to reduce emissions is evident in actions such as Australia’s Clean Energy Bill, passed by the Senate in November 2011. This controversial Bill requires the nation’s major polluters to purchase permits for every metric tonne of carbon pollution produced. In this session Lisa Daniell discusses the implications of this legislation on our Trans-Tasman relationships and evaluates the merits of the Bill compared to our ETS.

Lisa Daniell, Senior Associate, ChanceryGreen

2.40

Clarifying scope 3 emissions reporting

Most organisations complying with New Zealand’s ETS experience difficulty when deciding what emissions should be included under their Scope 3 reporting. Here Gael Ogilvie sheds some light on how you can develop consistency in what is included in your reports.
• Why should you report on Scope 3 emissions?
• Step by step: Walking you through a reporting model

Gael Ogilvie, Senior Principal, URS New Zealand

3.20

Afternoon tea

3.40

The next step: Communicating your sustainability

There is no point in creating an integrated report if your audience either doesn’t know about it or is unable to interpret it. In this session, Alison Howard examines what you can do to get your message out there and how to make the most of every communication channel.
• Ensuring investor comprehension: Using language which is appropriate for your audience
• Fair treatment of information: Acknowledging the significance of non-financial information
• Wanting to know more: How to get the message across without producing conflicting information
• Love me for my faults: The effect of greater transparency on reporting faults

Alison Howard, Sustainability Performance Manager, Meridian Energy

Sponsors/Partners

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