Money is a means of expressing value, but it isn't a complete expression of value by itself and it isn't the only way to express value. If we know someone's net worth at the time they die, we can not tell how valuable their life was. The same is true for companies. The financial bottom line tells us something about value creation, but the financial bottom line is not the whole story. The Art of Value is about getting to the root of how companies create a better world, making value visible. … Continue..
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The proposed integrated reporting mandate in the EU includes reporting on diversity policies. This portion of the draft legislation is both broad and vague, and it is the one requirement that I have real reservations about. Reporting for the sake of ticking boxes is always a bad idea. The … [Read More...]
Several years ago, at the Corporate Register Reporting Awards, I participated in a public debate about whether companies report non-financial information that investors want and need. I noted that investors don't really know what they want companies to report; they don't REALLY know what they are … [Read More...]
GRI’s new version of its sustainability reporting framework, G4, launches later today. I met with other members of GRI’s stakeholder council in Amsterdam yesterday to reflect on the process and the final product. The document is still embargoed at this hour so it isn’t fair to go into any … [Read More...]
The European Commission has come out with a proposal to require large EU companies report on social and environmental issues in annual financial reports. While requirements for such reporting already existed, they were sufficiently vague enough that it is believed less than 10% of European … [Read More...]
GRI and the International Integrated Reporting Council (IIRC) signed a new memorandum of understanding this week, with GRI effectively recommitting to integrated reporting. This is important because there have been doubts about GRI’s comfort with the direction of integrated reporting. One of … [Read More...]