The TCFD recommendations: a missed opportunity for harmonisation?

by Carol A Adams The Task Force on Climate-related Financial Disclosures (hereafter Task Force) was established by the Financial Stability Board (FSB), an international body that monitors the global financial system. Chaired by Michael Bloomberg the UN Secretary-General’s Special Envoy for Cities and Climate Change, it published recommendations in December 2016. The purpose of the […]

“93% agree that corporate reporting is critical to capturing the value creation story”

by Carol Adams Breakfast session on the second day of the ICGN-IIRC conference and I was looking forward to some deep insights on ‘How the c-suite sees long-term value creation’.  The discussion started with the highlights of some AICPA-CIMA-Black Sun-IIRC research presented in a stiff fold up brochure with lots of white space and big […]

Banks’ non-financial reporting compared: Which one would you work for? Or buy shares in?

By Carol Adams As non-financial reporting increases in volume and importance to a range of stakeholders, it becomes an important part of any Corporate Reporting course.  Approx. 260 MSc Finance and MSc Accounting students at Durham University Business School were asked to review the non-financial reporting of three banks, HSBC, RBS Group and Standard Bank […]

Cbus superannuation fund: Annual Integrated Report 2016

By Carol A Adams Cbus superannuation fund (known as a pension fund in some countries) has just released its Annual Integrated Report 2016. The report is Cbus’s second attempt at integrated reporting and the first in which it has referred to the report as an ‘integrated report’. The 2016 report provides a clearer articulation of […]

The SDGs, corporate strategy and corporate reporting

by Carol A Adams Following the adoption of the Sustainable Development Goals (SDGs) by Governments in late 2015[1] a number of companies have been thinking about how to incorporate them into their integrated reports and strategies. Novo Nordisk, an award winning integrated reporter, was one of the first to comment on the relationships between the […]

Exploring the implications of integrated reporting for social investment (disclosures)

by Carol A. Adams, Brad Potter Prakash J. Singh and Jodi York The purpose of this study is to examine the evolution of corporate reporting on social investment activities in the context of a global move toward integrated reporting approaches. The paper adopts both a conceptual and content analysis approach to examining the reports of four multi-national corporations – […]

Panel discussion on assurance of sustainability and integrated reports at the GRI conference

The title given by the GRI for this discussion was ‘Assurance trends – improving the quality of sustainability data’. But when I’m reading a corporate report, whilst I expect the data to be accurate, its the quality of the internal control, management and governance processes that matter most to me. I doubt I’d find anybody […]

The changing portrayal of the employment of women in British banks’ and retail companies’ corporate annual reports

by Carol A Adams and George Harte This paper examines disclosure with respect to gender and employment in the corporate annual reports of major British banking and retail companies during the period 1935-1993. Setting the disclosures in the social, political and economic context of six distinct periods, the authors suggest that the position of women […]

The future of corporate reporting, the Sustainable Development Goals and capital markets

In this video Paul Druckman talks about the future of corporate reporting and accounting for sustainable development. He discusses the need to incorporate the Sustainable Development Goals into the thinking of capital markets. He argues for increased take up of integrated reporting and the need for convergence across the various standard and guideline setters. Whilst […]

Better corporate reporting: challenging credibility

In this interview Paul Druckman talks about the role of corporate reporting in providing information to investors, the role of Stewardship Codes and pension funds in creating a shift and the role of regulators in encouraging better corporate reporting. He discusses the challenges concerned with increasing the credibility of integrated reports. This is the fourth in […]