One Report : Integrated Reporting for a Sustainable Strategy

by Eccles, Robert G.; Krzus, Michael P.; Tapscott, Don

• ISBN13: 9780470587515
• ISBN10: 0470587512
• Format: Hardcover
• Copyright: 2010-03-08
• Publisher: Wiley

Summary

The purpose of this book will first be to provide readers with an understanding of how current trends are converging into a mandate for greater transparency. It will then provide best practice examples, including international companies, for how some companies are increasing transparency in a way that increases their value to stakeholders and becomes a tool to execute strategy. It is written at a high level, targeted to managers, executives, and consultants.

Author Biography

Robert G. Eccles joined the faculty of the Harvard Business School in 1979 and received tenure in 1989, leaving in 1993 to work in the private sector. He rejoined the faculty in September of 2007. He has co-written two previous books on improving corporate reporting: The ValueReporting Revolution: Moving Beyond the Earnings Game and Building Public Trust: The Future of Corporate Reporting.

Michael P. Krzus is a partner with Grant Thornton LLP in its Public Policy and External Affairs Group. He is Grant Thornton's global expert on improving corporate reporting and has represented his firm in U.S. and international business reporting initiatives. He is a member of the AICPA Assurance Services Executive Committee.

Table of Contents

Foreword	p. ix
Acknowledgments	p. xv
Introduction	p. 1
Notes	p. 7
What Is One Report?	p. 9
The Meaning of One Report	p. 10
Novo Nordisk: An Early Adopter of One Report	p. 11
Rhetoric and Design in Natura's 2008 Annual Report	p. 14
The Urgent Need for One Report	p. 22
Notes	p. 26
United Technologies Corporation's First Integrated Report	p. 29
UTC's First One Report	p. 31
A Brief History of Corporate Reporting at UTC	p. 34
More on the 2008 Report	p. 43
UTC's Half Century of Corporate Reporting	p. 46
Notes	p. 47
The State of Financial Reporting Today	p. 51
Background on Financial Reporting	p. 54
Complexity	p. 56
Extensible Business Reporting Language (XBRL)	p. 67
Auditing	p. 70
Notes	p. 74
The State of Nonfinancial Reporting Today	p. 79
A Typology of Nonfinancial Information	p. 81
Intangible Assets	p. 84
Key Performance Indicators	p. 89
Environmental, Social, and Governance Metrics	p. 93
Assurance on Nonfinancial Information	p. 104
Notes	p. 109
Sustainable Strategies for a Sustainable Society	p. 115
Sustainability at Ricoh	p. 117
Corporate Social Responsibility	p. 123
Sustainability	p. 129
Sustainable Competitive Advantage	p. 131
Sustainable Strategies Require Integrated Reporting	p. 133
Corporate Reporting at Ricoh	p. 135
Notes	p. 138
It's Time for One Report	p. 145
The Case for One Report	p. 146
One Report for a Sustainable Strategy for a Sustainable Society	p. 155
The Time is Now	p. 161
Objections to One Report	p. 170
The Bottom Line	p. 176
Notes	p. 176
The Internet and Integrated Reporting	p. 181
A Web-Based Perspective on One Report	p. 185
The Essential Elements of Web-Based Integrated Reporting	p. 191
Web 3.0 and Integrated Reporting	p. 203
Notes	p. 205
Integrated Reporting for a Sustainable Society	p. 207
Companies Must Take Responsibility	p. 208
Innovation	p. 211
Support from the Investment Community	p. 212
Development of Standards	p. 216
Legislation and Regulation	p. 219
Support from Civil Society	p. 222
Notes	p. 224
Companies and Organizations with URLs	p. 229
Acronyms	p. 231
Index	p. 233
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