King III Practice Note on Integrated Report
On 12 April 2012 the Institute of Directors of Southern Africa (IoDSA) released the Practice Note on Integrated Reporting King III Chapter 9: The Integrated Report. The purpose of the practice note is to clarify the linkages and different purpose of King III and the international and local guidelines on integrated reporting. To read the practice note click here>>
To read the media release click here>>
IR Research in SA
Deloitte has released a research report covering a survey and discussion on South African listed companies integrated reports from June to September 2011. The research report also covers developing trends. Read more>>
Supply chain – free sustainability tool
Managing the conduct of suppliers is an important element of corporate reputation. Multi-national company Procter & Gamble uses its Supply Chain Environmental Sustainability Scorecard to track improvement on its key partner-related environmental sustainability measures. P&G has now made its sustainability scorecard (an Excel-based tool) freely available for any company to use. To download and Read more >>
Economic invisibility
The economic invisibility of nature was the theme for the 2011 Forum of The Prince’s Accounting for Sustainability Project (A4S). The excellent presentations by His Royal Highness The Prince of Wales, renowned investment manager Jeremy Grantham, and Puma’s Jochen Zeitz are available on the A4S website>>
Hot IR topics in SA
The differences between the Discussion Papers of the IRC of South Africa and the IIRC, financial information included in an integrated report, defining materiality, assurance, and other topical issues are covered in the December issue of SAICA’s ASA magazine. To download the issue click here >>
21 issues for the 21st century
A new report from UNEP identifies the most important emerging issues related to the global environment. The issues range from boosting urban sustainability and resilience, to reconnecting science and policy, to managing the impact of glacier retreat, to the changing frequency of extreme weather events. To read the report >>
Road to integrated reporting
KPMG has issued a new booklet on integrated reporting. The booklet covers the questions commonly asked about integrated reporting, the business case for reporting, and includes the South African experience of integrated reporting. Read more>>
Proposed Carbon Tax for South Africa
A revised policy paper on carbon tax will be released in 2012 for a second round of public comment and consultation. This was announced by the Finance Minister during his Budget Speech on 22 February 2012. Read more>>
Investors lead the way
On September 20, 2011, an investor-led coalition with $1.6 trillion in assets called on United Nations' member states to require both listed and large unlisted companies to integrate sustainability information with their annual reports or explain why not. Aviva Investors' CEO Paul Abberley announced a "call to action" at the UN Private Sector Forum on Sustainable Energy for All, held alongside the General Assembly. To read the media release Click here >>
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Report environmental transgressions in South Africa to the Green Scorpions on 0800 205 005
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Need info on sustainability issues and research in SA?
The South African Risk and Vulnerability Atlas offers an up-to-date electronic database and information system. The site consolidates the latest research findings in aspects such as water, forests and biodiversity, as well as social dimensions like human health. The site is continuously updated with new national and international research. The site is the brainchild of the Department of Science & Technology - they hope it will bridge the divide between scientists and policy makers and business decision-makers. >>Read more
Investor Demand for Environmental, Social, and Governance Disclosures
The Professional Accountants in Business (PAIB) Committee of the International Federation of Accountants (IFAC) has published Investor Demand for Environmental, Social, and Governance Disclosures: Implication for Professional Accountants in Business. The report considers trends in investor demand for and use of environmental, social, and governance (ESG) information, and recommends how professional accountants can better support their organizations in responding to these demands, and ultimately improve the management and reporting of ESG performance. >> Read more
KPMG International Corporate Responsibility Reporting Survey 2011
The KPMG International Corporate Responsibility Reporting Survey 2011 confirms that corporate responsibility (CR) reporting has become the de facto law for business. It also highlights how companies are increasingly realizing that CR reporting is about more than just being a good corporate citizen; it drives innovation and promotes learning, which helps companies grow their business and increase their organization's value. >> Read more
Who does what in sustainability reporting
For a comprehensive list of the voluntary and mandatory sustainability reporting guidelines in over 30 countries, take a look at KPMG’s latest “Carrots and Sticks” report. The report also covers international and national assurance standards. It outlines future trends in sustainability reporting, one of which is the move to integrated reporting.
>>Click here
Excellence in Corporate Reporting Awards 2011
Ernst & Young released the results of its annual awards in September 2011. The annual reports of South Africa’s top 100 companies and top 10 state-owned entities were rated on a mark plan that includes non-financial disclosures. To read the survey results click here >>
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