Tests for society's resilience: pandemics, climate risks, economic and racial inequality. The challenges have increased in recent times and impose innovative ways of operating. As a result, companies are increasingly adapting to integrate promised stakeholder outcomes into their business models. In response, many corporate leaders are redirecting the company's purpose. The world's largest investors, including State Street, Blackrock, and Vanguard, already publicly endorse the importance of sustainability. The investors themselves launched Climate Action 100+ in 2017, an initiative to ensure that the world's 167 largest greenhouse gas-emitting companies take the necessary steps to combat climate change. Those who fail to comply will lose rivers of money.
Once organizations commit to clear ESG goals they need to report on their activities, measure and report practices to stakeholders in a consistent manner, incorporating governance into corporate decision making.
Shareholders, investors, companies, employees, management and other stakeholders, including NGOs and regulators, have expressed the need for convergence of environmental, social and governance (ESG) reporting standards. One of the most effective strategies to incorporate them into organizational culture is the Integrated Report, a concise document about a corporation's goals, governance, performance, and prospects in the context of its external environment, taking into account short-, medium-, and long-term value creation.
Integrated Reporting aims:
- Improve the quality of information available to leaders, staff, investors allowing a more efficient and productive allocation of capital;
- Improve accountability and management of the comprehensive capital base (intellectual, human, social, financial, and natural);
- Support the integration of purpose, decision-making, and actions that focus on value creation.
It should be noted that integrated reporting exists to highlight the corporation's ability to meet the legitimate interests of key stakeholders, to match its business model and strategy to its external environment, risks, and opportunities. Such reporting should be done with clarity and transparency, explaining the activities, performance, and impacts of operations.
ASPECTS COVERED IN THE INTEGRATED REPORTS:
- PURPOSE,
- STRATEGIES,
- CULTURE AND VALUES,
- FIDUCIARY DUTIES,
- COMPOSITION AND EFFECTIVENESS OF THE BOARD,
- STAKEHOLDER ENGAGEMENT,
- SHAREHOLDER ENGAGEMENT /
- INVESTORS,
- INCENTIVES,
- KPIS ESG,
- TRANSPARENCY
- COMPLIANCE.
Make no mistake: successful companies communicate well, are proactive in engaging investors and other stakeholders, have forward-looking boards, and transformative reporting.
For 20 years transforming lives, promoting sustainable development through innovative projects and solutions. Since its foundation, NTICS Projects has developed more than 1,000 projects, impacting about 10 million people, always with the priority of promoting SDG 4 (Quality Education). And we want more! Our ambition is to take innovative and sustainable projects to more than 3.7 million children and adolescents (10% of students enrolled in public education in Brazil) by 2030.
All the projects are digital, which allows teachers and students anywhere in the world to access and download all the material already produced and apply it, becoming multiplying agents.
