- 94% of executives feel that it is important to be able to effectively explain value creation through their corporate reporting.
- Executives consider that the value creation discussion is most beneficial for investors (80%) and employees (68%). Customers (46%) and creditors (42%) are also seen as beneficiaries of the value creation discussion.
- The general view from executives is that their current focus for strategic planning is too short. The majority of executives are using a mid-term strategic planning horizon of 2-3 years. However, most executives would prefer to adopt a more long-term view of how their business operates through using planning horizons of 4-5 years and over.
- Although only a minority of executives agree that their current reporting fails to meet both their internal decision-making needs (25%) and external stakeholder information needs (12%), well over half believe that there is room for improvement.
- Executives are very positive about the potential benefits of bringing together financial and non-financial information, with very few feeling that there are no benefits.
- Awareness of <IR> in the business world is still developing, with 63% of executives acknowledging that they had heard of <IR>. Although awareness of <IR> is still moderate, the majority of executives see the potential of <IR> to deliver success for their business.
- Despite the acknowledgement of the benefits of <IR>, the vast majority of executives have not made any concrete plans to adopt <IR> within a given period of time. Of those who have, the majority intend to do so in the next 2-3 years.
- Read the CGMA briefing on Integrated Thinking to find out how Integrated Reporting can help your organisation make better decisions.
- The guide and toolkit Using integrated reporting to help create value and effectively tell the full story assist executives facilitate and lead a discussion within organisations and within boards on how integrated reporting can help their business.