| | |  | Business | Home » » » One Report: Integrated Reporting for a Sustainable Strategy | | | | | | | Description: | | Winner of the 2010 PROSE Award for Best Business, Finance, & Management Book!"One Report" refers to an emerging trend in business taking place throughout the world where companies are going beyond separate reports for financial and nonfinancial (e.g., corporate social responsibility or sustainability) results and integrating both into a single integrated report. At the same time, they are also leveraging the Internet to provide more detailed results to all of their stakeholders and for improving their level of dialogue and engagement with them. Providing best practice examples from companies around the world, One Report shows how integrated reporting adds tremendous value to the company and all of its stakeholders, including shareholders, and also ultimately contributes to a sustainable society. - Focuses on the emerging trend of integrated reporting as a top priority for companies, investors, regulators, auditors and civil society
- Provides compelling case studies from some of the world's leading companies doing integrated reporting
- Addresses how companies can move toward One Report and how it can become a keystone of a sustainable strategy for both the company and society
- Explains what others-such as analysts, shareholders, other stakeholders, auditors, regulators, legislators, and civil society-need to do to enable the rapid and broad adoption of One Report
Filled with case studies and the most current trends on integrated reporting, this book is an invaluable guidebook on the future of reporting and how this future can lead to a sustainable society. | | | Product Details: | | | Author:
| Robert G. Eccles | | Hardcover:
| 256 pages | | Publisher:
| Wiley | | Publication Date:
| March 08, 2010 | | Language:
| English | | ISBN:
| 0470587512 | | Product Length:
| 9.16 inches | | Product Width:
| 6.38 inches | | Product Height:
| 0.99 inches | | Product Weight:
| 0.95 pounds | | Package Length:
| 9.13 inches | | Package Width:
| 6.3 inches | | Package Height:
| 1.26 inches | | Package Weight:
| 0.97 pounds | | Average Customer Rating:
|  based on 15 reviews |
| | | | Customer Reviews: | |
Average Customer Review:
 ( 15 customer reviews )
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Most Helpful Customer Reviews
2 of 2 found the following review helpful:
One Report - Rare Insight into Integrated ReportingApr 08, 2010
By John Strauss
With One Report, Eccles and Krzus have established a synoptic platform for transparency in corporate reporting. Through numerous case studies and intuitive analysis, Eccles shows a commanding knowledge of the future of integrated reporting for the global market. Of particular interest is the concept of using social media/Web 2.0 tools to customize corporate reporting and engagement with shareholders. One Report is a must read for executives and shareholders of any major corporation.
1 of 1 found the following review helpful:
One ReportApr 08, 2010
By Ajinth Christudas
"Ajinth"
A great book that focuses on the essence of corporate reporting. In the current scenario were a lot of companies are showing weak financials and sometimes covering up a lot of facts. This book comes in as a welcome change and makes a strong case for corporate transparency. This book makes a strong argument for corporations to revamp their reporting for the sake of all the essential stakeholders associated with the firm.
A must read !!!
1 of 1 found the following review helpful:
One Report is a comprehensive manifesto for changeMar 17, 2010
By Mr. S. Selzer
"SS"
They employ most of us, they can easily annoy us and they have immense capacity to damage us and our world. They are unchecked. Companies, big and small, tell us very little about how they see their responsibilities to us both as shareholders or as citizens and what they are doing about them. But at least as shareholders we can see the static balance-sheet inspired reports and accounts and these give us some inkling as to how they will dispose of our funds and interests. On the greater matters of their physical and social impact there is usually virtual silence.
But this could all change, and for the better. Bob Eccles's One Report is a comprehensive manifesto for change. If his proposals are adopted companies of all sizes will have to measure their impact just as carefully as their cash-flow. His call is for integrated reporting on a dynamic basis using the power of the Internet to coalesce financial and nonfinancial reporting and to do so with great thoroughness across carbon, and ecosystem dimensions.
Some of the best companies already do this - Ricoh, Natura, Novo Nordisk and UTC. The transformation that Eccles calls for is fundamental - and it matters not just to eco-warriors but to all of us so that we know what is going on, on a systematic basis and can measure impacts almost as they happen and compel governments to listen and act. It is time for the regulators to wake up to the great lacunae that stretch like vast chasms over our corporate landscape and take action. Here is their bible.
1 of 1 found the following review helpful:
 Integrated Reporting - the time has comeMar 16, 2010
By Jean A. Rogers
"Cam Jam"
Eccles and Krusz advance the notion of integrated reporting in a way that illuminates the whole point of sustainability reporting- to have a clearer view of the environmental, social, and governance opportunities and risks facing companies today. Times have changed and finances are not the only thing that stakeholders and corporate managers need to understand in order to make decisions. Integrated reporting is a natural evolution of the idea that sustainability should be integrated into business strategy for it to be effective. The days of bolt-on CSR strategies are behind us, and hopefully the days of separate sustainabilty reports will quickly follow suit. One only hopes that the SEC will consider this approach and issue guidance regarding integrated ESG reporting to be conducted as part of the 10K filings. This could go a long way towards awareness and management of sustainability issues facing corporations in the US.
Integrated reporting has the potential to drive investment and spur competitiveness, on the dimensions of sustainability that really matter. While the book is excellent in terms of making the argument for integrated reporting, it is light on what should actually be in the condensed report, or how to figure that out. Materiality is central to determining this. Eccles and Krzus acknowledge that there is not even concensus on financial materiality, let alone non-financial materiality. This is too important a topic to leave to companies to figure out themselves. The holy grail is not integrated reporting- it is comparable reporting. In order to arrive at this, the SEC will need to issue guidance on materiality and/or a minimum set of KPIs to be reported by sector. This is what can take integrated reporting from a great idea to reality for all listed public companies in the US- with all the public and private benefits that will come from such an approach, as Eccles and Krzus argue so well.
1 of 1 found the following review helpful:
Getting Down to Basics--One ReportMar 15, 2010
By Leslie Gaines Ross
"Reputation Strategist"
After reading One Report by Harvard Business School professor Robert Eccles, I now see the future of corporate reporting. The idea behind One Report or Integrated Reporting makes commonsense. In this age of often nonsensical and diffuse communications, One Report goes along way in bringing us back to what should be the basics of reporting.
The idea is simple. Eccles argues for companies to produce a single annual report that includes both financial and nonfinancial (e.g., on corporate social responsibility and sustainability metrics) performance information and making that information easily accessible to stakeholders. The idea of taking advantage of Web 2.0 tools to allow the reader to integrate the information in the way they want and when they want it fits squarely with the times. Professor Eccles's argument that integrated reporting provides a way for shareholders, customers, employees, communities as well as analysts to engage with companies more effectively is a winning argument in this new age of transparency and open engagement.
The examples of forward-looking companies who integrate reporting are fascinating and make you leap for the keyboard to find the companies named and see how they are integrating all this information with the click of a mouse. For me, one of the best parts is reading why leaders choose to use this form of reporting and what they learned from the experience. The writing is clear, engaging, rich with detail and resources, and takes you through the history, momentum for this type of reporting, technological considerations and a call to action.
While relatively few companies around the world today are practicing integrated reporting according to Eccles, interest is growing and he points out that a number of trends are accelerating its interest and adoption. These include the convergence in accounting standards, increasing adoption of CSR/sustainability reporting (often using guidelines developed by the Global Reporting Initiative), concerns about climate change, systemic risk in the financial system, globalization and the ability of all stakeholders to leverage the Internet to obtain and share information independent of what the company is providing. The compelling argument for me is that in today's world, if a company isn't actively pulling together a coherent and integrated presentation of its strategy and results in both financial and nonfinancial terms, the story about it will be shaped by others. As Eccles says, here is an opportunity for companies and their CEOs to improve their reputations for transparency, openness, leadership and engagement by seriously employing this type of unified reporting.
A commitment to integrated reporting must come from the very top, such as the CEO or board. The idea doesn't have to originate there, but it will only work if the CEO and board visibly demonstrate in both words and deeds their commitment to integrated reporting. With that green light, a variety of groups within the company such as finance, investor relations, corporate communications, public relations, marketing, the CSR department (if a separate one exists) and key business units can get involved and move the initiative forward.
Given that business is in a state of enormous transition and change with (hopefully) many old ways of doing things being questioned and radically new approaches being considered, Eccles's One Report lays out a process that should be taken seriously because this is the wave of the future!
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