A New Vision of Value
This report – the follow-up to the 2012 report Expect the Unexpected – explores the increasing connections between corporate and societal value creation.
Externalities have been largely excluded from the measurement of corporate value because, historically, they have had little or no impact on cash flows or risk profiles. However, economic, social and environmental megaforces are transforming the operating landscape for business. As a result new regulations, growing stakeholder influence and changing market dynamics are driving the internalisation of business externalities at an increasing rate. Externalities are now part of every company’s value creation story.
The essentials of materiality assessment
Identifying the most material sustainability issues to be addressed in sustainability reporting is a challenge that many encounter. The principles of materiality are often understood in theory however designing and implementing a robust process can be challenging in practice. This guide aims to provide a materiality assessment process that is effective yet not overly complex.
Detailed and practical guidance for each phase of this process has been outlined in the guide.