Aims and purpose
The purpose of this consolidated case study is to assist organizations who are interested in adopting the Connected Reporting Framework (CRF), by providing insight from practitioners who have used the framework for the first time. The case study highlights the main benefits arising from using the framework, as well as identifying some of the key challenges that participants have overcome.
The participants in this consolidated case study come from a wide range of industry and public sectors, but despite the diversity, the issues, benefits and challenges have tended to be consistent. In particular, participants noted the following.
They all had a strong desire to link sustainability reporting to financial and strategic reporting in a connected way.
They found that much of the data needed was already available and the additional time needed to collate it, compile and present the Report was relatively short.
They highlighted the identification of current cost savings as a key benefit. In addition they found linking reporting to strategy has heightened awareness of sustainability which has led to increased input of sustainability into the decision-making processes, this may also lead to reduced cost.
They generally noted that sustainability awareness increased as a result of adopting the CRF, both internally at Board and operational level, and externally with investors and customers.
They wished to see continued development on the CRF’s scope of reporting to include other areas of non-financial reporting and a wider concept of sustainability than just environmental matters, as well as enhancing its guidance over the linkage to overall strategy.
Click here for the report: Connected Reporting in practice – A Consolidated Case Study May 2009