Over 70 percent of Australia’s largest listed organisations and many large scale non-listed organisations are now focusing their reporting on long term value through using at least some of the principles of integrated reporting, a new KPMG survey of the ASX 200 has found. This is up from 48 percent a year ago, and shows a critical mass has now been reached in Australia. Organisations are using the principles of ‘integrated reporting’ <IR> to help them better communicate their business and how they create value for their shareholders, customers, employees, regulators and other key stakeholders.
KPMG’s sixth annual survey of corporate reporting trends in Australia, covering reports to 30 June 2019, includes interviews with directors and senior executives from organisations such as AGL, ANZ, Dexus, Lendlease and Transurban as well as Cbus, Australia Post and Deakin University, who are at different stages in their integrated reporting journeys. These business leaders highlight why and how they got started, the key benefits achieved to date and feedback received from investors and other stakeholders.
We encourage organisations to continue to improve the quality of their reporting and move towards adopting the principles of integrated reporting to provide more meaningful corporate reporting and better information to support internal business and investment decision-making.
KPMG Report Benchmarker is our new digital tool which uses the research undertaken by Deakin University and KPMG for this publication to assess the quality of an organisation's primary report to shareholders, excluding the financial statements, against ASX200 reporting and the principles of integrated reporting.
The benchmarking report shows how well your organisation’s primary report compares with the best in class and ASX200 overall average for key reporting attributes at a sector and market capitalisation level, as well as for a selected group of ASX200 companies.
Report Benchmarker is available for organisations of all types and sizes who would value their primary report to shareholders (or key stakeholders) being benchmarked against the ASX200.
Visit reportbenchmarker.kpmg.com.au for further information.