In this FIBS Practice training you will
- Get an inspiring introduction to how your organization could develop with a more integrated thinking and management
- Hear from an organisation that is actively applying the <IR> framework
- Participate in an interactive exercise in which you get a chance to map your processes and link them to integrated thinking and management
- Share and learn by others’ successes and failures
- Save time (and money) by learning about implementing integrated thinking, management and reporting in a more efficient way
People, relations, nature, technology, and other non-financial aspects have a fundamental impact on business performance. In this training series we will explore how decision making and reporting can be improved through integrated thinking and management, and through a more integrated reporting.
Integrated thinking is a multi-capital management approach that enables organizations to deliver their purpose to the benefit of their key stakeholders overtime, and hereby ensuring and sustaining business success. It is about creating and preserving value and enabling better decision-making based on interconnected, multi-capital information. At the core of this is the Integrated Value Creation model.
In order to bridge the gap between financial and non-financial capital, the International Federation of Accountants (IFAC), the Global Reporting Initiative (GRI) and others formed the International Integrated Reporting Council and developed the Integrated Reporting framework <IR>. The framework helps companies and other organisation taking all types of capital into account, not only financial (e.g. natural, human and manufactured capital).
Integrated reporting is a process founded on integrated thinking that results in a periodic integrated report by an organization about value creation over time and related communications regarding aspects of value creation.
Join this highly interactive and inspiring training facilitated by FIBS Partner Enact, <IR> certified partner, to implement integrated thinking in a more efficient way through lessons learned from others and reduced cost for external consultations.
Program
10.00 Welcome and introduction, FIBS & Enact
Integrated Reporting <IR> framework development
Quick overview of some of the development that has happened in or near the field of integrated thinking, management and reporting <IR>
Sharing positions
Exchange between participants on where they are, where they want to go and their drivers and blockers – and what has happened since last meeting. Voluntary mapping of positions on a shared map (that can be used to track progress.)
A closer look at the capitals: Natural capital
A brief introduction to natural capital, some examples of how other organisations are working with it and quick interaction on what it means to the participating organisations.
Integrated management – key elements and examples
Introduction to some key elements of integrated management and a few examples of how other organisations are applying integrated management.
Learning from others I: Integrated management
On-line session on integrated management with an organisation that is actively applying the <IR> framework. Presentation and Q&A with the presenting organisation and Enact.
Lunch
Integrated management in practice
Mapping key processes and linking to integrated thinking and management. Interactive exercise.
Putting integrated management to work
Some recommendations in terms of how to introduce integrated management and how to apply it over time.
Learning from others II: Convincing about <IR>
On-line session with an organisation that has overcome internal resistance and convinced internally about the benefits of <IR> Presentation and Q&A with the presenting organisation and Enact.
Closing
16.00 The event ends
For whom
- Strategic decision makers in the company, involved in agenda setting and business planning as well as in decisions regarding the company’s financial and non-financial reporting
- Operational decision makers directly engaged in the implementation of a more integrated business thinking and management, and a more integrated reporting of financials and non-financials.
- FIBS Pro members
- Limited number of seats, maximum of 2 persons per company
Practicalities
- Participants work together in a defined one-year journey towards integrated thinking and integrated management, as outlined in the Integrated Reporting <IR> framework. The workshops take place three times in 2021
- In order to make the most out of this training series, we recommend you attend all three training sessions. Please note that you need to register for each training session separately:
- 15.4. Integrated thinking – how does it work?
- 8.9. Integrated management – From models to action
- 15.12. Integrated reporting – Good and bad approaches
- We aim to move back to the face to face events during the fall 2021. We will confirm the way of organizing the event 2 weeks before the event.
Participation fees
The event is included in FIBS Pro membership fee.
Further information
FIBS’ team, 040 865 1285, fibs(at)fibsry.fi
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