This course is centred around the drivers of Enterprise Value creation and changes required to business decision making and reporting. We will discuss the importance of Intangible value drivers, including material ESG (Environmental, Social and Governance) matters to Enterprise value as well as the Integrated Reporting <IR> Framework’s growing importance to responsible business decision making and transparent reporting on Enterprise Value creation for the short, medium and long term.
ESG reporting is gaining momentum from the investment community to demand businesses to act with a purpose and invest in a sustainable future. While Integrated Reporting is not only an improved way for organisations to report on their performance and future prospects to investors and other key stakeholders, it provides the framework for improved decision-making and Integrated Thinking towards more sustainable value creation. This results in business decisions that best utilise all available resources and relationships (not just financial resources, but also their staff, intellectual property, environmental, and supplier and customer relationships) and drive long-term Enterprise Value creation.
This course is co-delivered by UNSW professors and a practicing KPMG director, specialising in ESG, broader sustainability and Integrated Reporting and is designed to be highly interactive with many illustrations and real business case studies.
Topics include: The drivers of change in business reporting including: the impact of the recent establishment of the International Sustainability Standards Board by the IFRS Foundation at COP26 (Glasgow 2021); growing importance of ESG and Integrated Reporting to enhance trust and transparency in external reporting; creating value over time through the application of Integrated Thinking; design and implementation of an internal integrated management system geared to support Enterprise value management rather than traditional financial management; and finally considering how organisations ensure that the information in these broader Extended External Reports (EER) (e.g. integrated and ESG reports) are credible and can be relied upon be investors and other stakeholders when making their investment/other decisions.
