In implementing its ‘Think Forward Initiative’, “ING has teamed up with businesses and experts in order to research how customers make decisions about money” (p. 14). In so doing, the key opportunities and risks related to the material topics (customer centricity, economic contribution, fair operating practices, stakeholder engagement, human capital) that can affect the ability…
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Risks and opportunities
Coca-Cola Hellenic’s (CCH’s) 2016 Integrated Report publishes a thorough and unique discussion which combines the <IR> Framework’s guiding principle of ‘materiality’ with the content element of ‘risks and opportunities’. Summary narrative succinctly discusses the potential impacts that CCH’s material issues and risks could have on the company’s value creation prospects, before the section delves further…
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Risks and opportunities
As aligned with the need to recognize “the specific risks and opportunities that affect the organization’s ability to create value over the short, medium and long term, and how is the organization dealing with them” (International <IR> Framework, para. 4.23) in its 2016 Annual Report Novo Nordisk clearly identifies the main risks that have affected…
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Risks and opportunities
Gecina’s 2015 Integrated Report discusses five individual macro-market-trends in terms of both risks and opportunities, thereby showing compliance with 4.23 of the International <IR> Framework. Each is given a paragraph on ‘risks’ associated with the trend, a paragraph on the ‘opportunities’ arising from the trend and several data points which quantify certain aspects of the…
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Risks and opportunities
Compliant with 4.24 of the International <IR> Framework, the ‘risk management and principal risks’ section of Diageo’s 2016 Integrated Report identifies the organization’s key risks and includes information on how these may impact the availability of capital. ‘How we mitigate’ bullet-point discussions outline how Diageo is dealing with each risk (4.23 of the International <IR>…
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Risks and opportunities
The report offers a comprehensive overview of where the organization wants to go and how it intends to get there (International <IR> Framework, 4E). In particular, it clearly and concisely describes, through the use of tables, and connects, through narrative, the main risks that could affect the organization’s ability to create value in the short-,…
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Risks and opportunities
The report clearly and effectively summarizes, through the use of charts, the main risks that could affect the value creation ability of the organization in the short-, medium- and long-term (International <IR> Framework, para. 4.23). First, aligned with the Content Element “Risks and opportunities” (International <IR> Framework, 4D, para. 4.25), an overview of the “Likelihood…
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Risks and opportunities
In the “Governance and Risk Management” section (pp. 27-32) the Report identifies the three main categories of risks that are considered to be relevant to the organization’s business, namely “macroeconomic risks”, “legal and regulatory risks”, and “risks associated with our business”. For each category more specific risks are then concisely illustrated through narrative, especially the…
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Risks and opportunities
In order to “show a holistic picture of the combination, interrelatedness and dependencies between the factors that affect the organization’s ability to create value over time” (International <IR> Framework, para. 3.6), JLL concisely describes both through narratives and a table which are the mega trends that can impact upon its business sustainability not only in…
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Risks and opportunities
Iberdrola’s renewables section opens by covering the regulatory environments material to the organisation. Each of the regions Iberdrola operates in are discussed separately; a technique which is carried throughout the ‘Primary Businesses’ section. The section addresses the question posed in paragraph 4.23 of the International <IR> Framework by outlining the specific risks that affect Iberdrola’s…