Category: value

Climate change disclosure is part of the fundamental short-termism problem

The following is an extract, to which I contributed, from the Network for Sustainable Financial Markets’ submission to the public consultation on the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations.  The full response can be found here. Dominance of short-term thinking in the financial system and society has created a dysfunctional “tragedy of the […]

Monetising the non-financial

This article was first published on Market Mogul  Who realised that non-financial performance could excite such passion?   But this article posted in May, drew the biggest response to anything I have written online.  And largely about one topic; monetisation of the non-financial.  It is the idea that converting non-financial factors and inputting to financial analysis […]

Value and a new disclosure paradigm

I was rapporteur for the session on ESG disclosure at the European Commission’s 2010 Multistakeholder Forum on CSR.   The Forum was a watershed.  It saw the agenda move on from the entrenched debate between mandatory and voluntary corporate Environmental, Social and Governance (ESG) disclosure. The debate was now framed in terms of – my shorthand […]

IIRC’s 6 Capitals model and common ancestry

It was in a discussion with Paul Druckman, CEO of the International Integrated Reporting Council (IIRC), last week that I experienced something of an epiphany.   I now finally understood the IIRC’s 6 Capitals model and, as a result, realised I had probably written the first integrated report aligned with the capitals concept……..in 2006. The 6 […]

What are the parameters of non-financial performance?

  This article first appeared on Market Mogul on April 1. I am currently working on a response to the European Commission’s consultation on ‘Non-binding guidelines for reporting of non-financial information by companies’.  The regulation is in place and now the Commission seeks guidance for enabling compliance by the estimated 6,000 listed companies across the […]

When the numbers don’t add up

First published on Market Mogul – December 10 Without mathematics, there’s nothing you can do. Everything around you is mathematics. Everything around you is numbers. Shakuntala Devi (1929-2013)   The worlds of business, finance, investment and accounting are governed by numbers.  Business and investment cases, investment models and algorithms, accounting standards and conventions, they’re all about […]