Sustainability Accounting Tema Peran Profesi Akuntan untuk Memastikan

Sustainability Accounting

Tema Peran Profesi Akuntan untuk Memastikan Sustainability Accounting Practice Efektif dan Berkesinambungan dalam turbulensi ekonomi global. Sustainability is a strategy by which communities seek economic development approaches that also benefit the local environment and quality of life. Turbulence is the entire process of economic change uncertainty that increased risk, chaos

Turbulence Yesterday’s economic model and company • Economic model was based on two assumption that: • There were limitless resources in nature and that planet earth had an infinite capacity to absorb waste take – make – waste • Company focus on single bottom line, focus on shareholder, FR prepare for investment analyst Current Economic models • 21 st Megatrends driver: global financial crisis, climate crisis, ecological overshoot, greater expectations from stakeholder, population growth cannot carry on business as usual and have to learn to make more with less

Component Market Value Ref: Governance is King Marvin E King SC, presentation

Sustainability • Is a process of achieving human development • Contributed through effective management of social, economic and environment benefits • Global driver of sustainability: – – Increasing Industrialization Interconnection of Civil Stakeholders Emerging Technology Effects of Globalization- poverty, inequity, population explosion • Triple Bottom Line ( TBL) = Profit, People, Planet – An expanded spectrum of values and criteria for measuring organizational and societal success – economic, environmental, social. – In the private sector, a commitment to CSR implies a commitment to some form of TBL reporting.

What is the King? Profit ? Cash Governance?

Entity Reporting Financial Statement Annual Report Sustainability Reporting Integrated Reporting

Financial Statement Use a global accounting standard : IFRS • Fair value • Principles based • More disclosure Focus on economic substance Main fundamental characteristic • Relevance • Representational faitfullness

Discussion New Issue in Financial Statement Comprehensive income • Item not to be reclassified to profit or loss in subsequent periods • Revaluation asset • Remeasurement of net defined benefit liability actuaria gain or loss • Item to be reclassified to profit or loss in subsequent periods • Unrealized gain or loss on available for sale securities • Translation gain or loss • Gain or lass on Cash flow hedging Fair value • • Financial instrument PSAK 50, 55, 6060 Property plant and equipment, property investment – option PSAK 16, 13 Impairment of asset PSAK 48 Agriculture PSAK 69 Economic Substance • Consolidation PSAK 65 • Joint Arrangement PSAK 66

PT PERTAMINA (PERSERO) DAN ENTITAS ANAK LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN KONSOLIDASIAN Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2015 (Dinyatakan dalam ribuan Dolar Amerika Serikat, kecuali dinyatakan lain)

Annual Report (Bapepam X. K. 6) Financial and non Financial Information • • Summary of financial information Board of Commissioner report Board of Director report Company Profile Management Discussion and Analysis Corporate Governance Audited Financial Statement Summary of Financial Information • • Sales, profit Asset, working capital, investment. Liability and equity Financial projection sales and profit Ratio profitability, liquidity, solvabilty Corporate governance • Board of commissioner, board of directors, audit committee, other committee, internal control, risk, CSR activities and expense, litigation

Sustainability Reporting – TBL Concept • Expanding the traditional reporting framework • Take into account environmental and social performance in addition to financial performance. • Company's responsibility to 'stakeholders' rather than shareholders. TBL Definition • “At its narrowest TBL reporting is a framework for measuring and reporting corporate (organizational) performance against economic, social and environmental parameters” www. sustainability. com • A move from one dimensional economic reporting to three dimensional economic, social and environmental reporting

Sustainability Reporting – TBL Economic • Generally Accepted Accounting Principles • Customers • Suppliers • Employees Social • • • Bribery and corruption Political contributions Child labor Security practices Indigenous rights Training and diversity Environmental • • Energy Water Biodiversity Emissions, effluents, and waste

Sustainability Reporting • TBL accomplished Through the application of what is called the Global Reporting Initiative 2002 or GRI and is defined as “a common framework for sustainability reporting. • Started in 1997 by the Coalition for Environmentally Responsible Economies and the United Nation • GRI became independent in 2002, and is an official collaborating centre of the United Nations Environment Programme (UNEP) and works in cooperation with UN Secretary-General Kofi Annan’s Global Compact.

Global Reporting Initiative (GRI) • The Global Reporting Initiative attempts to make the Triple Bottom Line operational • VISION – The Global Reporting Initiative’s (GRI) vision is that reporting on economic, environmental, and social performance by all organizations becomes as routine and comparable as financial reporting. – GRI accomplishes this vision by developing, continually improving, and building capacity around the use of its Sustainability Reporting Framework. • TBL reporting enables organizations to: – Measure and manage their financial and non-financial performance and impacts, or lack thereof – Have their performance and impacts verified independently – Communicate effectively with consumers, governments, investors, employees, other stakeholders and watchdog groups “You cannot talk about CSR unless you love your people and your country”

G 4 PEDOMAN PELAPORAN KEBERLANJUTAN PRINSIP-PRINSIP PELAPORAN • Prinsip-prinsip untuk Menentukan Konten Laporan • Prinsip-prinsip untuk Menentukan Kualitas Laporan Pengungkapan Standar Umum • Strategi dan Analisis • Profil Organisasi • Aspek Material dan Boundary Teridentifikasi • Hubungan dengan Pemangku Kepentingan • Profil Laporan • Tata Kelola • Etika dan Integritas

G 4 PEDOMAN PELAPORAN KEBERLANJUTAN Pengungkapan Standar Khusus • Panduan untuk Pengungkapan Pendekatan Manajemen • Panduan untuk Indikator dan Pengungkapan Spesifik • Kategori: Ekonomi • Kategori: Lingkungan • Kategori: Sosial • Sub-Kategori: Praktik Ketenagakerjaan dan Kenyamanan Bekerja • Sub-Kategori: Hak Asasi Manusia • Sub-Kategori: Masyarakat • Sub-Kategori: Tanggung Jawab atas Produk

G 4 Prinsip Menentukan Konten Laporan PELIBATAN PEMANGKU KEPENTINGAN • Prinsip: Organisasi harus mengidentifikasi para pemangku kepentingannya, dan menjelaskan bagaimana organisasi telah menanggapi harapan dan kepentingan wajar dari mereka. KONTEKS KEBERLANJUTAN • Prinsip: Laporan harus menyajikan kinerja organisasi dalam konteks keberlanjutan yang lebih luas. MATERIALITAS • Principle: Laporan harus mencakup Aspek yang: • Mencerminkan dampak ekonomi, lingkungan, dan sosial yang signifikan dari organisasi; atau • Secara substantial memengaruhi asesmen dan keputusan pemangku kepentingan

G 4 Prinsip Menentukan Kualitas Laporan - 1 KESEIMBANGAN • Prinsip: Laporan harus mencerminkan aspek-aspek positif dan negatif dari kinerja organisasi untuk memungkinkan dilakukannya asesmen yang beralasan atas kinerja organisasi secara keseluruhan. KOMPARABILITIAS • Prinsip: Organisasi harus memilih, mengumpulkan, dan melaporkan informasi secara konsisten. Informasi yang dilaporkan harus disajikan dengan cara yang memungkinkan para pemangku kepentingan menganalisis perubahan kinerja organisasi dari waktu ke waktu, dan yang dapat mendukung analisis relatif terhadap organisasi lain.

G 4 Prinsip Menentukan Kualitas Laporan - 2 AKURASI • Prinsip: Informasi yang dilaporkan harus cukup akurat dan terperinci bagi para pemangku kepentingan untuk dapat menilai kinerja organisasi. KETEPATAN WAKTU • Prinsip: Organisasi harus membuat laporan dengan jadwal yang teratur sehingga informasi tersedia tepat waktu bagi para pemangku kepentingan untuk membuat keputusan yang tepat.

G 4 Prinsip Menentukan Kualitas Laporan - 3 KEJELASAN • Prinsip: Organisasi harus membuat informasi tersedia dengan cara yang dapat dimengerti dan dapat diakses oleh pemangku kepentingan yang menggunakan laporan. KEANDALAN • Prinsip: Organisasi harus mengumpulkan, mencatat, menyusun, menganalisis, dan mengungkapkan informasi serta proses yang digunakan untuk menyiapkan laporan agar dapat diuji, dan hal itu akan menentukan kualitas serta materialitas informasi

G 4 Pengungkapan Standar Umum - 1

G 4 Pengungkapan Standar Umum -2

G 4 Pengungkapan Standar Khusus - 1

G 4 Pengungkapan Standar Khusus - 2

G 4 Pengungkapan Standar Khusus - 3

G 4 Pengungkapan Standar Khusus - 4

SR – Ilustration ANTAM

Integrated Reporting • International Integrated Reporting Council Regulators Standard setters Investors Companies Accounting NGOs Chair: Prof Mervyn King CEO: Paul Druckman Reff: Slide by International Integrated Reporting Council

IIRC Our long-term vision is a world in which integrated thinking is embedded within mainstream business practice in the public and private sectors, facilitated by <IR> as the corporate reporting norm. The cycle of integrated thinking and reporting, resulting in efficient and productive capital allocation, will act as forces for financial stability and sustainability. Reff: Slide by International Integrated Reporting Council

Integrated Reporting • The macro perspective: • Financial stability • Sustainability • In practical terms: • Concise communication of value – more than financial capital • Focus on strategy and future orientation • Reduce volume • Promote connectivity of information Reff: Slide by International Integrated Reporting Council

Annual Report Volume Prudential annual report pages - 1850 -2008 400 350 'Front end' pages 'Back end' pages 300 250 200 150 100 50 60 19 65 19 70 19 75 19 80 19 85 19 90 19 95 20 00 20 05 20 08 55 19 50 19 45 19 40 19 35 19 30 19 19 25 20 19 15 19 19 10 05 19 00 19 95 19 90 18 85 18 80 18 75 18 70 18 65 18 60 18 18 55 18 18 50 0 Source: Investis Research Reff: Slide by International Integrated Reporting Council

Reporting Missmatch Reporting content STRATEGIC ISSUES FORECASTS / PLANS Business value STRATEGY AND GOVERNANCE IMPLEMENTATION PLANS PAST PERFORMANCE BUSINESS AS USUAL Reff: Slide by International Integrated Reporting Council

Why should you care about <IR>? 1. Communicating vs. Complying 2. Reporting the Intangibles 3. Breaking Down Silos 4. Increasing Transparency Bob Laux Senior Director of Financial Accounting and Reporting Microsoft Corporation AICPA Insights Article Reff: Slide by International Integrated Reporting Council

The benefit of giving the full story Pw. C took two reports to two teams at Schroders Investment Management House. 1 st team studied Coloplast’s ‘full report’ 2 nd team studied a stripped version ‘financial report’ Conclusion: “ There is a competition for capital out there – every company needs to question whether its corporate reporting is positioning them for success” Reff: Slide by International Integrated Reporting Council Source: Pw. C

<IR>: A new focus concise communication about value Financial reporting strategy, governance, performance, prospects Reff: Slide by International Integrated Reporting Council Other reporting

What is <IR>? integrated thinking Integrated Reporting integrated report Reff: Slide by International Integrated Reporting Council

<IR> aims to: Efficient and productive allocation of capital Cohesive and efficient approach to corporate reporting Support integrated thinking Enhance accountability Reff: Slide by International Integrated Reporting Council

The Framework: Core features Fundamental Concepts Guiding Principles Content Elements • Value Creation for the organization and for others • The Capitals • The Value Creation Process Reff: Slide by International Integrated Reporting Council

The Framework: Fundamental Concepts Reff: Slide by International Integrated Reporting Council

6 capitals with different combinations and connectivity Reff: Slide by International Integrated Reporting Council

The Framework: Fundamental Concepts The Value Creation Process

The Framework: Guiding Principles • Strategic focus and future orientation • Connectivity of information Underpins preparation • Stakeholder relationships Informs content • Materiality Presentation of information • Conciseness Judgement is needed • Reliability and completeness • Consistency and comparability Reff: Slide by International Integrated Reporting Council

The Framework: Content elements • Organizational overview and external environment Questions to be answered • Governance • Business model Unique story • Risk and opportunities Connections apparent • Strategy and resource allocation Not a set sequence Not isolated, standalone sections • Performance • Outlook • Basis for preparation and presentation • General reporting guidance Reff: Slide by International Integrated Reporting Council

The Framework journey so far… Discussion Paper Prototype Framework Background Papers for <IR> Emerging <IR> Database IIRC Pilot Programme Yearbooks Basis for Conclusions Building the Business Case for <IR> Summary of Significant Issues Reff: Slide by International Integrated Reporting Council

The Framework journey ahead Discussion Paper • Framework Development Prototype Framework • Guidance and Practice • Thought leadership Background Papers for <IR> Emerging <IR> Database IIRC Pilot Programme Yearbooks Basis for Conclusions Summary of Building the Business Case for <IR> Significant Issues Reff: Slide by International Integrated Reporting Council • Academic community • Databases • Evidence Base

ORGANIZATIONAL OVERVIEW AND EXTERNAL ENVIRONMENT

The Go-Ahead Group plc Annual Report and Accounts 2012

GOVERNANCE

Marks & Spencer Group plc Annual Report and Financial Statements 2013

BUSINESS MODEL

Lawson, Inc. Integrated Report 2013

Sasol annual integrated report 2013

The Crown Estate Integrated Annual Report and Accounts 2013

Votorantim link <IR> to their Report 2012

RISK AND OPPORTUNITY

Schiphol Annual Report 2012

STRATEGY

New Zealand Post Group Annual Review 2013 To build a sustainable physical network that offers the flexibility to align to changes in demand (New Zealand Post Group Limited Statement of Corporate Intent 2012 -2015) To develop and deliver, in an economic and sustainable way, a good customer experience, by providing effective products and services. (New Zealand Post Group Limited Statement of Corporate Intent 2012 -2015) To ensure long-term value creation for the Group through the further development and growth in Kiwibank. (New Zealand Post Group Limited Statement of Corporate Intent 2012 -2015) To ensure the internal structure, process and frameworks in operation at the New Zealand Post Group are positioned to offer the most efficient and profitable outcome for the Group (New Zealand Post Group Limited Statement of Corporate Intent 2012 -2015) To ensure that our people have the skills and capabilities they require to succeed, and to create a culture in the organisation that enables and encourages our people to strive for great customer outcomes (New Zealand Post Group Limited Statement of Corporate Intent 2012 -2015) To create a range of digital services to meet changing customer needs. (New Zealand Post Group Limited Statement of Corporate Intent 2012 -2015)

Gold Fields Integrated Annual Review 2012

PERFORMANCE

Stockland Annual Review 2012

Nedbank Group Integrated Report 2012

OUTLOOK

ARM Holdings plc Annual Report & Accounts 2012

Novo-Nordisk Annual Report 2012

Resources www. theiirc. org Emerging <IR> Database IIRC Pilot Programme Yearbooks

Akuntan TERIMA KASIH Profesi untuk Mengabdi pada Negeri Dwi Martani 081318227080 martani@ui. ac. id atau dwimartani@yahoo. com http: //staff. blog. ui. ac. id/martani/