This annual report is also the first in which we have incorporated some of the principles of Integrated Reporting (IR).
Integrated reporting encourages an organisation to think about what value it creates for its clients, stakeholders and society at large, and how it does so. Because the concept of “value” in integrated reporting is more far reaching than short-term outputs and more long term than financial performance, we believe it is an ideal way to present a not-for-profit organisation based on humanitarian values such as SSI.
This report is not a full integrated report. However, it incorporates some of the key IR concepts. We’ve included a graphic on below which shows our value creation process, starting with inputs, or value drivers.
Integrated reporting divides inputs and delivered value into categories which are called ‘capitals’.
While up to six capitals can be used, we believe our main inputs in IR terms are financial capital, human capital and intellectual capital. We consider that most of the value we create is captured by our Outcomes Framework. We have shown this on the far right of the graphic capitals. This year we have not expressed our outcomes in terms of capitals.
Also as part of our journey towards full integrated reporting, this FY2020 annual report includes an examination of material factors in the external environment (p13-15); an assessment of the future with regard to materiality (p16); and a stakeholder analysis (p12).
Individual programs are discussed under the Outcome Framework category to which they are most relevant.