{"id":9397,"date":"2019-10-30T10:58:52","date_gmt":"2019-10-30T10:58:52","guid":{"rendered":"https:\/\/www.openbusinesscouncil.org\/?p=9397"},"modified":"2019-10-30T10:59:29","modified_gmt":"2019-10-30T10:59:29","slug":"deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/","title":{"rendered":"Deloitte’s Annual Report Insigths: Almost Half Of Companies Value Success Factors Beyond Profit"},"content":{"rendered":"
\"Deloitte's
Deloitte’s Annual Report Insigths: Almost Half Of Companies Value Success Factors Beyond Profit<\/figcaption><\/figure>\n

More companies than ever are setting out their company purpose in their annual report, according to new analysis from Deloitte.<\/p>\n

Deloitte\u2019s\u00a0Annual Report Insights<\/a>, which analyses 100 year-end reports across the FTSE, found that almost half (46%) set out values beyond making profit for shareholders, up from 32% in 2018. These companies describe their purpose as going beyond financial drivers to incorporate other factors, such as their environmental and societal impact.<\/p>\n

Over half (57%) of the companies surveyed referred explicitly to \u2018climate change\u2019, despite only seven naming it within their principal risks.<\/p>\n

Veronica Poole, Global IFRS leader and UK head of corporate reporting at Deloitte UK, said: \u201cBusinesses are facing increased scrutiny of their impact on people and the planet. The expectation of business is changing, and the licence to operate can no longer be taken for granted.<\/em><\/p>\n

\u201cClimate change is likely to have a profound impact on business and on us as individuals; it will lead to significant market corrections and changes in the coming years. Failure by business to respond to the risks has significant implications, such as disruption to supply chains, loss of asset values and market dislocation.\u201d<\/em><\/p>\n

One of the biggest changes to requirements this reporting period is the introduction of the \u2018section 172 statement\u2019. As of 1 January 2019, all large UK companies<\/a> must set out how directors have promoted the long-term success of the company whilst having regard to the impact on a broad group of stakeholders such as employees, customers, suppliers, the environment and community. The report found that 31% of companies were already referring to \u2018section 172\u2019, while 97% identified stakeholders other than investors.<\/p>\n

Unsurprisingly, Brexit featured heavily in risk concerns, with 86% of companies discussing it in their risk reporting. The most common concern was the broader macroeconomic impact of the UK leaving the EU<\/a> (mentioned by 62%), although 29% of those discussing it concluded that Brexit was not a principal risk. Despite Brexit, the most commonly identified principal risk was cybercrime (71%).<\/p>\n

Of those surveyed, 39% disclosed gender diversity in the executive committee and their direct reports, in line with the Hampton-Alexander review\u2019s expectations. This has more than doubled from last year (15%), and half of FTSE 350 companies surveyed now meet the requirement.<\/p>\n

Poole concludes: \u201cLooking ahead, next year should see a substantially higher number of companies disclosing these gender diversity figures as this becomes a requirement of the UK Corporate Governance Code.<\/em><\/p>\n

\u201cIn addition, IFRS 16 will become effective for most of the companies surveyed in the next reporting season. Last year, only three companies had adopted the standard early.\u201d<\/em><\/p>\n

Encouragingly, 67% had quantified its expected impact \u2013 a significant improvement on the previous year\u2019s eight.<\/p>\n","protected":false},"excerpt":{"rendered":"

More companies than ever are setting out their company purpose in their annual report, according to new analysis from Deloitte. Deloitte\u2019s\u00a0Annual Report Insights, which analyses 100 year-end reports across the FTSE, found that almost half (46%) set out values beyond making profit for shareholders, up from 32% in 2018. These companies describe their purpose as […]<\/p>\n","protected":false},"author":7,"featured_media":9398,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":""},"categories":[3585,3666],"tags":[3468],"acf":[],"yoast_head":"\nDeloitte's Annual Report Insigths: Almost Half Of Companies Value Success Factors Beyond Profit - OpenBusinessCouncil Directory<\/title>\n<meta name=\"description\" content=\"More companies than ever are setting out their company purpose in their annual report, according to new analysis from Deloitte\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Deloitte's Annual Report Insigths: Almost Half Of Companies Value Success Factors Beyond Profit\" \/>\n<meta property=\"og:description\" content=\"More companies than ever are setting out their company purpose in their annual report, according to new analysis from Deloitte\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/\" \/>\n<meta property=\"og:site_name\" content=\"OpenBusinessCouncil Directory\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-30T10:58:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-10-30T10:59:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.footballthink.com\/wp-content\/uploads\/2019\/10\/companies.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"655\" \/>\n\t<meta property=\"og:image:height\" content=\"395\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hernaldo Turrillo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hernaldo Turrillo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/\"},\"author\":{\"name\":\"Hernaldo Turrillo\",\"@id\":\"https:\/\/www.footballthink.com\/#\/schema\/person\/b9610afd0759dc701187a7f622375c23\"},\"headline\":\"Deloitte’s Annual Report Insigths: Almost Half Of Companies Value Success Factors Beyond Profit\",\"datePublished\":\"2019-10-30T10:58:52+00:00\",\"dateModified\":\"2019-10-30T10:59:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/\"},\"wordCount\":463,\"publisher\":{\"@id\":\"https:\/\/www.footballthink.com\/#organization\"},\"keywords\":[\"business\"],\"articleSection\":[\"Business Resources\",\"Entrepreneurship\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/\",\"url\":\"https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/\",\"name\":\"Deloitte's Annual Report Insigths: Almost Half Of Companies Value Success Factors Beyond Profit - OpenBusinessCouncil Directory\",\"isPartOf\":{\"@id\":\"https:\/\/www.footballthink.com\/#website\"},\"datePublished\":\"2019-10-30T10:58:52+00:00\",\"dateModified\":\"2019-10-30T10:59:29+00:00\",\"description\":\"More companies than ever are setting out their company purpose in their annual report, according to new analysis from Deloitte\",\"breadcrumb\":{\"@id\":\"https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.footballthink.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Deloitte’s Annual Report Insigths: Almost Half Of Companies Value Success Factors Beyond Profit\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.footballthink.com\/#website\",\"url\":\"https:\/\/www.footballthink.com\/\",\"name\":\"OpenBusinessCouncil Directory\",\"description\":\"Openbusinesscouncil\",\"publisher\":{\"@id\":\"https:\/\/www.footballthink.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.footballthink.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Organization\",\"Place\"],\"@id\":\"https:\/\/www.footballthink.com\/#organization\",\"name\":\"openbusinesscounsil\",\"url\":\"https:\/\/www.footballthink.com\/\",\"sameAs\":[],\"logo\":{\"@id\":\"https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/#local-main-organization-logo\"},\"image\":{\"@id\":\"https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/#local-main-organization-logo\"},\"openingHoursSpecification\":[{\"@type\":\"OpeningHoursSpecification\",\"dayOfWeek\":[\"Monday\",\"Tuesday\",\"Wednesday\",\"Thursday\",\"Friday\",\"Saturday\",\"Sunday\"],\"opens\":\"09:00\",\"closes\":\"17:00\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.footballthink.com\/#\/schema\/person\/b9610afd0759dc701187a7f622375c23\",\"name\":\"Hernaldo Turrillo\",\"description\":\"Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.\",\"url\":\"https:\/\/www.footballthink.com\/author\/hturrillo\/\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/#local-main-organization-logo\",\"url\":\"https:\/\/www.footballthink.com\/wp-content\/uploads\/2017\/04\/logo_big.png\",\"contentUrl\":\"https:\/\/www.footballthink.com\/wp-content\/uploads\/2017\/04\/logo_big.png\",\"width\":1161,\"height\":250,\"caption\":\"openbusinesscounsil\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Deloitte's Annual Report Insigths: Almost Half Of Companies Value Success Factors Beyond Profit - OpenBusinessCouncil Directory","description":"More companies than ever are setting out their company purpose in their annual report, according to new analysis from Deloitte","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/","og_locale":"en_US","og_type":"article","og_title":"Deloitte's Annual Report Insigths: Almost Half Of Companies Value Success Factors Beyond Profit","og_description":"More companies than ever are setting out their company purpose in their annual report, according to new analysis from Deloitte","og_url":"https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/","og_site_name":"OpenBusinessCouncil Directory","article_published_time":"2019-10-30T10:58:52+00:00","article_modified_time":"2019-10-30T10:59:29+00:00","og_image":[{"width":655,"height":395,"url":"https:\/\/www.footballthink.com\/wp-content\/uploads\/2019\/10\/companies.jpg","type":"image\/jpeg"}],"author":"Hernaldo Turrillo","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Hernaldo Turrillo","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/#article","isPartOf":{"@id":"https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/"},"author":{"name":"Hernaldo Turrillo","@id":"https:\/\/www.footballthink.com\/#\/schema\/person\/b9610afd0759dc701187a7f622375c23"},"headline":"Deloitte’s Annual Report Insigths: Almost Half Of Companies Value Success Factors Beyond Profit","datePublished":"2019-10-30T10:58:52+00:00","dateModified":"2019-10-30T10:59:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/"},"wordCount":463,"publisher":{"@id":"https:\/\/www.footballthink.com\/#organization"},"keywords":["business"],"articleSection":["Business Resources","Entrepreneurship"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/","url":"https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/","name":"Deloitte's Annual Report Insigths: Almost Half Of Companies Value Success Factors Beyond Profit - OpenBusinessCouncil Directory","isPartOf":{"@id":"https:\/\/www.footballthink.com\/#website"},"datePublished":"2019-10-30T10:58:52+00:00","dateModified":"2019-10-30T10:59:29+00:00","description":"More companies than ever are setting out their company purpose in their annual report, according to new analysis from Deloitte","breadcrumb":{"@id":"https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.footballthink.com\/"},{"@type":"ListItem","position":2,"name":"Deloitte’s Annual Report Insigths: Almost Half Of Companies Value Success Factors Beyond Profit"}]},{"@type":"WebSite","@id":"https:\/\/www.footballthink.com\/#website","url":"https:\/\/www.footballthink.com\/","name":"OpenBusinessCouncil Directory","description":"Openbusinesscouncil","publisher":{"@id":"https:\/\/www.footballthink.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.footballthink.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":["Organization","Place"],"@id":"https:\/\/www.footballthink.com\/#organization","name":"openbusinesscounsil","url":"https:\/\/www.footballthink.com\/","sameAs":[],"logo":{"@id":"https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/#local-main-organization-logo"},"image":{"@id":"https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/#local-main-organization-logo"},"openingHoursSpecification":[{"@type":"OpeningHoursSpecification","dayOfWeek":["Monday","Tuesday","Wednesday","Thursday","Friday","Saturday","Sunday"],"opens":"09:00","closes":"17:00"}]},{"@type":"Person","@id":"https:\/\/www.footballthink.com\/#\/schema\/person\/b9610afd0759dc701187a7f622375c23","name":"Hernaldo Turrillo","description":"Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.","url":"https:\/\/www.footballthink.com\/author\/hturrillo\/"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.footballthink.com\/deloittes-annual-report-insigths-almost-half-of-companies-value-success-factors-beyond-profit\/#local-main-organization-logo","url":"https:\/\/www.footballthink.com\/wp-content\/uploads\/2017\/04\/logo_big.png","contentUrl":"https:\/\/www.footballthink.com\/wp-content\/uploads\/2017\/04\/logo_big.png","width":1161,"height":250,"caption":"openbusinesscounsil"}]}},"_links":{"self":[{"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/posts\/9397"}],"collection":[{"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/comments?post=9397"}],"version-history":[{"count":2,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/posts\/9397\/revisions"}],"predecessor-version":[{"id":9400,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/posts\/9397\/revisions\/9400"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/media\/9398"}],"wp:attachment":[{"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/media?parent=9397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/categories?post=9397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/tags?post=9397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}