Forbes: In praise of ExxonMobil’s reporting transparency

Posted
22 March, 2018

“My colleague and co-author, Mike Krzus, and I have just published a paper titled “Constructing ExxonMobil’s 2016 Integrated Report: An Experiment.” In it we describe how we constructed a 2016 integrated report for ExxonMobil based on documents the company has put in the public domain. This was an experiment. When we started it, we had no idea whether we’d be successful. Would there be enough information? There was. Could we do it in a reasonable period of time? It took Mike about 40 hours to do this. Below I’ll describe the construction process in more detail, the structure of the report, and the lessons learned. The reason we did this was to address concerns in the corporate community about the perceived complexity, cost, and litigation risk from integrated reporting. According to the International Integrated Reporting Council (IIRC), an integrated report is “a concise communication about how an organization’s strategy, governance, performance and prospects lead to the creation of value over the short, medium and long term.”

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