Grant Thornton is one of the world’s leading organisations of independent assurance, tax and advisory firms; helping dynamic organisations unlock their potential for growth by providing meaningful, forward looking advice. More than 38,000 Grant Thornton people, across over 100 countries, are focused on making a difference to clients, colleagues and the communities in which we live and work. The UK Grant Thornton member firm provides services to over 40,000 privately held businesses, public interest entities an individuals. It is led by more than 185 partners and employs nearly 5,000 of the professions brightest minds.
Today the business environment is being shaped by three fundamental challenges: sustainability, transparency, and employee or consumer engagement. Integrated Reporting provides a framework for management decision making that addresses these challenges and facilitates stakeholder communications. Grant Thornton is adopting the principles of Integrated Reporting and this year’s Annual Review represents a first public step in the evolution of this process. The six capitals of integrated reporting have become six capabilities and connections and the business model has become a shared enterprise model. Enterprise model innovation is key to future growth and sustainability and the role Grant Thornton plays in the value chain by changing the extended enterprise, capabilities and networks with employees, suppliers, customers, and other stakeholders. Integrated thinking and reporting is aligned with the vision of the firm.
Grant Thornton UK LLP* CEO, Sacha Romanovitch noted, “They say that in the social era powerful organisations will be fast, fluid, flexible networks of connected individuals; about the power of communities, collaboration and thinking together to create value. Integrated reporting will enable stakeholders to understand and appreciate the value of Grant Thornton and the role we play in driving a vibrant economy. Our higher purpose will be borne out by our work in building trust and integrity in financial markets, unlocking sustainable growth in dynamic organisations, and creating a business and social environment where businesses and people can thrive. As the enterprise model continues to evolve, the decision making and reporting will become much more integrated. In a connected world, the rules have changed and so too must reporting change to reflect this connected world.”
The integrated reporting pilot programme has enabled better understanding of how Grant Thornton can benefit from a more integrated approach to decision making and has provided confidence in the adoption of the reporting framework. For Grant Thornton, early adoption is seen as being key to helping the firm to better help and support clients.
* Grant Thornton UK LLP is a member firm of Grant Thornton International Ltd. Services are delivered independently by member firms, which are not responsible for the services or activities of one another.