NQ Practices Assessment
Measure integrated thinking depth and breadth
Answer YES only if the company provides a clear, consistent, and complete communication in relation to the statement provided. Answer NO in all other cases.
Is the company's communication and reporting sufficient to explore the statement:
PURPOSE
Our organizational purpose is unique and clearly articulated. It is brought to life in the interactions of our leadership, management, staff, customers, suppliers, host governments and local communities.
Is the company's communication and reporting sufficient to explore the statement:
PURPOSE
Our organizational purpose is motivational and the North Star for how we conduct our business.
Is the company's communication and reporting sufficient to explore the statement:
PURPOSE
Our Board routinely reviews whether our company’s decision-making and resource allocation are consistent with our purpose.
Is the company's communication and reporting sufficient to explore the statement:
PURPOSE
Our purpose is as relevant on the shop floor as it is in the Boardroom, as well as amongst our key external business partners and broader stakeholders.
Is the company's communication and reporting sufficient to explore the statement:
STRATEGY
We scan the horizon for strategic opportunities.
Is the company's communication and reporting sufficient to explore the statement:
STRATEGY
We have identified our strategic objectives and gauged how their achievement will enable us to achieve our purpose and contribute to the SDGs.
Is the company's communication and reporting sufficient to explore the statement:
STRATEGY
Our sustainability priorities are aligned with our business strategy.
Is the company's communication and reporting sufficient to explore the statement:
STRATEGY
We understand how the material issues associated with our business model affect our ability to execute our strategy.
Is the company's communication and reporting sufficient to explore the statement:
STRATEGY
We understand how our products and services meet our customers’ needs.
Is the company's communication and reporting sufficient to explore the statement:
STRATEGY
We consider how our strategic actions affect our broader stakeholders.
Is the company's communication and reporting sufficient to explore the statement:
STRATEGY
We generate competitive advantage through our innovation, unique insights and perspectives, and our ability to bring our products and services to market in an effective and efficient way, whilst also generating a financial surplus.
Is the company's communication and reporting sufficient to explore the statement:
STRATEGY
The executive team identifies future opportunities for our organization during our strategic planning process.
Is the company's communication and reporting sufficient to explore the statement:
STRATEGY
Our strategy and strategic objectives are clearly defined, forward-looking and responsive to longer-term drivers of value creation, such as technological, societal and climate change.
Is the company's communication and reporting sufficient to explore the statement:
STRATEGY
Our strategy and strategic objectives are aligned with the distinct contribution our organization can make to the SDGs.
Is the company's communication and reporting sufficient to explore the statement:
STRATEGY
Our sustainability priorities have been identified through an objective process and reinforce our business strategy.
Is the company's communication and reporting sufficient to explore the statement:
STRATEGY
The executive team regularly assesses whether the achievement of our strategic objectives is helping us achieve our purpose.
Is the company's communication and reporting sufficient to explore the statement:
STRATEGY
We undertake a periodic assessment of our material issues and have assessed how these may affect our ability to execute our strategy.
Is the company's communication and reporting sufficient to explore the statement:
STRATEGY
The strategic opportunities presented by our operating environment, including in our supply chain and broader value chain, are regularly assessed by the executive team.
Is the company's communication and reporting sufficient to explore the statement:
STRATEGY
We invest in innovative products and services and nurture a culture of innovation through our purpose and values.
Is the company's communication and reporting sufficient to explore the statement:
STRATEGY
We manage our operations efficiently, taking account of all our dependencies and impacts on our material capitals.
Is the company's communication and reporting sufficient to explore the statement:
RISKS & OPPORTUNITIES
We routinely assess the impact of the external environment against the robustness of our business model and our operations, and our ability to execute our strategy, deliver our strategic objectives and create value over time.
Is the company's communication and reporting sufficient to explore the statement:
RISKS & OPPORTUNITIES
We also routinely assess the impact of our business model, operations and strategy against the external environment.
Is the company's communication and reporting sufficient to explore the statement:
RISKS & OPPORTUNITIES
We have identified the material external issues which create risks and opportunities for our business model, operations and strategy, such as trading conditions, the availability of resources, societal changes and climate change.
Is the company's communication and reporting sufficient to explore the statement:
RISKS & OPPORTUNITIES
The executive team completes a regular cross-functional assessment of all of these material issues and how they are affecting our ability to create or preserve value across the resources and relationships of our business model.
Is the company's communication and reporting sufficient to explore the statement:
RISKS & OPPORTUNITIES
The executive team models the impact of these risks and opportunities, such as climate change scenarios and technological and societal changes, on our future performance.
Is the company's communication and reporting sufficient to explore the statement:
RISKS & OPPORTUNITIES
The executive team recalibrates our business model and strategic objectives based on the insights yielded by these processes.
Is the company's communication and reporting sufficient to explore the statement:
CULTURE
Our conduct and how we do things are consistent with our purpose.
Is the company's communication and reporting sufficient to explore the statement:
CULTURE
Our organizational culture aligns with our business partners and broader stakeholders. We recognize the critical interdependency between enterprise value creation and value creation for our investors and other key stakeholders.
Is the company's communication and reporting sufficient to explore the statement:
CULTURE
The executive team assesses how effectively we live our values via an annual employee survey and regular pulse surveys, course-correcting any discrepancies.
Is the company's communication and reporting sufficient to explore the statement:
CULTURE
The executive team enforces policies on ethical behaviour and transparent reporting, taking action if such policies are breached.
Is the company's communication and reporting sufficient to explore the statement:
CULTURE
Our key stakeholders have been identified through an objective assessment exercise, which we revisit periodically.
Is the company's communication and reporting sufficient to explore the statement:
CULTURE
The executive team assesses the degree of alignment of our corporate culture and that of our key suppliers and customers when making significant procurement and sales decisions.
Is the company's communication and reporting sufficient to explore the statement:
CULTURE
The executive team has identified our business model’s key stakeholders as part of our stakeholder engagement and materiality assessment processes.
Is the company's communication and reporting sufficient to explore the statement:
CULTURE
Our materiality assessment identifies those matters with the greatest positive or negative potential to impact enterprise value creation and value creation for our investors and other key stakeholders.
Is the company's communication and reporting sufficient to explore the statement:
GOVERNANCE
Our Board’s objectives and critical success factors are clearly defined.
Is the company's communication and reporting sufficient to explore the statement:
GOVERNANCE
Our leadership, organizational structures, cross-functional teaming and decision-making processes support our Board and management team in executing our strategy and delivering our strategic objectives.
Is the company's communication and reporting sufficient to explore the statement:
GOVERNANCE
We recognize that value creation for one type of capital may create, preserve or erode value creation across another type of capital.
Is the company's communication and reporting sufficient to explore the statement:
GOVERNANCE
Our governance structures and processes support the decision-making which enables us to navigate the necessary trade-offs between the capitals.
Is the company's communication and reporting sufficient to explore the statement:
GOVERNANCE
The diversity of skills and experiences of our Board enables them to guide the senior management team and also to hold them to account for the delivery of our strategy.
Is the company's communication and reporting sufficient to explore the statement:
GOVERNANCE
We measure and report our progress in delivering our critical success factors through our financial and sustainability-related KPIs.
Is the company's communication and reporting sufficient to explore the statement:
GOVERNANCE
Strategic opportunities are assessed with the same degree of rigour as strategic risks.
Is the company's communication and reporting sufficient to explore the statement:
GOVERNANCE
The Board’s decision-making processes assess value creation, preservation and erosion across all the capitals which are material to the decision being taken.
Is the company's communication and reporting sufficient to explore the statement:
GOVERNANCE
The Board ensures that the company’s incentive structures are aligned with long-term enterprise value creation, including, where practicable, long-term value creation for our external business partners and broader stakeholders too.
Is the company's communication and reporting sufficient to explore the statement:
GOVERNANCE
Our teams work collectively to deliver our strategic objectives and we actively break down functional siloes where these exist.
Is the company's communication and reporting sufficient to explore the statement:
GOVERNANCE
The Board regularly reviews its governance structures and processes and identifies opportunities to improve them.
Is the company's communication and reporting sufficient to explore the statement:
GOVERNANCE
Our integrated report is reasonably assured.
Is the company's communication and reporting sufficient to explore the statement:
PERFORMANCE
Our KPIs and management information measure how well we are delivering against our strategic objectives. They also measure the value we are creating, preserving or eroding across the capitals which are material to our business model.
Is the company's communication and reporting sufficient to explore the statement:
PERFORMANCE
We measure and report our contribution to the SDGs.
Is the company's communication and reporting sufficient to explore the statement:
PERFORMANCE
Our incentive structures are aligned with enterprise value creation and value creation for other key stakeholders.
Is the company's communication and reporting sufficient to explore the statement:
PERFORMANCE
Our integrated report communicates the short- and long-term enterprise value we have created, preserved or eroded for our investors and the value we have created for other key stakeholders.
Is the company's communication and reporting sufficient to explore the statement:
PERFORMANCE
Our integrated report describes its basis of preparation and presentation.
Is the company's communication and reporting sufficient to explore the statement:
PERFORMANCE
We measure our progress towards the delivery of our strategic objectives using KPIs and discuss this during our regular leadership team meetings.
Is the company's communication and reporting sufficient to explore the statement:
PERFORMANCE
Using KPIs, we measure the value we have created, preserved or eroded over time across our material capitals.
Is the company's communication and reporting sufficient to explore the statement:
PERFORMANCE
We have identified the SDGs to which we make the most material contribution; we measure our contribution and communicate this to our stakeholders.
Is the company's communication and reporting sufficient to explore the statement:
PERFORMANCE
We report all these KPIs internally and draw on them in decision-making and resource allocation.
Is the company's communication and reporting sufficient to explore the statement:
PERFORMANCE
Our management systems collect this performance information, with appropriate controls in place to ensure its quality and integrity.
Is the company's communication and reporting sufficient to explore the statement:
PERFORMANCE
The quality, relevance and reliability of the information by which we manage the business are formally assessed.
Is the company's communication and reporting sufficient to explore the statement:
PERFORMANCE
We prepare an annual integrated report in accordance with the <IR> Framework, measuring and communicating our outputs and outcomes.
Is the company's communication and reporting sufficient to explore the statement:
PERFORMANCE
Our integrated report includes a description of the materiality determination process, reporting boundary and frameworks and methods used to quantify or evaluate material matters.
Integrated thinking is not yet approached in practice but via self-diagnosis the company becomes aware of the development areas
Some elements of integrated thinking are being applied in the company
Progress in embedding integrated thinking is evident and the company setting up its journey on the path to better governance for value creation
A core set of features aimed at sustainable management of the company is established
The company is much beyond others in embracing and implementing integrated thinking with developed governance and management systems and practices
The company demonstrates an outstanding holistic and visionary approach in its governance and management through embedding integrated thinking across its various units, functions, and time perspectives