“Data is the new oil”
Paul Druckman reporting from Ceres 2011:
When receiving an award at Ceres 2011 on behalf of Nike, the company’s vice president of corporate social responsibility spoke about two key themes in reporting: transparency and data. Her quote? “Data is the new oil!” – something we think is really important at Fronesys.
There was also plenty of talk about Nike’s experience being a journey of “data mashing” – with Nike now benefiting from the data mashing but having had to go through a great deal of pain to get there. Again, just like data and materiality, data mashing is a key ingredient of the Fronesys proposition.
MORE FROM INSIGHTS
Fronesys founders played influential roles in the development of the integrated reporting movement, a corporate reporting mechanism that now has around two thousand listed companies as its adopters, and which is now part of the mainstream of corporate reporting. So, perhaps, now is as good a time as any for Jyoti Banerjee to look back and assess the outcomes and impacts, as well as the what-might-have-beens, of this new form of corporate reporting.
Oxford University Press has just released a new chapter from the forthcoming Oxford Handbook of Food, Water and Society: Integrating Multi-Capital Thinking in Business Decisions. The new chapter, contributed by Fronesys partner Jyoti Banerjee, explores how we need to change our understanding of value. Here is Jyoti’s account of what you can expect in this new publication.
Jyoti Banerjee, partner at Fronesys, highlights that by adopting the principles of integrated thinking and reporting, universities can move away from a focus on reporting short term financial metrics to a multi-stakeholder approach which offers compelling narratives about their value.
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