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Understanding Integrated Reporting
Tuesday May 13, 2014
1:00 -2:00 p.m.
Purchase this webinar
Cost: FREE for Members, $49 for Non-Members
Purchase an NAEM expert-led webinar archive on integrated reporting. You'll walk away with an understanding of the gap between well-established financial reporting and sustainability reporting. As well as gain the basics of integrated reporting as it continues to grow and develop.
Sustainability reporting with a focus on informing stakeholders about a company's sustainable business practices was new in the early 1990s - but, is now a mainstream practice. With different purposes, environmental financial reporting and sustainability reporting each have strengths and weaknesses with regard to effective reporting of a corporation's overall environmental footprint. However, neither may provide a comprehensive perspective on environmental risks and opportunities facing a company, nor fully quantify the potential impacts on company financial performance. Closing this common gap in information would help stakeholders better understand a company's overall environmental footprint and allow more informed business decisions. Integrating environmental disclosure and sustainability reporting is being adopted as a means to that end.
Sustainability leaders whose role requires them to participate in corporate interdisciplinary roles surrounding the reporting of environmental risks, including: EHS vice presidents, directors, and environmental managers.
- Sandy Nessing, Managing Director, Sustainability & ESH Strategy & Design; American Electric Power Co. Inc.
- Bill Gaffigan, Senior Practitioner; Geosyntec Consultants Inc.
Sandy Nessing has responsibility for managing sustainability strategy, corporate stakeholder engagement and annual performance reporting for American Electric Power (AEP). She oversees annual production of AEP's Corporate Accountability Report, including a dedicated sustainability web site and, new in 2013, an iPad app. This is the fourth year AEP has produced an integrated report that combines financial with nonfinancial performance.
She facilitates cross-functional collaboration on sustainability issues across AEP to raise awareness of the interdependencies of functions, resources and issues while providing guidance on externalities that could affect business results. She also develops and manages advocacy opportunities that support AEP's business strategy. In a newly added role, she serves as executive culture champion and strategist in collaboration with the Chief Administrative Officer and other senior executives to advance a culture shift within AEP that aligns business strategies with employee engagement and performance management.
She currently serves as 2013 Chair of the Electric Power Research Institute's Sustainability Interest Group. Nessing also serves on the Grange Insurance Audubon Center Stewardship Board in Columbus, Ohio and was president of the board for two years. She serves on the Board of Directors and the Board of Regents for NAEM and is a member of SustainAbility's Engaging Stakeholders and the Utility Environmental Benchmarking Forum. She also led AEP's participation in the Global Reporting Initiative's (GRI) Electric Utility Sector Supplement Pilot Program, an international project to develop electric utility-specific sustainability performance indicators.
Bill Gaffigan, MBA, CVA, is a senior practitioner in environmental management and an Associate of the firm based in Maryland. He is a director of the Geosyntec Environmental Valuation and Consulting Practice and has more than 20 years of business and consulting experience, including specialized capabilities in valuation, litigation support, business transactions, and strategic business consulting.
Nationally, Bill is one of the few certified valuation professionals with extensive experience spanning a wide range of segments in the environmental industry. His client base spans the green technology, clean technology, wastewater treatment, hauling, solid waste, recycling, composting, medical waste, sludge, methane, and liquefied natural gas sectors. He has evolved his practice by cultivating relationships through successful transaction, valuation, and litigation support projects. Bill has been qualified as an expert witness and has provided testimony in state, federal tax, and federal bankruptcy courts.
Bill has experience working with dozens of private and publicly listed companies. He has valued hundreds of companies from a broad range of industries, including manufacturing, wholesale, retail, banking, biotechnology, and software development, and for a range of purposes including mergers and acquisitions, divestitures, litigation support, due diligence, eminent domain, dissenting shareholder suits, and minority shareholder oppression. He has helped his clients close on more than 60 transactions, ranging in value between $500,000 and $100 million, and has participated in cumulatively raising hundreds of millions of dollars in capital for client acquisitions and development.