Digital disruption and the future of your eco system james osborne
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Transcript of Digital disruption and the future of your eco system james osborne
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Digital disruption and the future of your eco-system
JAMES OSBORNEPartner & Head of CSR@lundquist
Zurich, 14 October 2014
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ZURICH SEMINAR
IS REPORTING ENOUGH FOR A BETTER FUTURE?
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ZURICH SEMINAR
AN ACCELERATING TREND IN UN-READ REPORTS
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6th CSR ONLINE AWARDSHOW TO GET YOUR CONTENT TO THE PEOPLE WHO MATTER?
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6th CSR ONLINE AWARDS
SHARABLE CONTENT
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6th CSR ONLINE AWARDSDIGITAL DISRUPTION IN CORPORATE TRANSPARENCY
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ZURICH SEMINAR
SUPERFICIALITY AND VARIETY OF FORMATS AND CHANNELS ARE MOST FRUSTRATING
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ZURICH SEMINAR
DIFFICULTY IN UNDERSTANDING AUDIENCE PREFERENCES
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ZURICH SEMINAR
FRAGMENTATION OF REPORTING
TRENDS IN 2014:• Rapid decline of standalone sustainability reports
• Continued retreat from investment in online reports
• Emergence of hybrid report (esp. for integrated reports)
• Slow increase in web-based disclosure
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ZURICH SEMINAR
EXAMPLE 1: BRITISH AMERICAN TOBACCO
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ZURICH SEMINAR
EXAMPLE 2: ROCHE
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ZURICH SEMINAR
Focus on user/reader/stakeholder/follower… (not on disclosure itself)
Don’t wait for audience to come to your content…
Variety of entry points are specific to stakeholder categories…
Move towards data-driven information architecture
SHIFT TO AN ECO-SYSTEM MENTALITY
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ZURICH SEMINAR
TRANSPARENCY + ENGAGEMENT = ACCOUNTABILITY
Reporting
Communications
ACCOUNTABILITY
ENGAGEMENT(OR ADVERTISING)
BASIC DISCLOSUREONLY
TRANSPARENCY
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ZURICH SEMINAR
• Better understand users to see how digital is transforming the company-stakeholder relationship (measurement)
• Draw up a shared strategy to overcome silos internally and ensure a coherent approach
• Develop a lucid story about what sustainability means to the business, why it is relevant both internally and to external stakeholders
• Change mentality about what constitutes “engagement”: more informal acts of engagement (140 characters), less formal
• Reassess skills & capabilities in the team (or internal organisation)
WHAT CHANGES?
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DIGITAL TRANSFORMATION IS NOT ABOUT ADOPTING THE LATEST TECHNOLOGY…
…BUT ABOUT DEVELOPING THE RIGHT MINDSET