ACCT20071 - Dexus Group: Evaluating Integrated Reporting Potential

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This report analyzes the Dexus Property Group's 2018 Annual Report and Sustainability Performance Pack to evaluate the firm's communication of its social responsibilities and environmental performance to its stakeholders. The analysis examines whether the reports effectively communicate the company's objectives, covering aspects like operations, financials, and social endeavors. It assesses the stakeholder engagement and the extent to which the information caters to different parties, including directors, government, employees, customers, and suppliers. Furthermore, the report evaluates the Dexus Group's adherence to integrated reporting standards, highlighting strengths in organizational overview, corporate governance, risk and opportunity reporting, and weaknesses in business model presentation and future outlook. The conclusion emphasizes the need for Dexus to improve its reporting style for better stakeholder communication and compliance, recommending a more integrated approach. Desklib offers a variety of solved assignments and study resources for students.
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Running head: DEXUS GROUP
DEXUS GROUP
Name of the Student
Name of the University
Author Note
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1DEXUS GROUP
Part 2: Transcript
Transcript of Presentation based on Part 1
Introduction
The corporate social responsibility can be considered to be a fairly essential part of the
firm and all the companies are required to ensure that they are able to engage in the reporting
adequately and with this, they are also required to ensure that the informative needs of the
different stakeholders are fulfilled at large. However, many firms are often unable to engage in
this aspect and it is based on this that the organization often receives criticism from the experts
(Dexus.com, 2018). The main aim of the presentation is to analyze the Annual report as well as
Sustainability performance report of Dexus Property Group and examine whether their report is
sufficient in nature or not. In addition to this, the integrated report analysis shall also be done.
Analysis
Overview of the Report
The particular report can be stated to be the Sustainability Performance Pack report of
2018 and the Annual report of 2018 of the chosen organization the Dexus Property Group. The
reports have laid down the sustainability and the corporate social responsibility performance of
the firm along with the overall financial performance of the firm respectively (Mulder, 2017).
The report has successfully covered various aspects like the material issues being faced
by the firm, the sustained values of the firm, in addition to this, it has also covered aspects like
the overall environmental performance and the return it is giving to the society. In this manner,
the firm provides a representation of the overall sustainability issues which are being faced by
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2DEXUS GROUP
the firm and along with this, the different initiatives which are being faced by the firm at large
(Mayfield & Mayfield, 2017).
The annual report of the Dexus group tends to present the overall performance of the
group and lays down the information in the form of different statistical figures through which the
readers will be able to understand whether the performance of the company will be adequate in
nature or not. In the Annual report all the information regarding the economic performance of
the firm has been presented and communicated to the leaders effectively (Dexus.com, 2018).
However, the only point of concern is that, the information is in business vocabulary which may
be difficult for the different investors and shareholders to understand.
Discussion
Communication
With respect to the communication aspect of the different reports, it can be rightfully
understood that the report is successful in communicating its overall objective to the different
readers (Moumen, Othman & Hussainey, 2015). This can be stated because, all essential aspects
of the operations, financials, social endeavors and other related aspects will be covered
successfully which will then assist in understanding the integrities of the report.
The report along with the report of Sustainability helps in clearly communicating the
social, environmental as well as the economic performance of the firm at large. In addition to
this, the governance of the company has also been stated adequately by the organization to
understand the overall functioning of the firm (Integratedreporting.org ,2018). The company has
given information on the overall commitment of the firm and the manner in which the company
has been successfully able to achieve the 2018 objectives. Moreover, in order to assist the
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3DEXUS GROUP
organization in understanding the overall performance, the Megatrends and the manner in which
Dexus manages to monitor and fulfill them have also been provided.
Stakeholder Analysis
The stakeholders form an essential aspect of the organization and with respect to this, the
company would be required to ensure that it presents its information adequately and is
successfully able to satisfy the needs of the different stakeholders at large. Hence, after the
analysis of the reports of the Dexus group, it can be mentioned that the firm has made an honest
attempt to provide information catering to all the stakeholders as present in the organization and
to fulfill their needs. The information has been successfully provided for the different parties like
the Directors, Government, employees, customers, suppliers and the creditors
(Integratedreporting.org ,2018). However, it needs to be mentioned that no adequate information
has been provided to the investors which would then assist them in making the right investment
decision. Had the report been in a simpler language, it would have been essentially useful to the
investors.
Analysis on Integrated Reporting
The integrated reporting standards are required to be generally followed by all the
members of the organization. The primary aim of the integrated reporting is to ensure that the
reports of the firm are formed in a manner such that the performance of the firm along with the
sustainability initiatives of the firm are also presented in the right manner
(Integratedreporting.org ,2018). Moreover, it can be stated that the main aim is to ensure that
quality reporting is practiced. There are some essential aspects of the integrated report which
have been analyzed against the report of the Dexus Property Group. The first is information on
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4DEXUS GROUP
the organizational overview and external environment, which has been essentially performed by
the firm. The second component is the information on corporate governance which has also been
provided in the DXS report. However, the reporting of the firm fails to fulfill the third
component which is the information on the business model whereas DXS has successfully
incorporated the information regarding the risks and opportunities being faced by the firm. Other
components like the Strategy, allocation of resources and the performance of the firm have been
adequately covered in the report of DXS whereby an essential aspect of Outlook seems to be
absent (Henderson, Cheney & Weaver, 2015). The Outlook presents information regarding the
future of the firm which is not present in the reports of Dexus and lastly, the presentation of the
report can be stated to be highly complicated in nature.
Conclusion and Recommendations
Hence, it can be understood that the firm is required to take certain measures to ensure
that it is able to improve upon the overall reporting style and follow a more integrated style.
When they will be able to change their perspective only then they will be successful in ensuring
that the reporting standards are appropriate in nature and fulfill the governmental legislations as
well as the necessary information which needs to be provided to the stakeholders at large.
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5DEXUS GROUP
References
Dexus.com (2018). All news and media [online]. Available at:
https://www.dexus.com/investors/all-news-and-media/reports?Term=&f=year%3D2018
(Retrieved on: 15 Jan. 2018).
Henderson, A., Cheney, G., & Weaver, C. K. (2015). The role of employee identification and
organizational identity in strategic communication and organizational issues management
about genetic modification. International Journal of Business Communication, 52(1), 12-
41.
Integratedreporting.org (2018). The IR Framework [online]. Available at:
http://integratedreporting.org/resource/international-ir-framework/ (Retrieved on: 15 Jan.
2018).
Mayfield, J., & Mayfield, M. (2017). Leadership communication: Reflecting, engaging, and
innovating.
Moumen, N., Othman, H. B., & Hussainey, K. (2015). The value relevance of risk disclosure in
annual reports: Evidence from MENA emerging markets. Research in International
Business and Finance, 34, 177-204.
Mulder, C. (2017). Improved opposition statistics in the EPO annual reports. epi-
Information, 2017(03), 20-21.
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