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Insight Investment

PRI reporting framework 2017

You are in Strategy and Governance » Promoting responsible investment

Promoting responsible investment

SG 09. Collaborative organisations / initiatives

New selection options have been added to this indicator. Please review your prefilled responses carefully.

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

          Member of UKSIF
        

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

          IASB Financial Reporting programme
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Since joining the IASB programme, Insight has benefitted from investor education sessions on changes to the IFRS accounting standards, such as IFRS 16 (valuation of leases) and IFRS 15 (revenue recognition).

We have contributed to projects on the following:

  • Examining the purpose, structure and content of primary financial statements. We assisted the IASB in determining the direction of the project, and particularly how to enhance the Statement of Profit or Loss, Statement of Cash Flows, and Statement of Financial Position. In particular we pushed for a new subtotal for EBITDA and standardisation of cash flow presentation. Both these would help protect investors from management adjustments to reported figures.
  • Cash disclosures. Specifically, we pushed for proper disclosure of where cash is held; restrictions on moving cash; and full details of revolving credit facilities, both drawn and undrawn. Understading liquidity is critical to credit analysis, therefore we have been very vocal on this. The project recently concluded with no proposed changes to the existing standard, and we are therefore seeking to lobby again on the issue, and understand why the IASB decided not to proceed with any changes.

SG 10. Promoting RI independently (Not Completed)


SG 11. Dialogue with public policy makers or standard setters (Private)


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