Integrated reporting journey
Winchester is one of a select group of universities that have embraced the integrated reporting framework. Therefore, we are leaders in the UK Higher Education Sector providing an exemplar for other public and private sector organisations.
Our Board of Governors has been involved in the development of this annual integrated report. We are still on our integrated reporting journey and are not yet fully compliant with the International Integrated Reporting Council (IIRC) Framework. However, this year’s report significantly improves upon the previous two years reports. We aim to think well beyond financial value when evaluating the value
Winchester has generated throughout the year. In addition to monetary value creation, this report also considers Winchester’s non-monetary value creation. Winchester’s most valuable capital resources include: • Staff and students • Business partners • Social and relationship capital • Intellectual capital These are underpinned by Winchester’s: • Financial capital • Campus estates • Natural resources In preparing for this year’s report, we have also fully embedded integrated thinking in our core operations. Indeed, integrated thinking has been a fundamental principle in our response to the COVID-19 pandemic, drawing support and collaboration from all our departments, as exemplified by our COVID-19 preparedness project detailed on page 14.
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University of Winchester
This framework has enabled us to develop a new and better understanding of how we create, or diminish, value for all our stakeholders. It has improved
institutional decision making, accountability and governance, while promoting transparency and trust. Integrated reporting has enabled Winchester to develop a new approach to stakeholder engagement. Consequently, this has led to improved relationships and enhanced our understanding of our strategic enablers. Adopting the framework has facilitated us to broaden our perspectives, and better connect Winchester’s departments and faculties, to improve the delivery of our Strategic Plan.
Integrated Annual Report 2019-20
Winchester remains at the cutting edge of this important global reporting initiative. We pre-empted the Sustainable Development Goals (SDGs) recommendations, published in January 2020, by aligning the SDGs with Winchester’s value creation model in last year’s report, published in December 2019.
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