About this Report
The Clariant Integrated Report 2019 offers a detailed overview of the company’s multidimensional approach to value creation, covering both tangible and intangible, and financial and nonfinancial aspects of the business.
Comprehensive details regarding the company’s performance are published in several online reports: Financial information can be accessed in the online Financial Report; governance and compensation details are available in the online Corporate Governance Report and the Compensation Report; and further information on the company’s commitment to sustainable value creation can be found in the online GRI Report.
Clariant’s integrated reporting is based on a framework developed by the International Integrated Reporting Council (IIRC). The IIRC promotes sustainable change through a holistic approach to corporate reporting that focuses on both financial and nonfinancial value creation.
Integrated Reporting extends traditional formats of corporate disclosure in order to communicate the full range of factors that significantly affect a company’s ability to create value through its business model. In this fourth annual report published in the form of an Integrated Report, Clariant provides a comprehensive overview of its value-creation process. The resources Clariant uses and affects are categorized into the following six »capitals«: financial, intellectual, manufactured, human, relationship, and natural.
Financial capital
The pool of funds available to the company for use in the production of goods or the provision of services. This can include funds obtained through financing, such as debt, equity, or grants, and funds generated by the company, for example, through sales or investments.
Intellectual capital
Knowledge-based intangibles used and created by the company, often in collaboration with partners. This can include intellectual property, such as patents, trademarks, copyrights, software, rights, and licenses, and »organizational capital,« such as tacit knowledge, systems, procedures, and protocols.
Manufactured capital
Manufactured physical objects, such as buildings, equipment, and products. These can include objects that are available to the company for use in the production of goods or the provision of services, or that the company produces for sale to customers or for its own use.
Human capital
The company’s staff and its composition, competencies, capabilities, experience, and motivation to innovate. This can include employees’ alignment with corporate values and their ability to understand and implement the company’s strategy.
Relationship capital
Key relationships, including those with significant groups of stakeholders and other networks. This can include shared values, the trust and willingness to engage, and related intangibles associated with the company’s brand and reputation.
Natural capital
Renewable and nonrenewable environmental resources and processes that support the past, current, or future prosperity of the company or are affected by it. Examples can include resources related to air, water, and land that are utilized or impacted by emissions.
Reporting that extends traditional formats of corporate disclosure in order to communicate the full range of factors that significantly affect an organization’s ability to create value through its business model. An integrated report provides insight about the resources used and impacted by the company – collectively referred to as »the capitals« – and their interdependence. It reflects and supports integrated thinking and decision-making that focuses on the creation of value over the short, medium, and long term. View entire glossary
The business model illustrates how a company draws on various capitals as inputs and converts them into outputs, such as products and services, through its business activities. The company’s activities and outputs lead to outcomes that affect the capitals, thus impacting the company and its stakeholders. View entire glossary