Businesses and investors globally now recognize a broader approach to creating value.
When incentives only reward short-term behaviour, our capital markets are weaker, society is poorer and our environment suffers.
Integrated reporting is a broad-based framework for business and investment decisions that are long term, inclusive and with purpose.
The International Integrated Reporting Council (IIRC) is a worldwide coalition with the mission to mainstream integrated thinking and reporting and to change the corporate reporting system so that integrated reporting becomes the global norm. It is the global authority on integrated reporting and steward of the International Integrated Reporting Framework (<IR> Framework).
Organizations are using integrated reporting to communicate a clear, concise, integrated story that explains how all of their resources are creating value.
Integrated reporting is helping businesses to think holistically about their strategy and plans, make informed decisions and manage key risks to build investor and stakeholder confidence, value creation and improve future performance.
It is shaped by a diverse coalition including business leaders and investors to drive a global evolution in corporate reporting.
Regulators, investors, companies, standard setters, the accounting profession and NGOs are all part of the IIRC Council, working to align capital allocation and corporate behaviour to the wider goals of financial stability and sustainable development through the cycle of integrated thinking and reporting.
Members of the Council include BlackRock, Tata Sons, The World Bank, World Economic Forum, Ministry of Finance China, global CEOs of major accounting firms, professional accountancy bodies from around the world and all major standard setters and framework developers in the corporate reporting field.
Our commitment to the Sustainable Development Goals (SDGs).
We are committed to supporting the United Nations and its partners in building a better world in which no one is left behind.
We indirectly reinforce all SDGs by encouraging organizations to consider, connect and communicate their adherence to the SDGs, to the extent that their adherence to particular SDGs is significant to how they create value.
Our emphasis on the efficient and productive use of all forms of capital aligns with Sustainable Development Goal 12, which seeks to ensure sustainable consumption and production patterns. Integrated Reporting is also an effective mechanism for monitoring the allocation of capitals, managing performance and strengthening accountability in the public and private sectors.
As a broad coalition of businesses, investors, standard setters, regulators and other key stakeholders, we support Goal 17 revitalizing the global partnership for sustainable development. Through our multi-stakeholder partnerships and extended networks, we are well positioned to influence regional and global policy and the decisions underpinning the flow of financial capital.
See page 28 for specific work we have done around the SDGs in 2017.