This article was first published on Thomson Reuters on 12 June 2018 and has been reproduced in full below. For more than half a Millennium – since Franciscan friar Luca Pacioli’s publication of the first full account of double-entry bookkeeping in 1494 – business and investment have calculated value by focusing predominantly on a sole …
The International Integrated Reporting Council launches the Integrated Thinking & Strategy special interest group on 12 June 2018 at an event held in London. The group, a subset of the international <IR> Network, offers world-renowned and innovative organizations the opportunity to share thinking about developing strategy across multiple capitals, learn from world leaders and co-create a …
In 2016, the UK government set up an independent Advisory Group to answer an important question: How can the providers of savings, pensions and investments engage with individuals to enable them to support more easily the things they care about through their savings and investment choices? In November 2017, the Advisory Group published their report, …
Scientists declare that we have now entered the sixth mass extinction on planet earth, that they identify is a direct result of human – and corporate – activity. From insects to mammals, trees to flowers, species are going extinct at an unprecedented rate. The corporate world and society rely entirely on the healthy functioning of …
Generali Osiguranje Srbija issued its third integrated report on May 31, 2018 having resolved to change corporate publications in Serbia, from financial reporting based on historic information to integrated reporting based on future strategy. Generali Osiguranje Srbija is the largest private owned company in the insurance market in Serbia, the market leader in health and …
Social value and economic profit can be and should be realized simultaneously. Increasing concerns regarding environmental, social and governance (ESG) issues raise the need for businesses to be more involved with these challenges. Today, corporate performance is no longer evaluated only on financial criteria. It is widely accepted that companies should be the solution, not …
In the last five years or more, enlightened businesses and governments the world over have recognised the importance of telling the true and full story of an enterprise. This reflects in the enrolment of companies into the integrated reporting process embracing all its significant dimensions of integrated ‘thinking’, ‘performance’ and ‘reporting’. In India, several large …
The European Commission has launched a public consultation to review its current public reporting requirements to assess whether the EU reporting framework is still fit for purpose. This consultation will help set the path for the future of corporate reporting across Europe. As an increasingly used and important reporting framework, the European Commission are asking about the …
In this issue: Confirm your subscription to the IIRC newsletter – don’t lose your connection with us! European Commission Fitness Check: Show your support for integrated reporting Have you responded to the IIRC stakeholder survey? Professor Mervyn King 2018 landmark address IIRC, UNCTAD, WBCSD and NBA: The role of business in achieving the Sustainable Development …
The discussion of materiality has been a foundation of both financial reporting and more recent frameworks for sustainability and integrated reporting. Recognizing the unique nature of each enterprise, a discussion of materiality serves to identify which aspects of the operational environment internally and externally should be reported on, as being key to transparency and understanding. …