The International <IR> Framework and Integrated Thinking Principles have been developed and are used around the world, 75 countries, to advance communication about value creation, preservation and erosion.
The cycle of integrated reporting and thinking result in efficient and productive capital allocation, acting as a force for financial stability and sustainable development.
Integrated reporting aims to:
- Improve the quality of information available to providers of financial capital to enable a more efficient and productive allocation of capital
- Promote a more cohesive and efficient approach to corporate reporting that draws on different reporting strands and communicates the full range of factors that materially affect the ability of an organization to create value over time
- Enhance accountability and stewardship for the broad base of capitals (financial, manufactured, intellectual, human, social and relationship, and natural) and promote understanding of their independencies
- Support integrated thinking, decision-making and actions that focus on the creation of value over the short, medium and long term.
The <IR> Framework and Integrated Thinking Principles are maintained under the auspices of the Value Reporting Foundation, a global nonprofit organization that offers a comprehensive suite of resources designed to help businesses and investors develop a shared understanding of enterprise value—how it is created, preserved, or eroded.
The resources—including Integrated Thinking Principles, the <IR> Framework, and SASB Standards—can be used alone or in combination, depending on business needs.
The Value Reporting Foundation Board of Directors oversees the strategy, finances, and operations of the entire organization and the International Integrated Reporting Framework Board recommends for approval any revision, modification or other update to the <IR> Framework, as well as providing input on other guidance material relating to integrated reporting or integrated thinking.