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CSR Research Digest – August 2012

Summary

The International Integrated Reporting Council (IIRC) has released the Draft Outline of its Integrated Reporting Framework. The Outline establishes for the first time the basic structure of the Framework and is intended to keep stakeholders informed as the Framework is developed.

Key Findings

• The successful company of tomorrow will have an integrated strategy to achieve financial results and create lasting value for itself, its stakeholders and society.
• Clear links must be made between a company’s ‘single bottom line’ and the sustainability impacts caused – or the value created -in generating its financial results.
• The Framework should help those companies producing an integrated report to also integrate sustainability into their strategy.
• The process to establish an internationally-accepted Integrated Reporting Framework is in its early days at the IIRC, and has already attracted important players in the corporate reporting field, such as reporting standard setters, large auditing companies, accountancy boards, large companies, financial market institutions, and NGOs.
• The new Draft Outline aims to keep stakeholders informed of the likely structure and general content of the Framework as work on its development progresses, taking into account:
  • Feedback received on the Discussion Paper;
  • Engagement with the Pilot Programme participants, the Investor Network and others;
  • Additional research and work being conducted by the IIRC Secretariat.
• Other details on the technical content are expected to be released in late 2012, followed by a draft Framework for public consultation in early to mid-2013.
• ‘Version 1.0’ of the Framework will be released in late 2013.

Author(s)

IIRC

Source

PDF report

Tags: framework, IIRC, Integrated, International Integrated Reporting Council, reporting