IFAC calls on G20 governments to embrace Integrated Reporting
The International Federation of Accountants (IFAC) has called on G20 leaders to “embrace Integrated Reporting” as a vehicle for building trust and confidence in business and government. IFAC has published a document stating, “Integrated Reporting is an opportunity to focus on long-term value creation, and improve on a largely fragmented, complex, and compliance-driven system. Integrated Reporting is founded on integrated organizational thinking and more likely to align capital allocation and corporate behaviour to the wider goals of financial stability and sustainable developments.” Concluding, “Now is the time to embrace the International Integrated Reporting Council’s Framework to achieve these vital objectives.”
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The IIRC is deeply saddened to hear of the passing of Ernst Ligteringen. Ernst was a driving force in the world of sustainability whose legacy will be felt for years to come.
Ernst was a key founding father of the IIRC and remained an active supporter and advocate as an IIRC Ambassador. His work has been instrumental in bringing about real change around the world.
Our thoughts are with his family and friends and our colleagues at GRI.
European Commission Guidelines on Non-Financial Reporting underline encouragement towards Integrated Reporting
The International Integrated Reporting Council (IIRC) has welcomed the release of the European Commission’s Guidelines on Non-Financial Reporting, which references the leadership and knowledge the IIRC provided in the development of the guidelines.
The Non-Financial Reporting Directive provides an important impetus to 6,000 businesses across Europe to start thinking about broader value creation. At a joint IIRC, ACCA, Aviva and Barclays event on 21 June 2017, companies were told the EU’s Non-Financial Reporting Directive provided encouragement rather than compulsion to adopt Integrated Reporting – but these guidelines underline that encouragement.
Sharing, learning and inspiring. Have you joined the <IR> Network?
Businesses from around the world participate in the <IR> Network to learn, lead and shape the future of corporate reporting.
By joining the <IR> Network you will have the unique opportunity to have your report reviewed by a panel of experts and investors, giving you invaluable insights into what you are doing well and how to develop further.
The <IR> Network gives you access to leading practice and enables you to form a strong peer network. Businesses are at the heart of the International Integrated Reporting Council, having helped developed the <IR> Framework. They are now shaping the future direction of Integrated Reporting through the <IR> Network.
By joining now you will still be in time to attend and claim your free place at the official <IR> Convention in October 2017 in Amsterdam. The conference will share the latest insights, thinking and market trends in this field.
Participants of the <IR> Network take place in regular webinars to learn from those at the edge of leading practice. So far this year, subjects have included conciseness, governance, materiality and the investor view, with participants hearing from the likes of HSBC, BlackRock and Novo Nordisk.
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