IIRC Newsletter

IIRC appoints new interim CEO, Charles Tilley OBE

Following last week’s announcement that Richard Howitt has stepped down as the CEO of the International Integrated Reporting Council (IIRC), we are delighted to announce that Charles Tilley OBE has been appointed interim CEO. 

Charles has been involved in the IIRC since its inception and currently already serves as an IIRC Council Member and Senior Adviser to the IIRC Chair, having chaired the Technical Task Force that developed the International Integrated Reporting Framework in 2013. He was CEO of the Chartered Institute of Management Accountants (CIMA) for many years and is currently Chair of the International Federation of Accountants’ professional accountants in business committee. Charles also sits on the board of MORhomes plc and data consultancy, Anmut. 

Read More
IIRC presents at IOSCO Sustainable Finance Network The IIRC was invited by the International Organization of Securities Commissions (IOSCO) to present to the first IOSCO Sustainable Finance Network stakeholder meeting on developments in the corporate reporting landscape and the role integrated reporting is providing in enhancing investors’ understanding of increasingly important risks, such as climate and automation. 

As IOSCO deepens its focus on ensuring disclosure is fit for purpose, protects investors and creates the conditions for successful capital markets, providing investors with accurate, understandable and material information about how organizations are using their resources and relationships responsibly to create value over the short, medium and long term will become increasingly important. 

Read More
Consultation findings on better alignment in reporting landscape announced
Participants of the Corporate Reporting Dialogue – an initiative bringing together the major standard setters and framework providers globally – announced the findings of their global market consultation on building better alignment via a webinar this week.

Through an online survey and a series of global roundtables held in 11 countries – Australia, Colombia, France, Germany, Italy, Japan, Malaysia, Poland, South Africa, US and UK – from March until June 2019, around 250 stakeholders, including businesses and investors, were consulted on how to support effective disclosures, addressing the Task Force for Climate-related Financial Disclosures (TCFD) recommendations, and identifying how non-financial metrics relate to financial outcomes and how this can be integrated in mainstream reports.

Read More
Over 400 businesses move to integrated reporting in Japan
KPMG Japan has issues its fifth annual survey of integrated reports in Japan, as over 400 companies move to issuing integrated reports – a 23.5% increase on KPMG’s 2017 analysis. Those producing integrated reports now account for 58% of the total market capitalization in Japan. 

Japanese businesses have been attracted to integrated reporting as a means of driving a long-term dialogue with investors. 

Read More
How to integrate extra financial information into decision making
The IIRC has teamed up with our partners at A4S to deliver a series of webinars providing guidance that can support finance teams in addressing the practical issues of integrating sustainability into financial processes and decision making. 

The webinars, based on the A4S Essential Guides Series, introduce practical concepts, tools and case studies covering topics such as enhancing investor engagement, strategic planning, budgeting and forecasting, managing future uncertainty, finance culture, natural and social capital accounting, social and human capital accounting and capital expenditure. 

Read More