IIRC Newsletter - EthicalMarkets.com

IIRC Newsletter

Improving outcomes and building trust in the public sector through Integrated Reporting

A new publication, ‘Focusing on Value Creation in the Public Sector‘, which has been developed by the IIRC and CIPFA* with support from the World Bank’s Governance Global Practice, has been released. It provides guidance for public bodies around the globe to help them think holistically about their strategy and plans, make informed decisions, and manage key risks in order to build stakeholder confidence and improve future performance.

Public sector organizations from around the world are already using Integrated Reporting to improve understanding of the services they deliver and the value they create. This guide will build on these developments to enable more and more organizations to access these benefits.

Using technology to support next-generation reporting and management

The <IR> Technology Initiative has released a guide for CFOs on using technology to drive multi-capital thinking. ‘Technology for Integrated Reporting‘ offers practical insights to help CFOs collaborate with their Chief Information Officer (CIO) to ensure that technology can enable progressive business management and reporting practice.

Abhijit Bhattacharya, CFO at Royal Philips, welcomed the guide saying in the publication’s foreword, “In today’s business environment, the use of technology to integrate data to deliver actionable insights plays a larger role than ever as a driver of organizational value and competitive advantage. It is therefore essential for CFOs to ensure that technology investments are fully aligned with strategic plans to drive business performance while addressing social and environmental trends.”

IIRC publishes its Integrated Report 2015

The IIRC is pleased to communicate its annual performance, for the first time, in the form of an integrated report. As part of our market-based philosophy, our Board and Council believe it is important that we follow the principles we advocate. Our continued progress towards achieving the objectives of our Breakthrough Phase strategy features centrally throughout the report.

2016 edition of Reporting Matters indicates ‘the effectiveness and quality of integrated reports when done well’

The World Business Council for Sustainable Development (WBCSD) has released its fourth review of WBCSD members’ sustainability and integrated reports. Four of the top ten reports are integrated – with 28% of reports demonstrating some elements of integrating their reporting process. The report states, “Self-declared integrated reports score higher on average than both stand-alone sustainability reports and combined reports against our principles and content criteria”.

IIRC strengthens collaborations

To coincide with the launch of World Intellectual Capital/Asset Initiative’s (WICI) framework the IIRC has signed a joint statement of collaboration with WICI. The statement sets out how WICI and the IIRC advocate for the evolution of the management and reporting of an organization’s value creation story, with a distinctive focus on intellectual and associated capitals.

The IIRC has also strengthened its collaboration with professional services firm, Da-Strategia, which has committed to supporting the adoption of Integrated Reporting in Russia by raising awareness through its networks and channels.