IIRC Newsletter December 8th - EthicalMarkets.com

IIRC Newsletter

It is clear from the benefits that businesses are reporting back to us that Integrated Reporting is enhancing the way organizations think, plan and report the story of their business. This video has been developed to explain how we are making progress through reporting.

It captures what we are seeking to do in two key ways:

our vision to achieve wider goals of financial stability and sustainable development, through the cycle of integrated thinking and reporting
the process of reporting and the innovations we are championing to make it more effective.

The IIRC would like to thank ACCA for partnering with us on the development of this video.

Integrated thinking core to <IR>

The IIRC has released the latest in its Creating Value series, ‘Creating Value: The cyclical power of integrated thinking and reporting‘. The publication explores how integrated thinking is an integral component of Integrated Reporting. For organizations to truly adopt Integrated Reporting they need to embrace the concept of integrated thinking throughout the organization.

South Africa sets a new global standard for corporate governance

The release of King IV has been well received globally, as the first outcomes-based governance code in the world. The code, which was released this month, is modelled on the International <IR> Framework and recognizes Integrated Reporting as a key principle of corporate governance.

Corporate reporting is an essential and inseparable part of corporate governance – it is the outcome of a corporate governance process – grounded in the purpose, values and activities of the business and reflecting on the behaviours, from the board and management team, through the business. South Africa is the first country in the world to adopt Integrated Reporting as a mainstream component of corporate governance.

Adoption of Integrated Reporting predicted to grow to over 300 in Japan

The Japanese Government’s corporate reporting lab has recorded 252 integrated reports from Japan’s listed companies, with an expected 320 integrated reports set to be release in 2017.

Integrated Reporting is a key element of the corporate governance transformation that has taken place in Japan over the past two years. This revolution has helped to unlock the deep value of Japan’s companies, which are among the most innovative in the world. It has also created a language for improved dialogue between management and investors, enhancing trust and inspiring long-termism.

Richard Howitt addresses 2016 United Nations Forum

Richard Howitt, CEO, IIRC has spoken on the business case for Integrated Reporting at a United Nations Forum in Geneva this month. Discussing social and human capital, Richard made it clear that morality is not only as important in business as it is in society, but it also makes good business sense. Richard gave the example of one of Malaysia’s biggest companies, Sime Darby, which is using Integrated Reporting to move beyond impact mitigation to create a net positive footprint, for example by promoting advocacy efforts on children’s rights and developing products and services that ensure their safety.

United Utilities win ‘Communicating Integrated Thinking Award’ at the Finance for the Future Awards

United Utilities has been recognized for communicating how integrated thinking is contributing to a sustainable business model which delivers long term value, with Novo Nordisk highly commended. The judges stated, “By producing clear, concise, integrated communications, United Utilities has demonstrated how integrated thinking translates to shareholder value in financial terms.” Their report is profiled on the <IR> Examples Database.