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Monday 17 November 2014 – Washington DC. Public sector organizations from around the world will come together in a unique initiative designed to help them improve transparency and build trust through Integrated Reporting <IR>.
The Public Sector Pioneer Network was launched today at the World Bank Public Sector Integrated Reporting Conference in Washington, where experts from organizations including the World Bank, United Nations Development Programme (UNDP), UK National Health Service (NHS), and the International Public Sector Accounting Standards Board (IPSASB), are gathering to explore why and how the public sector should be adopting <IR>. The Hon. David M. Walker, Former Comptroller General of the USA, also joined the panel discussion.
The initiative has been developed by the International Integrated Reporting Council (IIRC) in partnership with the Chartered Institute of Public Finance and Accountancy (CIPFA), and participants will be among the ‘first movers’ in <IR> in the public sector.
Helen Clark, Administrator of UNDP said, “Transparent, responsive, and accountable institutions are a vital part of what it takes to improve people’s lives and implement a sustainable development agenda. Integrated Reporting provides a framework to enhance transparency and accountability, linking social responsibility and sustainability to the long-term resilience of an organization. UNDP is delighted to participate within the Pioneer Network, and contribute towards this evolution in reporting for the public sector.”
Paul Druckman, CEO, IIRC said, “Public sector organizations are increasingly challenged with maintaining or improving outcomes within the same or reducing resources. Communicating how, and how well prepared they are, to achieve this will be critical to public accountability. Participants in the network will share views and experiences on how <IR> can be adapted to be fit for purpose for the public sector, with the end goal of improving transparency and building trust. I call on interested organizations to join the network to ensure it has a global and well informed coverage.”
Organizations already signed up include the World Bank Group, UNDP, the City of London Corporation, the Welsh Government and UK government departments.
Speaking at the launch of the network in Washington, Ian Carruthers, CIPFA’s Executive Director of Policy and Technical said, “With around one third of global GDP made up by the public sector, applying Integrated Reporting, and even better integrated thinking, could help make the necessary step change in transparency and accountability.
“Through giving a much clearer view of how and where public resources are used, as more and more public sector organizations from across the world take up the transformational challenge of Integrated Reporting, the understanding and trust of citizens can only increase.”
“This network is an important step along that road and a significant development for the public sector around the world.”
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Note to Editors
About the IIRC
The International Integrated Reporting Council (IIRC) is a global coalition of regulators, investors, companies, standard setters, the accounting profession and NGOs. Together, this coalition shares the view that communication about businesses’ value creation should be the next step in the evolution of reporting in the private and public sectors. A link to the International <IR> Framework can be found here. Follow us on YouTube, Twitter and LinkedIn.
About CIPFA
CIPFA, the Chartered Institute of Public Finance and Accountancy, is the professional body for people in public finance. Our 14,000 members work throughout the public services, in national audit agencies, in major accountancy firms, and in other bodies where public money needs to be effectively and efficiently managed. As the world’s only professional accountancy body to specialise in public services, we champion high performance in public services, translating our experience and insight into clear advice and practical services. Globally, CIPFA shows the way in public finance by standing up for sound public financial management and good governance. We work with donors, partner governments, accountancy bodies and the public sector around the world to advance public finance and support better public services.
Media contact
Pippa Whittaker, Head of Communications, IIRC
W: +44 207 504 2570; M: +44 7521 581330; [email protected]
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