IIRC Newsletter

Jay OwenReforming Global Finance, SRI/ESG News

Last chance to share your thoughts: International <IR> Framework consultation closes 19 August

There are just 13 days left to respond to the IIRC’s consultation on revisions to the International Integrated Reporting Framework.

Feedback is encouraged through our online survey: www.integratedreporting.org/2020revision

The consultation focuses on two key revisions:

  • How those charged with governance take responsibility for the integrated report
  • How to ensure businesses report effectively on outcomes/impacts – both positive and negative.

There are also questions around areas the IIRC might consider in the future, including:

  • The primary purpose of an integrated report
  • The publication of authoritative sources of indicators and methodologies across the capitals
  • Deeper insights into integrated thinking
  • The role of technology
  • The development of assurance.

More than 1,000 people have attended over 20 virtual roundtables hosted by IIRC partners internationally, to share their thoughts on revisions to the <IR> Framework.

If you haven’t already added your thoughts to this dialogue, we encourage you to do so through the online survey.

Charles Tilley will continue in his role as IIRC CEO, having initially been appointed Interim CEO in June 2019.

Charles is a long-term leader in the field, having served as Chair of the IIRC’s Technical Task Force – the body responsible for the creation of the International <IR> Framework.

The announcement comes as the IIRC strengthens its strategy to to embed the concepts of integrated thinking and reporting in mainstream business practice.

It will achieve this by intensifying collaboration with others to unify the corporate reporting structure, while simultaneously strengthening the integrated reporting movement.

A recent profile about Charles and his plans for the IIRC, as well as insights into his career to date, has been published by A Plus Magazine.

New guidance: How businesses can adopt a long-term value creation agenda

In the wake of unprecedented economic disruption due to the COVID-19 pandemic, many companies are rethinking their fundamentals and assessing how their corporate purpose, strategy and business model will drive long-term success. To support businesses in this uncertain environment, the International Federation of Accountants (IFAC), International Integrated Reporting Council (IIRC), and the Association of International Certified Professional Accountants (the unified voice of the American Institute of CPAs (AICPA) and the Chartered Institute of Management Accountants (CIMA)) have released new guidance for Chief Financial Officers (CFOs) and finance teams to navigate their organizations toward long-term value creation.

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IIRC Global Conference 2020 now fully virtual

The IIRC is taking its 2020 conference online to deliver a fully optimized virtual conference.

Through a dedicated conference app, attendees will be able to:

  • Network in the virtual exhibition hall before, during and after the conference
  • Engage in practical workshops and small group discussions
  • Learn from live keynotes and in-depth panel discussions, wherever you are.

The conference is designed to ensure we can effectively share the latest strategies for long-term value creation, enabling our networks of international business leaders, investors, finance professionals and leaders in the field to come together to discuss, debate and share the latest thinking in integrated reporting.

Look out for a formal invitation to this Conference – which will now take place over three days between 30 November and 2 December – in your inbox shortly.