During the past decade, there has been much concern about sustainability reporting, and the way we think about corporate business reporting. Relevant, understandable, and reliable business reporting lies at the heart of strong capital markets and sustainable economic growth. At the same time, there has been an increasing recognition that, in order to achieve sustainability, organisations must follow good governance practices and manage financial, environmental, and social dimensions of performance.
The International Integrated Reporting Council (IIRC) is a global coalition of regulators, investors, companies, standard setters, the accounting profession and NGOs, which shares the view that communication about businesses' value creation should be the next step in the evolution of corporate reporting. The mission of the IIRC is to create a globally accepted International Framework for corporate business reporting that encompasses information about an organisation's strategy, governance, performance and prospects in a clear, concise and comparable format. This format of 'Integrated Reporting' will enable stakeholders of an organisation to make better informed decisions. The IIRC website contains substantial information and materials related to Integrated Reporting, and can be found at: http://www.theiirc.org
Sustainability and intergrated reporting is an interest area of the International Federation of Accountants (IFAC), and IFAC is of view that the accountancy profession should lead the way. Information about IFAC's involvement in this area and/or related materials on this matter can be found at: http://www.ifac.org/issues-insights/governance-sustainability
Sustainability and Integrated Reporting (IR) is one of the emerging topics for the accountancy profession that CAPA supports. CAPA has held various activities focused on integrated reporting. Further details of such activities can be found in the Sustainability & IR category of the CAPA Resource Materials section.