This paper provides an overview of integrated reporting, its benefits, and next steps towards the development of an Integrated Report.
The Integrated Report will focus on a comprehensive overview of a company’s strategy, performance in implementing it, and insights into performance prospects.
The benefits include:
- an improved basis for capital allocation
- potentially a lower cost of capital
- reduced reporting costs
- better business performance through improved organisational clarity.
The next steps for the IIRC will be the development of an Exposure Draft, followed by a final version of the Integrated Reporting Framework.
A pilot program will be run between 2011 and 2013 to ensure the Integrated Reporting Framework can be applied in practice.