Integrated Reporting is a relatively new concept, and has been subject to a variety of interpretations – some of which are more closely linked to sustainability.
In finalising the Framework, the IIRC has provided greater clarity over a number of areas, including the following points:
- Investors are the focus of an integrated report. Information would only be included in an integrated report if it is considered material to an investor’s assessment of the business.
- The purpose of an integrated report is to explain shareholder value creation. It does not set out to value the resources controlled by the business.