The global environment has changed and corporate reporting needs to keep up with the needs of its users. Integrated Reporting aims to provide a remedy. Using a principles-based framework to determine content, an Integrated Report presents information on the business model and strategic objectives, holistic performance and governance in a concise and transparent manner.
Three features of Integrated Reporting will represent a significant change to current practice:
- Holistic performance requires reporting to , recognising other measures of performance.
- Its longer term and nature will provide a better understanding of how current and future events affect value.
- Its integration of information with the will provide greater transparency, by linking performance to strategic objectives.