How to approach integrated reporting

In 2013 we wrote a Need to Know article outlining just what Integrated Reporting <IR> was all about. Defined as “a concise communication about how an organization’s strategy, governance, performance and prospects lead to the creation of value over the short, medium and long term” the International Integrated Reporting Council (IIRC) launched their first Integrated Report framework in December 2013.

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After reviewing the framework carefully we have put together some suggestions on how you can approach <IR>:

  1. Place sustainability at the core of your strategy and business model.
  2. Address stakeholder engagement and materiality processes.
  3. Gain commitment to <IR> from Board and senior management.
  4. Plan your approach to <IR> - you can plan it over a 3 year period - just be overt over what you are and are not reporting.
  5. Develop your material issues from feedback from stakeholders and internally.
  6. Review your business model - incorporate all relevant material capitals.
  7. Explain how you create value and connect with the business model and all six capitals.
  8. Describe your strategy and link to value creation.
  9. Ensure connectivity of information.

To find out more about <IR> you can visit the IIRC website and read more in our Need to Know document.