The International Integrated Reporting Council (IIRC) Framework

Upcoming

The International Integrated Reporting Council (IIRC) is a global coalition of regulators, investors, companies, standard setters, the accounting profession and NGOs. Launched in 2010 by partners including The Prince of Wales “Accounting for Sustainability” (A4S) Project and Global Reporting Initiative, the IIRC is promoting communication about value creation as the next step in the evolution of corporate reporting.

In 2014 the IIRC launched its international Integrated Reporting <IR> Framework. Aimed primarily at long-term investors, the Framework offers Guiding Principles and Content Elements for the development of integrated reports. On contrast to sustainability reporting, the primary audience of the Integrated Report is specifically the “providers of financial capital”. The Integrated Report is defined as: “a concise communication about how an organization’s strategy, governance, performance and prospects, in the context of its external environment, lead to the creation of value over the short, medium and long term”. The <IR> Framework adds that the “primary purpose of an integrated report is to explain to providers of financial capital how an organization creates value over time. It therefore contains relevant information, both financial and other”. Integrated reporting therefore builds on annual financial and sustainability reporting.

Scope

General sustainability/ESG/non-financial

Industry sectors covered by the instrument

All/none specified

Organizations covered by the instrument

Type of instrument

Legislation

Mandatory or voluntary

The geographical scope

International/regional (eg. EU)

Project Partners