Integrated reporting <IR>
Integrated reporting (<IR>) is a new approach to corporate reporting which is rapidly gaining international recognition.
The International Integrated Reporting Council (IIRC)’s framework for <IR> launched in December 2013.
<IR> demonstrates how organisations really create value:
- It is a concise communication of an organisation’s strategy, governance and performance
- It demonstrates the links between its financial performance and its wider social, environmental and economic context
- It shows how organisations create value over the short, medium and long term
Browse the IIRC database of <IR> examples.
Why use <IR>?
Increasingly, businesses are expected to report not just on profit but on their impact on the wider economy, society and the environment. Integrated reporting gives a ‘dashboard’ view of an organisation’s activities and performance in this broader context, which will:
- Enable more effective decision making at board level
- Improve the information available to investors
- Encourage more integrated thinking and business practices
Using <IR> to create value and tell the full story
We have produced a guide and toolkit for C-suites encouraging the adoption of <IR>. 'Tomorrow’s business success' shows how chairmen, CEOs and CFOs can use <IR> to help create value and effectively tell the full story.
Download the guide and toolkit.
Current perceptions of <IR>
We surveyed C-suite members of CIMA and the American Institute of CPAs (AICPA) about their views on their current reporting and their perceptions of <IR> as a reporting framework. The results of the survey provide valuable insights for both the authors and audiences of corporate reports.
Download the survey results at CGMA.org
CIMA and <IR>
CIMA plays a key role in the IIRC: Chief Executive Charles Tilley sits on the IIRC Council and also chaired the IIRC Technical Task Force, the body responsible for developing the ﬁrst version of the <IR> framework.
Integrated reporting is actively helping us to become a better and more accountable organisation. It causes us to think beyond compliance and ﬁnancial reporting to deeply examine all the ways in which we deliver sustainable value, and is a highly practical way of redeﬁning how business is done.