What is the IIRC framework?

The International Integrated Reporting Framework is used to accelerate the adoption of integrated reporting across the world with an aim to: Improve the quality of information available to providers of financial capital to enable a more efficient and productive allocation of capital.

What are the 6 types capitals of integrated reporting?

The six capitals are financial, manufactured, intellectual, human, social and relationship, and natural. By taking these into account when reporting on performance, a company provides a fuller picture of the way in which it creates value.

What are the eight content elements?

An integrated report is required to include the following eight key Content Elements:

• Organizational overview and external environment.
• Governance.
• Business model.
• Risks and opportunities.
• Strategy and resource allocation.
• Performance.
• Outlook.
• Basis of preparation and presentation.

How do you create an integrated report?

8 Steps to Producing an Integrated Report

1. Step 1: Form a cross-functional integrated team.
2. Step 2: Define your report’s objectives and scope.
3. Step 3: Prepare a strategic brief and secure buy-in.
4. Step 4: Establish disclosure, methodology and data capture processes.
5. Step 5: Write and design for all communication vehicles.

When did IIRC start?

August 2010
The IIRC was formed in August 2010 and had the objective to create a globally accepted framework for a process that results in communications by an organisation about value creation over time.

What is IIRC in sustainability reporting?

The International Integrated Reporting Council, IIRC, is a powerful, international cross section of leaders from the corporate, investment, accounting, securities, regulatory, academic and standard-setting sectors as well as civil society.

What are the six forms of capital that are essential to nonprofit organization functioning?

The 6 Kinds of Capital Your Business Can’t Survive Without

• Internal economic capital.
• External economic capital.
• Natural capital.
• Human capital.
• Social and relationship capital.
• Constructed capital.

What integrated reporting means?

An integrated report is 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.”

What are the fundamental concepts of integrated reporting?

There are three fundamental concepts underpinning : Value creation, preservation or erosion for the organisation and for others. The capitals, which are identified in the Framework as financial, manufactured, intellectual, human, social and relationship, and natural capital.

What are the challenges of implementing integrated reporting?

Barriers can include difficulties in aligning key stakeholders and senior management behind integrated reporting, finding sufficient dedicated resources, addressing concerns about the legal liability of directors in relation to future-orientated discussion, and overcoming prescriptive regulatory requirements.

Which statements are the purpose of the framework for integrated reporting?

The purpose of the Framework is to establish guiding principles and content elements that govern the overall content of an integrated report, and to explain the fundamental concepts that underpin them.