Special Interest Group: Integrated thinking & Strategy

This special interest group, focusing on ‘integrated thinking and strategy‘ offers world-renowned and innovative organizations the opportunity to share thinking about developing strategy across multiple capitals, learn from world leaders and co-create a common view of integrated thinking that is globally relevant to help build resilient, future-fit businesses.

A diverse group of organizations have come together to lead the special interest group, including:

  • Association of International Certified Professional Accountants
  • Natural Capital Coalition
  • Said Business School, University of Oxford
  • The Prince’s Accounting for Sustainability
  • The World Bank

Christian Heller, who leads BASF’s impact measurement and valuation program, is the group’s co-chair alongside the IIRC’s Jyoti Banerjee.

Why has the IIRC started this group?

Traditional business management, based on financial analysis, has not kept pace with the seismic shifts taking place over the last thirty years. The value of intangible assets has now grown to over 80% of total market value for S&P 500 companies. Today, the best performers are basing their business decisions on interconnected and forward-looking information across multiple capitals, with a view to sustainable value creation.

In 2016, Larry Fink, chairman of BlackRock, wrote to CEOs of leading companies asking them to communicate to shareholders their annual strategic frameworks for long-term value creation.  The 2018 edition of Larry Fink’s letter also challenged CEOs to consider their social purpose. Many others, from Paul Polman to Jamie Dimon, have joined the chorus around considering the longer term, as well as the short and medium term.

A number of questions arise:

  • What are the strategic imperatives behind longer-term value creation across the range of capitals that businesses rely on (from financial and manufactured capital to human, intellectual, social, relational and natural capital)?
  • What multi capital decision tools can businesses use that are credible in the board room? With your investors?
  • How are companies dealing strategically with these and other challenges of corporate governance and performance management?

Network Group meeting notes from Paris

Please also see this link to download the notes from our recent Network meeting in Paris. We heard from some truly inspirational speakers such as Pavan Sukhdev and Mervyn King. We benefited from the insight
and experiences of organizations such as ABN AMRO, Atos, HSBC, Solvay and the World Bank.
But the real stars were all the participants who together brought depth of insight, reservoirs of experience and a keenness to make a difference. The work that started in Paris now needs to be taken forward by the Integrated Thinking & Strategy group. This document summarizes the thoughts that emerged from our working together, and outlines our plans for what happens next.

How to get involved

This invitation-only network features leading organizations, from any global sector or region, that want to develop relationships with other businesses innovating in the evolution of integrated thinking and strategy. Some participants have already adopted integrated reporting and are seeking to take further their integrated thinking, as they increasingly understand its essential role.  Others recognize the need to manage the multiple capitals they deploy in their businesses, even if they are not adopting integrated reporting.  Individual participants in the group are likely to come from a number of different parts of the organization:

  • Finance management and performance management
  • Strategy development
  • Sustainability
  • Human capital

To register your interest in joining this group, please enter your details below:

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You can also contact the IIRC directly: