Global change-makers meet to set out course to new system of corporate reporting

Posted
10 November, 2015

L de Rothschild and P Druckman IR Convention Nov 2015
 

Lady Lynn de Rothschild, CEO, E.L. Rothschild; Co-Founder, Coalition for Inclusive Capitalism and Paul Druckman, CEO, International Integrated Reporting Council at the 2015 Official Integrated Reporting Convention.
 
Tuesday 10 November 2015 – Some of the world’s biggest names in business and investment from 25 countries meet in London today to set out how they are making the transition to Integrated Reporting, a new system of corporate reporting based on managing and communicating a broad-based approach to value creation. Integrated Reporting is being adopted by more than 1,000 businesses worldwide.

Over 180 representatives gather for the 2015 Official Integrated Reporting Convention organized by the International Integrated Reporting Council (IIRC). Attendees will hear a keynote address from business woman and Co-Founder of the Coalition for Inclusive Capitalism, Lady Lynn Forester de Rothschild.

The Convention will focus on the practical implementation of Integrated Reporting, including how embedding a “multi-capitals” approach to value creation contributes to long-term decision-making and investment. The key goals of Integrated Reporting are to contribute to financial stability and sustainable development.

Paul Druckman, CEO of the IIRC, said:

“Business as usual is no longer an option. New models are challenging conventional wisdom and established companies must adapt to the ‘new normal’ of innovation and disruption. The consumer has never been more powerful and technology will continue to accelerate this trend. Amid this change, many companies are redefining the parameters of their own success, and with mainstream providers of financial capital, they are achieving a new balance between profit today and sustainable performance over the long-term.

“Integrated Reporting is the tool businesses need to make this transition, stay ahead of the competition and remain connected to customers, employees and other stakeholders on whom their future success depends”.

Lady Lynn Forester de Rothschild, CEO, E.L. Rothschild; Co-Founder, Coalition for Inclusive Capitalism, said:

“Society is demanding inclusive capitalism, and inclusive capitalism is impossible without Integrated Reporting that measures people, planet and product.”

Among the companies participating in today’s Convention are: DBS Bank, Nestlé, Marks & Spencer, the World Bank, Fujitsu, Deutsche Bank and JLL.