IIRC to release guidance to address Integrated Reporting implementation challenges
The International Integrated Reporting Council (IIRC) has announced that it will release guidance to address implementation challenges of integrated reporting, following a global consultation.
The IIRC published the results from its global consultation launched in March 2017 on the Integrated Reporting <IR> Framework where respondents mainly criticised the multiple capitals approach, connectivity and integrated thinking.
The multiple capitals approach extends the notion of capital in a traditional economic sense to broader sustainability issues but it was described by respondents as too difficult to apply in practice and they expressed a need for guidance. Another issue brought up by the respondents was improving and resolving market understanding of the multiple capital approach, in particular for stakeholders.