A vast majority (98%) of global business executives say that it is now critical for organizations to have corporate purpose, according to a new report: Purpose Drives Profit: How Global Executives Understand Value Creation Today. The interdependency of purpose and profit is clearer than ever before, with executives reporting a significant jump in investor interest …
Last month we celebrated the beginning of a new era as the IIRC and SASB officially merged into the Value Reporting Foundation, a clear response to calls for clarity and simplicity in the corporate reporting landscape. The Value Reporting Foundation is a global nonprofit that supports business and investor decision-making with three key resources: Integrated …
Yıldız Technical University, with its 108 years of history, is one of Turkey’s largest technical universities. In line with the UN Sustainable Development Goals (SDGs), the university has taken on the responsibility to improve the sustainability of universities in Turkey. Yıldız Technical University has used the development of its Integrated Annual Report to achieve this …
The International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) today officially announce their merger to form the Value Reporting Foundation. The Value Reporting Foundation supports business and investor decision-making with three key resources: Integrated Thinking Principles, Integrated Reporting Framework and SASB Standards. These tools help businesses and investors develop a shared …
On 2 June 2021, EU policy makers, global standard-setters, business, investors and the accountancy profession discussed the role of sustainability reporting in driving the changes in business behaviour that will benefit people and planet over the long-term at a joint ACCA, IIRC & SASB event, as part of EU Green Week 2021. Against the backdrop …
The International Integrated Reporting Council (IIRC) today publishes its latest integrated report ‘Driving Cohesion‘ ahead of the merger with the Sustainability Accounting Standards Board (SASB) to form the Value Reporting Foundation. The report was developed through a process of integrated thinking led by the IIRC Board and management. The process enabled a better understanding of the …
The International Integrated Reporting Council (IIRC) and Sustainability Accounting Standards Board (SASB) welcome the release of the International Accounting Standards Board (IASB) Practice Statement on Management Commentary Exposure Draft, and steps taken to ensure context is provided to financial statements that take into account wider corporate reporting. The IIRC and SASB see this consultation period …
The IIRC has today published the updated translation of the International <IR> Framework in Russian, to support the understanding and adoption of integrated reporting in Russia. In January 2021, the IIRC published revisions to the International <IR> Framework to provide further guidance and clarity to report preparers and advance high-quality adoption of integrated reporting and …
Integrated thinking across an organization is essential to create a must-read report. Analysis of 14 company’s annual integrated reports by ACCA (the Association of Chartered Certified Accountants) reveals that while there are clear opportunities in integrated thinking to help define purpose and understand value creation, the proliferation of reporting frameworks, recommendations and standards is making …
The <IR> Business Network’s Integrated Thinking & Strategy Group publishes its latest case study on integrated thinking in action from Munich Airport. Flughafen München GmbH, founded in 1949, operates Munich Airport – the second largest airport in Germany. As a full-service operator it provides services in every area of airport management. Integrated thinking has supported …