Business knows it has to change to survive. The concept of ‘business as usual’ has become redundant. It is now commonplace in business circles to hear dire warnings about how artificial intelligence will fundamentally disrupt today’s business models, how the contract between business and society is breaking down, and how climate change adaptation will strand …
Major international corporate reporting standard setters and framework providers have today [Wednesday 7 November 2018] announced a ground-breaking new two-year project focused on driving better alignment in the corporate reporting landscape, to make it easier for companies to prepare effective and coherent disclosures that meet the information needs of capital markets and society. Launched simultaneously at the …
New research, guidance and core indicators for integrated reporting by enterprises in how they are contributing to the Sustainable Development Goals (SDGs), is being released at the United Nations in Geneva today (24 October 2018), in partnership with the International Integrated Reporting Council (IIRC). Agenda 2030 provides the context to accelerate global progress towards the integration …
The International Integrated Reporting Council has welcomed the publication of ‘Investor Agenda for Corporate ESG Reporting’ – the result of investor collaboration to set out a clear statement on what investors need from ESG reporting. The report states that the group of investors consider integrated reporting “to be a desirable end goal.” The publication is …
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 84% of total market value for S&P 500 companies, according to analyst Ocean Tomo. Yet we persist in running our businesses on the …
The IIRC was founded in 2010 with the goal to provide tooling, modeling and thought leadership to represent how companies around the world work and measure success in the 21st century. The goal was to create a globally accepted framework for a process that results in communications by an organization about value creation over time. With …
In August, U.S. President Donald Trump tweeted, “In speaking with some of the world’s top business leaders I asked what it is that would make business (jobs) even better in the U.S. “Stop quarterly reporting & go to a six month system,” said one. That would allow greater flexibility & save money. I have asked …
The Principles for Responsible Investment (PRI) include among its commitments the undertaking by signatories that they will incorporate ESG issues into their practices and seek appropriate disclosure on ESG issues by the entities in which they invest. One practical illustration of this, not to be underestimated, is to simply ask investee entities during engagements: Do …
As Dominic Barton is announced as the new Chair of the IIRC Council, he sat down with the IIRC’s CEO, Richard Howitt, to discuss his vision for the future of integrated reporting globally, the role he sees himself playing in building momentum and the importance of multi-capitalism and long-termism in business today.
Dominic Barton, Senior Partner and former Global Managing Partner from 2009 to 2018 at McKinsey & Company, has been appointed Chair of the International Integrated Reporting Council (IIRC), the global body driving reform in company reporting. Mr. Barton will bring leading thinking on business strategy, the shift to long-term investment and on the future of …