In 2019, for the second year running, Deloitte Norway studied the annual and sustainability reports of the 50 largest companies headquartered in the country, analysing their maturity in terms of integrated reporting and sustainability reporting. Norwegian companies generally recognise that a focus on sustainability and social responsibility provide a competitive advantage, and that access to …
The IIRC welcomes the announcement by the European Commission Executive Vice-President Dombrovoskis on the development of a European non-financial reporting standards. Charles Tilley, CEO, IIRC, said: “The urgency of companies reporting better, more timely, information has rightly come to the fore, particularly given the growing awareness of the environmental risks that face us all. The …
There is no doubt that integrated reporting is the future of corporate reporting. The way that it is adopted into local practice will vary from jurisdiction to jurisdiction, but it is clear that those that have not already implemented integrated reporting, must embrace the concept and start now. As the saying goes, ‘a journey of …
As the World Economic Forum convenes around ‘stakeholders for a cohesive and sustainable world’, the International Integrated Reporting Council (IIRC) today [Tuesday 21 January 2020] presents a new model for integrated thinking that encourages long term, sustainable decision-making, enabling businesses to play their roles as stakeholders of a sustainable world. The report, ‘Integrated Thinking & …
We have joined leading accounting bodies calling for corporate and asset owner action and improved reporting on the UN’s Sustainable Development Goals (SDG) in an attempt to hit goals set for 2030. The recommendations are detailed in the report published today, Sustainable Development Goals Disclosure (SDGD) Recommendations, authored by Carol Adams, Professor of Accounting, with …
A joint ACCA-CFA Institute-IIRC Press Release International and EU experts discussed the contribution of corporate governance and reporting to the Green New Deal and called for global and concerted action at a joint ACCA-IIRC-CFA Institute conference in Brussels Sustainability and a Green New Deal are at the heart of the European Commission’s forthcoming programme. This demands unprecedented …
When it comes to corporate reporting, business as usual is not an option. Investors are saying it, companies are saying it, business leaders and their representatives (most notably the World Business Council for Sustainable Development) are saying it. Companies are disclosing many different things and the absence of standards has led to mixed quality and …
The latest news and developments. In this newsletter published December 2019: International <IR> Framework to be revised in 2020 IIRC’s stakeholders believe progress towards integrated reporting is accelerating IIRC Council meets in New York International Federation of Accountants: We encourage regulators and standard setters to use the <IR> Framework as a foundation for reporting on …
Universities are generally good at identifying who their stakeholders are and describing how they engage with them, but many stop short of articulating the value created for stakeholders by their activities. At Newcastle University we set out our ‘value shared’ with different stakeholders as part of our annual Integrated Report. For example, we create value …
Charles Tilley, Interim CEO, International Integrated Reporting Council and Kevin Dancey, CEO, International Federation of Accountants share their thoughts on the emerging importance of accounting for value creation. This article was originally posted on IFAC’s website on 7 November to coincide with the IIRC’s Council meeting in New York. Accounting is a time-tested discipline. It’s …