Globalization and interconnectivity mean the world’s finances, people and knowledge are inextricably linked, as evidenced by the global financial crisis. In the wake of the crisis, the desire to promote financial stability and sustainable development by better linking investment decisions, corporate behaviour and reporting has become a global need.
Businesses require an evolution in the system for reporting, facilitating and communicating mega-trends without the complexity and inadequacy of current reporting requirements. Currently, there are significant information gaps in reports, with the organizations such as the World Bank and IMF calling for a greater focus on aspects such as risk and future development.
<IR> has been created to enhance accountability, stewardship and trust as well as to harness the information flow and transparency of business that technology has brought to the modern world. Providing investors with the information they need to make more effective capital allocation decisions will facilitate better long-term investment returns.
<IR> was developed by the IIRC in response to a number of drivers, which have continued to change and evolve in the years since. The IIRC’s long term vision is for integrated thinking to be embedded in mainstream business practice, facilitated by <IR>.
Creating Value is an ongoing series of publications, written to highlight the practical outcomes of adopting <IR>. Broken down by the groups affected most by the decision, such as investors and the board, these resources aim to inspire passion for <IR> by sharing real world examples of improvements made.
Over the past few years, a number of pioneering companies have embraced <IR>, experiencing a range of benefits, challenges and lessons that can help the next wave of adopters. Here you can find a number of case studies that detail their learning journey.