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Integrated reporting

Integrated Reporting (<IR>)

3.1 The International Integrated Reporting Council (IIRC)

The objective of integrated reporting is to try to create a more holistic
and balanced view of the company being reported upon, bringing
together material aspects such as strategy, governance, performance
and prospects in a way that reflects the commercial, social and
environmental context within which it operates.

The IIRC published the first version of its ‘International Integrated Reporting
Framework’ in December 2013.

3.2 The three fundamental concepts underpinning integrated reporting

Value creation for the organisation and for others.

The capitals i.e. the resources and the relationships used and
affected by the organisation (identified in the <IR> Framework as
financial, manufactured, intellectual, human, social and relationship,
and natural capital)

The value creation process.

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