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Non-financial reporting

Integrated reporting

3.1 The International Integrated Reporting Council

The International Integrated Reporting Council (IIRC) was created to produce a
concise but comprehensive integrated reporting framework.

The IIRC define an integrated report (IR) as 'a concise communication about how an
organisation’s strategy, governance, performance and prospects, in the context of its
external environment, lead to the creation of value in the short, medium and long-
term.'

3.2 Integrated reports

An integrated report concerns how value is created over the short, medium and long-
term.

Value is conceptualised in terms of capitals. The IR Framework identifies six
capitals:

 Financial

 Manufactured

 Intellectual

 Human

 Social and relationship

 Natural

Central to integrated reporting is the impact that a business has on the full range of
capitals through its business model.

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