Page 371 - SBR Integrated Workbook STUDENT S18-J19

Analysis and interpretation

Integrated reporting

7.1 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.'

7.2 Integrated reports

An integrated report outlines how an entity creates value 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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