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Integrated Reporting Think Tank Launched

Date: 31 August 2010

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4 pages, 1 figure

Executive Summary

On 2 August, 2010 The Global Reporting Initiative (GRI) and the Prince’s Accounting for Sustainability Project (A4S) officially launched the International Integrated Reporting Committee (IIRC). This new think tank aims to bring together international stakeholders to develop a global reporting standard that incorporates environmental, social, governance and financial information within a single report, under the concept of ‘integrated reporting’. Through this framework the IIRC hopes to support long-term investors and the systematic assessment of sustainability. Regulation will play a supporting role in realizing the IIRC’s ambitions, given an existing EC directive which requires firms to include sustainability issues in annual reports "to the extent necessary for an understanding" of a firm’s progress, and the recent decision by the Johannesburg Stock Exchange to oblige listed firms to publish an integrated report.

TABLE OF CONTENTS

NEW THINK TANK STATES INTEGRATED REPORTING AMBITIONS
Committee Advances Global Framework For Sustainability Accounting
Regulation Will Play A Supporting Role In Achieving IIRC’s Ambitions

TABLE OF FIGURES

Figure 1. IIRC Membership Includes A Broad Range of Accounting Stakeholders

COMPANIES MENTIONED

ACCA, APG, Aviva, BASF, CDP, CIMA, Deloitte, EDF Energy, Ernst & Young, FASB, Grant Thornton, Harvard Business School, HSBC, IASB, Johannesburg Stock Exchange, KPMG, Microsoft, Natura, Nestlé, New Zealand Securities Commission, Novo Nordisk, PwC, Railpen Investments, Southwest Airlines, Tata, GRI, The Prince’s Accounting for Sustainability Project, Tokyo Stock Exchange Group, Transparency International, UNEP Finance Initiative, UN Global Compact, Volans, University of São Paulo, WBCSD, WRI, WWF International