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IIRC Framework Is Only Relevant For A Select Few Leaders

Date: 06 June 2014

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9 pages

Executive Summary

This report helps sustainability directors, CFOs and marketing professionals in corporate reporting roles understand what the latest International Integrated Reporting Council’s <IR> Framework means for their firm’s reporting and communication practices. Published in December 2013, the IIRC’s Framework emphasizes the interdependence of six capitals: financial, manufactured, intellectual, human, social and relationship, and natural capital. The IIRC Framework also outlines seven guiding principles and eight suggested elements for a comprehensive integrated report. Verdantix expects the IIRC Framework will struggle to receive mainstream adoption in the near future due to technical challenges and the lack of practical guidance. Despite this, integrated reporting will continue to generate business and investor interest as it is a fundamental part of the concurrent development of high-level frameworks, non-financial disclosure metrics and measurement methodologies, assurance standards, and regulations that will shape sustainability reporting.

TABLE OF CONTENTS

IIRC FRAMEWORK IS ONLY RELEVANT FOR A SELECT FEW LEADERS

IIRC Framework Provides Guidance For Integrated Reporting
Some Sustainability Leaders Already Use Elements Of The IIRC Framework
Only Firms Seeking To Lead Their Sectors On Sustainability Should Apply The IIRC Framework

TABLE OF FIGURES

Figure 1. Overview Of The IIRC Framework Concepts, Principles And Elements

ORGANIZATIONS MENTIONED

AkzoNobel, Aviva Investors, BASF, BT, Clorox, Coca-Cola, Deloitte, Deutsche Asset & Wealth Management, Environmental Resources Management (ERM), Ernst & Young, European Parliament, European Union (EU), Forest Stewardship Council (FSC), Global Reporting Initiative (GRI), Goldman Sachs, HSBC, International Integrated Reporting Council (IIRC), Interserve, Johannesburg Stock Exchange (JSE) Limited, Jones Lang LaSalle, The Kering Group, KPMG, Microsoft, The Mondi Group, Novo Nordisk, PepsiCo, Pfizer, PricewaterhouseCoopers (PwC), The Prince’s Accounting for Sustainability Project (A4S), PUMA, SAP, The SCA Group, Southwest Airlines, Sustainability Accounting Standards Board (SASB), Trucost, Wyndham Hotel & Resorts