"Integrated Reporting" Advances: Global Alliance Builds Links With International Reporting Committee
The Global Alliance is now operating as a communications channel to corporate communicators and all others interested in this significance advance in corporate transparency.
GA's relationship with the International Integrated Reporting Committee has recently been augmented by participation in IIRC's Communication and Engagement Task Force, several GA presentations in the U.S. and a new book review by GA Board member Annette Martell on the recenty-published "One Report".
About the IIRC
At present a range of standard-setters and regulatory bodies are responsible for individual elements of reporting. No single body has the oversight or authority to bring together the different elements that are essential to the presentation of an integrated picture of an organization and the impact of environmental and social factors on its performance. The role of the IIRC is to: 1) raise awareness of this issue and develop a consensus among governments, listing authorities, business, investors, accounting bodies and standard setters for the best way to address it; 2) develop an overarching integrated reporting framework setting out the scope of integrated reporting and its key components; 3) identify priority areas where additional work is needed and provide a plan for development; 4) consider whether standards in this area should be voluntary or mandatory and facilitate collaboration between standard-setters and convergence in the standards needed to underpin integrated reporting; and 5) to promote the adoption of integrated reporting by relevant regulators and report preparers.
International Integrated Reporting Committee
c/o Clarence House
Website: http://www.theiirc.org/; http://www.accountingforsustainability.org/; http://www.princeofwales.gov.uk/