Finance Reporting | VLearn.org
Steve Waygood, Head of Sustainability Research and Engagement at Aviva Investors talk to the IIRC about Aviva’s persective on the importance of providing investors and comminities with a holistic view of the company. In 2011 a coalition of institutions led by Aviva Investors, called on United Nations’ member states to develop a global policy framework that requires listed and large private companies to integrate sustainability information throughout their annual report and accounts – or explain why they are unable to do so.
The Consultation Draft of the International <IR> Framework (the Framework) was released on Tuesday 16 April 2013 in 10 global capital markets, including Sydney. A 90 day consultation period follows, ending on Monday 15 July 2013.
During the consultation period the International Integrated Reporting Council (IIRC) seeks to gain active participation from stakeholders through a series of technical workshops to encourage debate and formal feedback on the consultation questions. This feedback will be considered by the IIRC in preparation of the International <IR> Framework v1.0, scheduled for release in December 2013.
For version 1.0 of the Framework to reflect the needs of businesses, the providers of financial capital across markets and other stakeholders, we need to ensure that as many voices as possible are heard during the Consultation Draft Period. The workshop will provide an opportunity for you to deepen your understanding of the <IR> Framework, as well as <IR> in the broader context.
Tags: IIRC, AVIVA, Integrated Reporting, Paul Druckman,
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Paul Druckman, CEO of the IIRC talks to VLearn about the work of ‘International Integrated Reporting Council’. In this interview Paul puts to bed some misconceptions about Integrated Reporting; including the perception that IR is a new initiative. Paul also answers questions on whether IR should be a mandatory requirement and explains how there is empirical evidence that this can bring about ‘unintended consequences’.
IR is a process that results in communication, most visibly a periodic “integrated report”, about value creation over time. An integrated report is a concise communication about how an organization’s strategy, governance, performance and prospects lead to the creation of value over the short, medium and long term. An integrated report should be prepared in accordance with the International IR Framework.
While the communications that result from IR will be of benefit to a range of stakeholders, they are principally aimed at providers of financial capital.
The International Integrated Reporting Council (IIRC) is a global coalition of regulators, investors, companies, standard setters, the accounting profession and NGOs. Together, this coalition shares the view that communication about businesses’ value creation should be the next step in the evolution of corporate reporting.
The IIRC is leading the development of a global framework for Integrated Reporting.
For more information visit www.theiirc.org
TAGS “MBA” “ACCOUNTING & FINANCE” “REPORTING” “IIRC”
Richard Martin is Head of Corporate Reporting for the ACCA (Association of Chartered Certified Accountants). Here he talks to VLearn about the organisation and answers questions on Integrated Reporting and the impact this important new area is having on the accountancy profession.
Tags: “IIRC” “ACCA” “Paul Druckman” “Richard Martin” “Integrated Reporting”
Professor Ruth Bender suggests “Sustainability is just another aspect of performance” a simple but very insightful observation. In this video she looks at some of the nuances of the contextual relevance of reporting in different industries and explains the the potential implications of the G4 Global Reporting Initiative.
Source: Cranfield School of Management Tags: “IIRC” “Integrated Reporting” “Paul Druckman” “Ruth Bender” “Cranfield” “Doughty Centre”
Harvard Professors Robert Eccles & Michael Krzus discuss their book ‘One Report’ and their hopeful outlook that IR will become a social norm.
The book is available on Amazon.
Tags “HBS” “Integrated Reporting” “IIRC” “Paul Druckman” “Robert Eccles” “Michael Krzus”