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Integrated Reporting > The International Integrated Reporting Committee

The International Integrated Reporting Committee (IIRC)

After the idea of a global collaborative body on integrated reporting was first sprouted late in 2009, the IIRC became a reality in July 2010. The IIRC brings together an impressive list of organizations, including the Global Reporting Initiative (GRI), The Prince’s Accounting for Sustainability Project (A4S), International Federation of Accountants (IFAC,) International Accounting Standards Board (IASB,) Financial Accounting Standards Board (FASB), United Nations Environmental Programme  Finance Initiative, UN Global Compact, Carbon Disclosure Standards Board (CDSB), International Organization of Securities Commissions (IOSC), WWF, and  the World Business Council for Sustainable Development (WBCSD).

Its mission is “To create a globally accepted integrated reporting framework which brings together financial, environmental, social and governance information in a clear, concise, consistent and comparable format. The aim is to help with the development of more comprehensive and comprehensible information about organisations, prospective as well as retrospective, to meet the needs of a more sustainable, global economy.”

The principal role of the IIRC is to:

  1. reach a consensus among governments, listing authorities, business, investors, accounting bodies and standard setters for the best way to tackle the challenges of Integrated Reporting
  2. identify priority areas where additional work is needed and provide a plan for development
  3. develop an overarching Integrated Reporting framework, which sets out the scope and key components of Integrated Reporting
  4. consider whether standards in this area should be voluntary or mandatory
  5. promote the adoption of Integrated Reporting by relevant regulators and report preparers

For a full list of the members and to read the launch media release dated 2 August 2010 click here

The IIRCs second meeting, in January 2011, was held in Beijing, China. Its third was in New York in May 2011.

The IIRC released its first Discussion Paper on a framework for an integrated report on 12 September 2011. The Paper is open for a public comment period and will be further influenced by the results of a two-year pilot programme involving 200 companies around the world. It is expected that final guidance will be issued in late 2013.

The IIRC’s website address is http://www.theiirc.org

The IIRC’s call for 200 companies

Is your company keen to join the international pilot programme for integrated reporting run by the International Integrated Reporting Committee (IIRC)? Or as an investor, are you keen to join the Investor group that will offer advice and feedback to the piloting companies and the IIRC? The IIRC is looking for 200 companies to participate in its pilot programme implementing its principles and framework for integrated reporting. The companies will have regular feedback sessions and will receive support during the piloting process. But note there is a cost – about 10 000 pounds – and after applying, the IIRC will select the 200 companies for the pilot programme. Read more>>

The IIRC’s website address is http://www.theiirc.org

 
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