In conversation: insights into integrated reporting

摘要

Professor Chow: What is integrated reporting? Professor Eccles: To the extent to which people have heard of integrated reporting, the common perception is that it is kind of a mash-up of a company's financial report and sustainability report. That is not true. An integrated report is defined as follows by the International Integrated Reporting Council (IIRC): 'An integrated report is a concise communication about how an organisation's strategy, governance, performance and prospects, in the context of its external environment, lead to the creation of value in the short, medium and long term'. In other words, an integrated report contains information on financial and environmental, social, and governance (ESG) performance that is important to investors - the primary audience of an integrated report. The concise International Integrated Reporting Framework (IR Framework)actuslly only uses the word 'sustainability' three times. Of course, others interested in a holistic view of a company's performance and prospects will find an integrated report useful as well.