Environmental

Integrated reporting discussion paper released

Business reporting must evolve to account for the changed realities brought about by globalisation and its resulting interdependencies, and increased population growth and increasing global consumption, according to a discussion paper by the International Integrated Reporting Committee (IIRC). The IIRC's paper outlined a new approach to integrated reporting that seeks to simplify complex architecture while disclosing critical interdependencies and accounting for non-financial factors and environmental, social and governance (ESG) factors.

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Read more: IR,  IIRC,  integrated reporting,  accounting,  ESG,  International Integrated Reporting Committee,  Carbon Disclosure Project,  Climate Disclosure Standards Board,  Collaborative Venture on Valuing Non-Financial Performance,  corporate reporting,  environmental social and governance,  European Federation of Financial Analysts,  FASB,  Financial Accounting Standards Board,  GAAP,  Global Reporting Initiative,  GRI,  IASB,  IFRS,  International Accounting Standards Board,  International Corporate Governance Network,  UN Global Compact,  United Nations (UN) Conference on Trade and Development,  World Intellectual Capital Initiative