IIRC Launches Landmark Integrated Reporting Discussion Paper
IIRC Launches Landmark Integrated Reporting Discussion Paper
Summary
Business and investment leaders today call for a new approach to corporate reporting in a landmark Discussion Paper, called Towards Integrated Reporting – Communicating Value in the 21st Century, published by the International Integrated Reporting Committee (IIRC).
(3BL Media / theCSRfeed) London, UK - September 11, 2011 - Business and investment leaders today call for a new approach to corporate reporting in a landmark Discussion Paper, called Towards Integrated Reporting – Communicating Value in the 21st Century, published by the International Integrated Reporting Committee (IIRC).
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The International Integrated Reporting Committee (IIRC) was established in August 2010 by The Prince’s Accounting for Sustainability Project, the Global Reporting Initiative and the International Federation of Accountants.
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Sir Michael Peat is Chairman of the IIRC and Principal Private Secretary to TRH The Prince of Wales and The Duchess of Cornwall.
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Professor Mervyn King is Deputy Chairman of the IIRC and Chairman of the Global Reporting Initiative.
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The IIRC brings together a cross section of representatives from the corporate, investor, accounting, securities, regulatory, and standard-setting communities to oversee the development of an ‘integrated reporting model’ that will reflect the interconnected nature of economic, environmental, social and governance factors in organizations’ annual reporting.
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The deadline for providing feedback on the Integrated Reporting Discussion Paper is Wednesday, 14 December 2011. The IIRC will also be commencing a pilot programme in October 2011 to road test this framework.
About the International Integrated Reporting Committee
The International Integrated Reporting Committee (IIRC) has brought together world leaders from the corporate, investment, accounting, securities, regulatory, academic, civil society and standard-setting sectors to develop a new approach to reporting. The IIRC was established in August 2010 by The Prince’s Accounting for Sustainability Project, the Global Reporting Initiative and the International Federation of Accountants. The membership of IIRC includes representatives from the main global accounting firms and bodies, the UN, the International Organization of Securities Commissions, the International Monetary Fund, the Financial Stability Board (as observers), the International Accounting Standards Board and the Financial Accounting Standards Board, as well as from a range of businesses, investors, non-governmental organizations and academic institutions. Over a quarter of the IIRC members represent investors and business. Half of the members come from international organizations. www.theiirc.org.
About the United Nations Global Compact
Launched in 2000, the United Nations Global Compact is a call to companies around the world to align their strategies and operations with ten universal principles in the areas of human rights, labour, environment and anti-corruption, and to take action in support of broader UN goals. Through the development, implementation, and disclosure of responsible corporate policies and practices, business can help ensure that markets advance in ways that benefit economies and societies everywhere. With more than 8,000 signatories in over 135 countries, it is the world’s largest corporate responsibility initiative. www.unglobalcompact.org
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