South Africa endorses the International <IR> Framework
The Integrated Reporting Committee (IRC) of South Africa, who’s influential members include the Johannesburg Stock Exchange, has this month endorsed the International <IR> Framework. This announcement sees the Framework being adopted to provide global unity in Integrated Reporting, of which over the last few years south africa has been the forerunner.
<IR> in India, Sweden and Australia: a quick ‘around the world wrap up’ for March
India: The Confederation of Indian Industry (CII) hosted ceoPaul Druckman and Policy Director Jonathan Labrey on a visit to New Delhi and Mumbai this month, where they met with the Chairman of the Securities and Exchange Board of India, the Chief Regulatory Officer of the Bombay Stock Exchange and senior representatives of the Indian business community, including Koushik Chatterjee, Group Executive Director Finance and Corporate, Tata Steel.
Integrated Reporting enables a business to have internal agreement on what its strategic drivers are, as well as giving stakeholders a greater understanding of the companies they have an interest in.
Integrated Reporting offers “clarity, conciseness and transparency”
EnBW, one of the largest energy companies in germany and Europe, and iircPilot Programme participant, have stated that, “The EnBW path encompasses, at its heart, a company-wide project which has been set up by the EnBW board of directors to implement the idea of Integrated Reporting across business units.” As detailed in a blog written by Christoph Dolderer, Director of Accounting and Taxes and Dr. Lothar Rieth, Group Expert Sustainability, EnBW have embarked on the journey to Integrated Reporting because, “…it entails the promise that in the future corporations can gain more trust and confidence in reporting from its stakeholders.”
