What is the IIRC framework?

What is the IIRC framework?

The IIRC was formed in August 2010 and had the objective to create a globally accepted framework for a process that results in communications by an organisation about value creation over time. As such, the Framework was taken on by the VRF as one of its key resources and will now be maintained under its auspices.

What are the 6 types capitals of integrated reporting?

The IIRC recognises six distinct but interrelated capitals: financial, manufactured, natural, human, intellectual and social and relationship.

What are the contents of integrated reporting?

1.1 An integrated report is a concise communication about how an organization’s strategy, governance, performance and prospects, in the context of its external environment, lead to the creation, preservation or erosion of value over the short, medium and long term.

What are the capitals recognized in the preparation of an integrated report for a textile industry?

The capitals are categorized in the Framework as financial, manufactured, intellectual, human, social and relationship, and natural.

Who founded the IIRC?

The IIRC was formed in 2010 by The Prince of Wales’ Accounting for Sustainability Project, the Global Reporting Initiative and the International Federation of Accountants.

Is integrated reporting mandatory in South Africa?

South Africa is the only country where integrated is mandated on a “comply or explain” basis in a much more principles-based and less litigious reporting regime.

What are the 7 capitals?

The seven community capitals are financial, built, social, human, cultural, natural, political and human. Community capitals play an integral role in the economic and community development of an area.

What are the six forms of capital that are essential to nonprofit organization functioning?

The 6 Kinds of Capital Your Business Can’t Survive Without

  • Internal economic capital.
  • External economic capital.
  • Natural capital.
  • Human capital.
  • Social and relationship capital.
  • Constructed capital.

What are the guiding principles of integrated reporting?

The Seven Guiding Principles of Integrated Reporting

  • Strategic focus and future orientation.
  • Connectivity of information.
  • Stakeholder relationships.
  • Materiality.
  • Conciseness.
  • Reliability and completeness.
  • Consistency and comparability.

What are the key elements of an integrated report?

An integrated report is required to include the following eight key Content Elements:

  • Organizational overview and external environment.
  • Governance.
  • Business model.
  • Risks and opportunities.
  • Strategy and resource allocation.
  • Performance.
  • Outlook.
  • Basis of preparation and presentation.

What are the six types of capital?

Is IIRC mandatory?

Currently, integrated reporting is not mandatory in almost all countries including Japan. The following effects on external relationships with investors and internal relationships within an organization are cited by the International Integrated Reporting Council (IIRC) as benefits of integrated reporting.

How do I access the IIRC framework?

The current version of the Framework can be accessed on the IIRC website. The purpose of the Framework is to establish guiding prin­ci­ples and content elements that govern the overall content of an in­te­grated report, and to explain the fun­da­men­tal concepts that underpin them.

When was the first version of the IIRC’s IR Framework published?

After a con­sul­ta­tion process, the IIRC published the first version of its ‘International In­te­grated Reporting Framework’ ( Framework) in December 2013.

What is the IIRC doing?

IIRC publishes results of integrated reporting implementation consultation 13 Oct 2017 Earlier this year the International Integrated Reporting Council (IIRC) launched a two-month consultation to gauge businesses’ views on the implementation of the framework, to inform on further development.

What is the IIRC and the VRF?

The IIRC was formed in August 2010 and had the objective to create a globally accepted framework for a process that results in com­mu­ni­ca­tions by an organisation about value creation over time. In June 2021, the IIRC merged with the Sus­tain­abil­ity Accounting Standards Board (SASB) to form the Value Reporting Foun­da­tion (VRF).