The International Integrated Reporting Council (IIRC) will release the consultation draft of the IR framework on 16 April for a three-month comment period from stakeholders. Ahead of that, The Sustainability Report spoke with two Australian companies that are participating in IIRC’s pilot programme – NAB and Stockland – to gauge their views on the utility of the IR framework. There are 85 business around the world that are participating in the pilot programme to test and report back on the process of applying IR’s principles, content and practical application. The pilot programme will run through September 2014, to allow participants time to test the framework during the reporting cycle that follows its launch.
Read the full story (3 April 2013) by Rachel Alembakis in The Sustainability Report here.
NB – The Global Reporting Initiative (GRI) co-founded the International Integrated Reporting Council (IIRC) because the future of corporate reporting is the integration of financial and sustainability strategy and results. For more about the IIRC, check out their website here.
The International Integrated Reporting Council (IIRC) is a global coalition of regulators, investors, companies, standard setters, the accounting profession and NGOs. Together, this coalition shares the view that communication about businesses’ value creation should be the next step in the evolution of corporate reporting.