The International Integrated Reporting Framework and Integrated Thinking Principles are used around the world—in over 75 countries—to advance communication about value creation, preservation and erosion.
Integrated thinking and integrated reporting are mutually reinforcing:
- Integrated thinking considers holistically the resources and relationships an organisation uses or affects and the dependencies and trade-offs between them as value is created, thereby helping to break-down internal silos.
- The Integrated Reporting Framework drives high quality corporate reporting and connectivity between financial statements and sustainability-related financial disclosures, bringing together the information that investors need to assess a company’s ability to create value over time.
The IFRS Foundation is committed to building on the work of existing investor-focused reporting initiatives.
Part of this effort includes further developing the Integrated Reporting Framework, for which the International Accounting Standards Board (IASB) and the International Sustainability Standards Board (ISSB) assumed responsibility when the Value Reporting Foundation consolidated into the IFRS Foundation in August 2022.
The Chairs of the IASB and the ISSB have made a long-term commitment to developing a corporate reporting framework, including principles and concepts from the current Integrated Reporting Framework. A corporate reporting framework would:
- provide guidance to companies on how to prepare an integrated report
- support alignment between the reporting required by the IASB and the ISSB, and
- enable companies to produce connected and cohesive corporate reporting.
The IASB and the ISSB will work together to determine how to build on and integrate the Integrated Reporting Framework into their standard-setting projects and requirements. During this transition, the Chairs of the IASB and ISSB actively encourage companies to continue adopting the Integrated Reporting Framework.
