The global evolution of corporate reporting has taken another significant step forward with the release today of the Consultation Draft of the International Integrated Reporting <IR> Framework. The Framework creates the foundations for a new reporting model which will enable a business to provide a concise communication of how it creates value over time.
The International Integrated Reporting Council (IIRC), which is launching the Framework, is issuing a worldwide invitation to stakeholders to respond to the consultation. Fifteen events are being held around the world to launch the Framework, six of which are being hosted by stock exchanges. The IIRC was established in 2010 and today has a presence in 25 countries globally. Businesses involved in its work include: The Coca-Cola Company, China Light and Power, The Clorox Company, National Australia Bank, Unilever and Hyundai. The 50+ institutional investors that have been involved in shaping and testing the Framework include: Deutsche Bank, Goldman Sachs, Natixis, APG and Norges Bank.