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International Integrated Reporting Framework on track for publication in 2013, confirms IIRC.

Posted 8 June, 2012

London (June 8, 2012) – The International Integrated Reporting Council (IIRC) today confirms plans to publish the world’s first Integrated Reporting Framework by the end of 2013.  The IIRC also publishes a summary of responses to its Discussion Paper launched in September 2011.

The responses demonstrate overwhelming stakeholder support for the IIRC to begin the next phase of its framework development.  This will include specific work streams on several topics including materiality, the concept of value and business model.  The IIRC will conduct this phase in close dialogue with a full range of stakeholders to ensure the process is transparent and informed by market participants.

The Integrated Reporting Framework will underpin and accelerate the global evolution of corporate reporting enabling organisations to communicate the full range of factors that contribute to the creation of value and ensure they are embedded within an organisation’s strategy.

Commenting on today’s publication Paul Druckman, IIRC Chief Executive Officer, said:

“It is right that companies’ communication with investors and other stakeholders reflects the full range of factors that contribute to the creation of sustainable value.  Huge strides have been made in recent years, for example to incorporate risk disclosure into financial reporting.  In addition the development of sustainability reporting provides a new dimension from which to consider value creation and preservation.

Despite these innovations, understanding how companies create sustainable value from their published reports can still be difficult.  What the Integrated Reporting Framework will do for the corporate reporting process is to enable investors and other stakeholders to understand better the ways in which companies create sustainable value.”

A total of 214 responses to the Discussion Paper from organisations and individuals in over 30 countries were received.

The IIRC’s analysis identifies four significant areas that need to be explored further to develop the framework:

The IIRC’s analysis identifies four significant areas that need to be explored further to develop the framework:

    • Basic concepts underlying the definition of Integrated Reporting
    • Target audience for Integrated Reporting
    • From whose perspective “value” should be considered (Value to the organisation, to investors, to other stakeholders, or to society at large?)
    • Timing of the release of the framework

To read the full report  Discussion Paper Summary.


1.  The IIRC’s Discussion Paper, Towards Integrated Reporting—Communicating Value in the 21st Century, solicited feedback on a new approach to reporting: Integrated Reporting.  The Discussion Paper considered the rationale behind the move towards Integrated Reporting, offered initial proposals for the development of an International Integrated Reporting Framework, and outlined possible next steps towards its creation and adoption.  Its purpose was to prompt input from all those with a stake in improved reporting including producers and users of reports.

2.  The IIRC’s Pilot Programme is made up of over 70 organisations and 20 investors from around the globe to test the principles, content and practical application of <IR> and develop the International Integrated Reporting Framework. The Framework will help ensure consistent reporting by organisations and provide broad parameters for policymakers, regulators organisations, their investors, and other stakeholders. By enjoying access to information provided in a clear and concise manner they will be able to make better short-and long-term decisions. For more detailed information about the members of the Council, participants in the Pilot Programme, and the IIRC’s activities, please consult the website:

3.  All media enquiries should be directed to Jonathan Labrey, IIRC Communications Director, on 020 7504 2581 or by e-mail: [email protected]