2 HOW DOES INTEGRATED REPORTING ADDRESS THIS NEED?

In 2013, the International Integrated Reporting Council (IIRC) published an integrated reporting () framework. This voluntary framework supports integrated thinking1 as a means of producing an integrated report, i.e., a concise communication about how an organisation s strategy, governance, performance and prospects, in the context of its external environment, lead to the creation of value over the short, medium and long term.

> http://integratedreporting.org/the-iirc-2/

INTEGRATED REPORTING

SHORT, MEDIUM

AND LONG TERM

VALUE CREATION

Design and plan

Report

Quality of communication between the board and management

Operating efficiency (decisions, communication) Image, reputation Risks and opportunities management Stakeholder commitment Availability of, access to and changes in the key capitals

Integrated thinking

Integrated report

DRIVING AND COMMUNICATING VALUE CREATION / IFACI - CNCC