The concept of integrated reporting originates from the idea that enterprises, especially multinationals, should not just continue disclosing financial statements to secure the trust and confidence of the markets, their shareholders and investors. But they should also explain the impact of their businesses in creating the conditions for broad-based prosperity.
For Paul Druckman, chief executive officer of the International Integrated Reporting Council (IICR), companies need to write their intentions with a long-term perspective. “How our capital markets system creates and distributes wealth and resources is a critical question that must be addressed with urgency…. If economies, businesses and investors broaden their capital base, investment in their people, ideas and the protection of society and the environment will be prioritized alongside, and be consistent with sustained financial performance,” Druckman stated in a 2016 speech.
Related News:
