The International Integrated Reporting Council (IIRC) published its Integrated Report 2019 in multiple mediums for the third consecutive year with support from Smart Media The Annual Report Company headquartered in Colombo, Sri Lanka.
While driving its mission to mainstream integrated thinking and reporting around the world, during 2019 the IIRC also worked closely with key players in the corporate reporting landscape to push forward a comprehensive and cohesive vision for effective reporting by convening the Corporate Reporting Dialogue’s Better Alignment Project.
The report also celebrates ten years since the IIRC was created. Since its inception, some 2000 organizations have adopted integrated reporting in over 70 markets globally. Discussing the global adoption of integrated thinking and reporting, Charles Tilley, CEO of the IIRC says, “Over the years, integrated reporting has seen growing levels of adoption, new innovative approaches to integrated thinking and increasing support from policy makers around the world.”
“For the third consecutive year, to balance the twin goals of conciseness and completeness, the IIRC used a variety of formats to meet the diverse interests of stakeholders around the world. Given the current operating environment in which restrictions are imposed on travel and face-to-face meetings, this approach is more relevant than ever.”
Chief Officer of the Smart Academy, Raja Senanayake says, “Today, it is more critical than ever for organizations to be transparent and responsive – communicating how their strategy is working for them or how they are working to change it to remain effective in light of their operating environment. Publishing an online HTML integrated report is no longer a game changer but a necessity as we move forward.”
“Having been appointed a training foundation partner for integrated reporting by the IIRC, we also strongly believe that integrated reporting provides a framework for organizations to talk about how they will continue to be a going concern – going beyond the conventional accounting definition and allaying stakeholder fears and strengthening bonds.” Senanayake added.
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