How to: Implement integrated reporting in your organisation
For this masterclass held in February 2015, the UK-GBC gathered experts from the International Integrated Reporting Council (IIRC) and The Crown Estate to give you how to guidance on how to implement integrated reporting in your organisations.
What is integrated reporting?
Integrated reporting (<IR>) is a process based on integrated thinking that results in a report by an organisation about value creation over time. It connects different parts of the organisation and through collaboration and integrated thinking incorporates any issue that the organisation faces or which has an impact on its longevity.
Analysis of an organisations performance has traditionally tended to look at risk from a financial perspective only. Integrated reporting aims to look at all aspects of risk such as mega trends, economic, social and environmental changes, and also seeks opportunities that arise from this holistic perspective. It should inform investors and stakeholders on all material issues affecting the organisation in a concise manner to enable quicker decision making with all impacts considered. This will result in a more resilient organisation that is more demonstrably sustainable.
Top tips for integrated reporting
- Build a team (with internal and external support)
- Ensure you have leadership on integrated thinking (needs a top down approach)
- Don’t try to do it all at once
- Tell the story clearly of how you create value over time
- Build on what you have done before (look to your existing reports)
- Embed integrated thinking into the business (this will be highly beneficial not only to the process but also to the organisation)