A process founded on integrated thinking that results in a periodic integrated report by an organisation about value creation over time and related communications regarding aspects of value creation.
Integrated reporting brings together material information about an organisation’s strategy, governance, performance and prospects in a way that reflects the commercial, social and environmental context within which it operates. It provides a clear and concise representation of how the organization demonstrates stewardship and how it creates value, now and in the future.
Communicating both sustainability and financial targets and results in one report, linking them to each other. The concept of providing a comprehensive report integrating the two separate streams of information most companies currently provide, i.e. sustainability data in a Corporate Responsibility Report and financial information in an annual report, is rapidly gaining ground.
Whereas a Corporate Responsibility Report does not typically convey information of a nature and format that financial analysts relate to, and an annual report only provides financial data, an integrated report links traditional sustainability data to the company’s strategy and its financial results. It translates sustainability targets into Key Performance Indicators and value creation. Intended Nationally Determined Contribution (INDC) In preparation for COP26 in 2021, countries outlined what actions they intend to take beginning in 2020 under a proposed global climate agreement.
These plans are known as INDCs, which will play a big part in moving us forward on the path toward a low-carbon, clean energy future.