Last week was a washout for me. I was either on the road travelling or sick in bed. This obviously wasn’t a good time to write a post on the reflection of integrated reporting discussion that went on at the GRI conference back at the end of May in Amsterdam. This week I am a lot better and did set some time aside for this post.
Current situation with integrated reporting
Integrated reporting is a very hot topic at the moment. Why? The GRI and some other organizations (here is the link to my post about this) have decided to put their full weight behind the adoption of integrated reporting (Integrated reporting = Consolidating financial and non financial reporting) in the foreseeable future. This is a very significant step for these global standard organizations to get behind integrated reporting as one single supporter.
About Integrated Reporting
- More information about integrated reporting can be found here on the wikipedia page.
- If you are interested in reading the GRI announcement in more details please follow this link.
Three points to consider within the current discussion about integrated reporting
- Having witnessed the promotion of the new integrated reporting push at the GRI conference I must say I am surprised. Surprised to see such a big push for this now. Why are looking at a promotion of this now? Have these large supporters given up on supporting the current bet practice in reporting?
- Another point is that the whole concept of integrated reporting heavily relies on the experience of the corporate reporter and the reporting organization. In my opinion is it absolutely vital for the current integrated reporting discussion to focus on bringing the know how and experience from current Sustainability reporting over to the integrated reporting teams. So far I have not heard anyone making this so crucial point.
- The scope of integrated reporting is not defined at the moment. We need to put more effort in developing this scope in order to have a clear guidance what and how to report financial and non-financial reporting in a way that is accessible and easy to read.
These are just three of the points I wanted to raise in this post. What do you about these points and whole concept of integrated reporting?
A little side note to end this post.
I have just registered the four domain names listed below to make sure they are not being snapped up by speculators as already happened with the integratedreporting.com domain name unfortunately.
The domain names I have registered today for further use:
IntegratedReporting.info
Integrated-Reporting.com
IntegratedReport.com
Integrated-Report.com
If you are interested in any of these domains and would like to develop a website with useful information about integrated reporting please feel free to get in touch. I am more then happy to help you in order to promote best practice in this field. My other domains can be found here. If you want to have a more extensive browse of my current portfolio. All of these domain are available for sale or rent or co-development.
Picture Credit: thetruthabout