Integrated Reporting for Sustainability

IR has prompted a challenge that unfolds new frontiers for both academic research and business applications (Eccles and Krzus 2010; Adams 2015) and enhances the transition to new processes of communication and stakeholders’ management. The necessity to assess, monitor, and communicate traditional (economic and financial) and ESG – governance, ethical, social, and environmental – performance underpins the expansion of new accounting and accountability tools and processes like integrated reporting that help companies better understand whether responsible and sustainability-oriented practices are contributing to the enhancement and disclosure of intangible resources. In this regard, the IIRC has devised a holistic approach that draws attention to the way a company creates value. Companies have demonstrated a growing interest in adopting IR to integrate the outcomes of intangible and tangible resource management within their reports, thus prompting IR developments both in theory and practice.