History was made last Monday with the formation of International Integrated Reporting Committee. This is a welcome development for the CSR practioners It follows that all publicly listed companies are required to file annual financial reports based on standardized reporting formats.
This is what the article says :
On Monday, two international organizations devoted to corporate social responsibility (CSR), the Global Reporting Initiative (GRI) and the Prince’s Accounting for Sustainability Project (A4S), joined forces in advocating for integrated reporting. The International Integrated Reporting Committee, or IIRC, is tasking itself with creating a globally accepted framework for bringing together financial, social, environmental, and governance information. By developing a clearer and more concise framework that will allow stakeholders to monitor companies’ performance at all levels, the IIRC’s intention is to help create and maintain a more sustainable economic model for businessese