Many companies have become interested in the concept of environmental, social and governance (ESG) reporting as a way of showing stakeholders their commitment to supporting diversity, social and environmental concerns, and more accountable corporate governance.
The International Integrated Reporting Council (IIRC) believes integrated reporting can help companies “tie together the regulatory reporting they have to do for the SEC and other regulators and the ESG reports they produce for stakeholders. At the same time, reporting initiatives can leverage off the existing regulatory reporting infrastructure and give companies more insight into their operations, employees and intellectual capital.”
The IIRC’s current thinking is encapsulated in the Conference Board’s July 2019 report, “The Emergence of Integrated Reporting,” which provides seven tips for adopting the method.