International Integrated Reporting Council (IIRC)
Standards
Follow globally recognized standards for your project.
The IIRC is a nationally recognized third-party endorsement of ESG features in a project. Used by property buyers and tenants alike, the certification conveys an efficient and high performance building with lower running costs.
IIRC FEATURES
What Is It
Introduction
The International Integrated Reporting Council (IIRC) is a global coalition of regulators, investors, companies, standard setters, and other stakeholders. Founded in 2010, the IIRC seeks to promote the adoption of integrated reporting as a means to enhance corporate reporting and decision-making.
What is Integrated Reporting?
Integrated reporting is a holistic approach to corporate reporting that goes beyond traditional financial reporting. It combines financial information with non-financial information, such as environmental, social, and governance (ESG) factors, to provide a more comprehensive view of an organization’s performance, strategy, risks, and opportunities.
Objectives of IIRC
The IIRC has set several key objectives to drive the adoption and implementation of integrated reporting globally:
Enhance Value Creation: The primary objective of the IIRC is to enhance value creation in organizations. By promoting the integration of financial and non-financial information, IIRC aims to provide a more complete picture of how an organization creates value over the short, medium, and long term.
Facilitate Integrated Thinking: The IIRC seeks to promote integrated thinking within organizations. Integrated thinking encourages decision-makers to consider the relationships and dependencies between financial and non-financial factors, leading to more informed and holistic decision-making.
Improve Accountability and Stewardship: IIRC aims to improve accountability and stewardship by encouraging companies to provide transparent and reliable information to stakeholders. Integrated reporting promotes a more comprehensive understanding of an organization’s performance, leading to increased trust and confidence among stakeholders.
Support Long-Termism: The IIRC advocates for a shift towards long-term thinking and reporting. Integrated reporting encourages companies to focus on long-term value creation, considering sustainability issues and the impacts of their decisions on various stakeholders, society, and the environment.
Enhance Communication: The IIRC aims to enhance communication between companies and their stakeholders. Integrated reporting provides a platform for companies to effectively communicate their strategy, performance, and value creation story in a concise and cohesive manner.
Drive Integrated Reporting Adoption: Another objective of the IIRC is to drive the widespread adoption of integrated reporting globally. The IIRC collaborates with various stakeholders, including standard setters, investors, and regulators, to create awareness, provide guidance, and encourage the implementation of integrated reporting principles.
Benefits of Integrated Reporting
Integrated reporting offers several benefits to companies and stakeholders:
- Enhanced transparency and accountability
- Improved understanding of value creation and long-term performance
- Better assessment of risks and opportunities
- Facilitation of integrated thinking and decision-making
- Increased investor confidence and trust
- Enhanced communication with stakeholders
- Alignment with global reporting frameworks and standards
Conclusion
In conclusion, the International Integrated Reporting Council (IIRC) plays a vital role in promoting integrated reporting as a means to enhance corporate reporting and decision-making. Through its objectives of enhancing value creation, facilitating integrated thinking, improving accountability and stewardship, supporting long-termism, enhancing communication, and driving adoption, the IIRC strives to create a reporting landscape that encompasses both financial and non-financial information, leading to a more holistic understanding of organizational performance.
We hope this webpage has provided you with valuable insights into the International Integrated Reporting Council (IIRC) and its objectives. For more information and resources on integrated reporting, we encourage you to visit the official IIRC website, where you can access the IIRC Framework, case studies, and other helpful materials.
Get Global Brand Recognition
"IIRC promotes integrated reporting, encouraging companies to disclose financial and non-financial information in a holistic manner, fostering transparency, accountability, and long-term value creation for stakeholders."
§ Global recognition
§ Credibility for Sales & Leasing
§ Third Party Certificate
Talk to a ESG Specialist for a 10-minute free consultation. Explore if GRI Certification is the right fit for your project.
Criteria and Certification Levels
The International Integrated Reporting Council (IIRC) is a non-profit organization that develops integrated reporting standards. Integrated reporting is a way of communicating a company’s value creation story to stakeholders. It integrates financial and non-financial information to provide a more comprehensive picture of the company’s performance.
The IIRC has developed a set of criteria and standards for integrated reporting. The criteria are the principles that guide integrated reporting. The standards are the specific requirements for integrated reporting.
The IIRC criteria are divided into three levels:
- Level 1: The Foundational Principles. These principles are the foundation of integrated reporting. They are:
- Strategic focus and governance
- Connectivity of information
- Sustainability context
- Materiality
- Completeness and accuracy
- Timeliness
- Clarity and conciseness
- Level 2: The Qualitative Presentation Guidelines. These guidelines provide more detail on how to implement the Foundational Principles. They include:
- Strategic overview
- Business model
- Performance
- Capitals
- Risks and opportunities
- Governance
- Level 3: The Quantitative Reporting Guidelines. These guidelines provide guidance on how to report quantitative information in an integrated report. They include:
- Financial performance
- Non-financial performance
- Linkages between financial and non-financial performance
The IIRC criteria and standards are designed to help companies communicate their value creation story in a more comprehensive and integrated way. By following the criteria and standards, companies can provide stakeholders with a better understanding of their performance and how they are creating value for the future.
Certification
The IIRC does not offer certification for integrated reporting. However, there are a number of organizations that offer certification for integrated reporting. These organizations use a variety of criteria to assess the quality of an integrated report.
Benefits of Integrated Reporting
There are a number of benefits to integrated reporting, including:
- Improved transparency: Integrated reporting provides a more comprehensive picture of a company’s performance, which can help stakeholders make better decisions.
- Reduced risk: Integrated reporting can help companies identify and manage risks, which can help them avoid costly problems.
- Enhanced reputation: Integrated reporting can help companies enhance their reputation with stakeholders, which can lead to increased sales, investment, and employee satisfaction.
- Improved decision-making: Integrated reporting can help companies make better decisions about their strategy, operations, and investments.
Conclusion
Integrated reporting is a valuable tool for companies that want to communicate their value creation story to stakeholders in a more comprehensive and integrated way. The IIRC criteria and standards can help companies implement integrated reporting and reap the benefits of this approach.
What is ESG?
ESG represents a framework for evaluating the sustainability and ethical performance of businesses.
Environmental, Social, Governance
Explore the ESG overview page to gain insights into environmental, social, and governance factors that drive sustainable and responsible business practices.
Different (IIRC) Certifications
The International Integrated Reporting Council (IIRC) is a non-profit organization that develops integrated reporting standards. Integrated reporting is a way of communicating a company’s value creation story to stakeholders. It integrates financial and non-financial information to provide a more comprehensive picture of the company’s performance.
The IIRC does not offer certification for integrated reporting. However, there are a number of organizations that offer certification for integrated reporting. These organizations use a variety of criteria to assess the quality of an integrated report.
Here are some of the organizations that offer certification for integrated reporting:
- Integrated Reporting Council: The IIRC is a non-profit organization that develops integrated reporting standards. The IIRC does not offer certification for integrated reporting, but it does offer a number of resources to help companies implement integrated reporting.
- AccountAbility: AccountAbility is a non-profit organization that promotes sustainable business practices. AccountAbility offers a certification program for integrated reporting called the Integrated Reporting Framework (IIRC).
- The Sustainability Accounting Standards Board (SASB): The SASB is a non-profit organization that develops sustainability accounting standards for public companies. The SASB does not offer certification for integrated reporting, but it does offer a number of resources to help companies implement integrated reporting.
Here are some of the benefits of integrated reporting certification:
- Increased credibility: Certification from a reputable organization can help companies increase the credibility of their integrated reports.
- Improved stakeholder engagement: Certification can help companies improve their stakeholder engagement by providing stakeholders with a more comprehensive and integrated view of the company’s performance.
- Reduced risk: Certification can help companies reduce their risk of legal liability by demonstrating that they are taking steps to comply with relevant laws and regulations.
Here are some of the challenges of integrated reporting certification:
- Cost: Certification can be expensive, especially for small businesses.
- Time commitment: Certification can be time-consuming, especially for companies that are not already familiar with integrated reporting.
- Complexity: Integrated reporting can be complex, and companies may need to hire consultants to help them implement the process.
Here are some of the different types of integrated reporting certification:
- Basic certification: This type of certification is designed for companies that are new to integrated reporting. It covers the basics of integrated reporting, such as the IIRC’s six capitals and the IIRC’s four principles.
- Intermediate certification: This type of certification is designed for companies that have some experience with integrated reporting. It covers more advanced topics, such as integrated reporting frameworks and integrated reporting metrics.
- Advanced certification: This type of certification is designed for companies that are experts in integrated reporting. It covers the most advanced topics, such as integrated reporting strategy and integrated reporting implementation.
Here are some of the steps involved in getting integrated reporting certification:
- Choose a certification organization: There are a number of organizations that offer integrated reporting certification. Choose an organization that is reputable and that offers a certification program that is right for your company.
- Complete the certification process: The certification process will vary depending on the certification organization you choose. However, most certification processes will involve submitting your integrated report for review, completing a self-assessment, and participating in an interview.
- Receive your certification: If your integrated report is approved, you will be certified by the certification organization.
Here are some of the resources that can help you with integrated reporting certification:
- The IIRC website: The IIRC website has a number of resources that can help you with integrated reporting, including the IIRC’s integrated reporting framework and the IIRC’s integrated reporting guidance.
- AccountAbility’s website: AccountAbility’s website has a number of resources that can help you with integrated reporting, including AccountAbility’s integrated reporting framework and AccountAbility’s integrated reporting guidance.
- The SASB website: The SASB website has a number of resources that can help you with integrated reporting, including the SASB’s sustainability accounting standards.
Conclusion
Integrated reporting certification can be a valuable tool for companies that want to demonstrate their commitment to sustainability and good corporate governance. However, certification can be expensive and time-consuming, so it is important to carefully consider whether it is the right choice for your company.
Talk to a Specialist
Book a free 10-minute call.
Registration and Rating procedure
The International Integrated Reporting Council (IIRC) is a non-profit organization that develops integrated reporting standards. Integrated reporting is a way of communicating a company’s value creation story to stakeholders. It integrates financial and non-financial information to provide a more comprehensive picture of the company’s performance.
The IIRC does not offer registration or rating for integrated reporting. However, there are a number of organizations that offer registration and rating for integrated reporting. These organizations use a variety of criteria to assess the quality of an integrated report.
Here are some of the organizations that offer registration and rating for integrated reporting:
- IIRC: The IIRC is a non-profit organization that develops integrated reporting standards. The IIRC does not offer registration or rating for integrated reporting, but it does offer a number of resources to help companies implement integrated reporting.
- AccountAbility: AccountAbility is a non-profit organization that promotes sustainable business practices. AccountAbility offers a registration and rating program for integrated reporting called the Integrated Reporting Framework (IIRC).
- The Sustainability Accounting Standards Board (SASB): The SASB is a non-profit organization that develops sustainability accounting standards for public companies. The SASB does not offer registration or rating for integrated reporting, but it does offer a number of resources to help companies implement integrated reporting.
Here are some of the benefits of integrated reporting registration and rating:
- Increased credibility: Registration and rating from a reputable organization can help companies increase the credibility of their integrated reports.
- Improved stakeholder engagement: Registration and rating can help companies improve their stakeholder engagement by providing stakeholders with a more comprehensive and integrated view of the company’s performance.
- Reduced risk: Registration and rating can help companies reduce their risk of legal liability by demonstrating that they are taking steps to comply with relevant laws and regulations.
Here are some of the challenges of integrated reporting registration and rating:
- Cost: Registration and rating can be expensive, especially for small businesses.
- Time commitment: Registration and rating can be time-consuming, especially for companies that are not already familiar with integrated reporting.
- Complexity: Integrated reporting can be complex, and companies may need to hire consultants to help them implement the process.
Here are some of the steps involved in getting integrated reporting registration and rating:
- Choose a registration and rating organization: There are a number of organizations that offer integrated reporting registration and rating. Choose an organization that is reputable and that offers a registration and rating program that is right for your company.
- Complete the registration and rating process: The registration and rating process will vary depending on the registration and rating organization you choose. However, most registration and rating processes will involve submitting your integrated report for review, completing a self-assessment, and participating in an interview.
- Receive your registration and rating: If your integrated report is approved, you will be registered and rated by the registration and rating organization.
Here are some of the resources that can help you with integrated reporting registration and rating:
- The IIRC website: The IIRC website has a number of resources that can help you with integrated reporting, including the IIRC’s integrated reporting framework and the IIRC’s integrated reporting guidance.
- AccountAbility’s website: AccountAbility’s website has a number of resources that can help you with integrated reporting, including AccountAbility’s integrated reporting framework and the IIRC’s integrated reporting guidance.
- The SASB website: The SASB website has a number of resources that can help you with integrated reporting, including the SASB’s sustainability accounting standards.
Conclusion
Integrated reporting registration and rating can be a valuable tool for companies that want to demonstrate their commitment to sustainability and good corporate governance. However, registration and rating can be expensive and time-consuming, so it is important to carefully consider whether it is the right choice for your company.
Dozens of clients worldwide.
Professional Credentials
The International Integrated Reporting Council (IIRC) is a non-profit organization that develops integrated reporting standards. Integrated reporting is a way of communicating a company’s value creation story to stakeholders. It integrates financial and non-financial information to provide a more comprehensive picture of the company’s performance.
The IIRC offers a number of professional credentials for individuals who want to demonstrate their expertise in integrated reporting. These credentials are designed to help individuals develop the skills and knowledge necessary to implement integrated reporting in their organizations.
Here are some of the IIRC’s professional credentials:
- IIRC Integrated Reporting Professional (IRP): The IRP credential is designed for individuals who have a basic understanding of integrated reporting. The IRP credential requires individuals to pass a multiple-choice exam and to complete a portfolio of work demonstrating their knowledge of integrated reporting.
- IIRC Integrated Reporting Practitioner (IRP): The IRP credential is designed for individuals who have a working knowledge of integrated reporting. The IRP credential requires individuals to pass a multiple-choice exam and to complete a portfolio of work demonstrating their ability to implement integrated reporting in their organizations.
- IIRC Integrated Reporting Leader (IRL): The IRL credential is designed for individuals who have a deep understanding of integrated reporting. The IRL credential requires individuals to pass a multiple-choice exam, to complete a portfolio of work demonstrating their ability to lead integrated reporting initiatives in their organizations, and to be endorsed by a senior leader in their organization.
Here are some of the benefits of holding an IIRC professional credential:
- Increased credibility: Holding an IIRC professional credential can help individuals increase their credibility and demonstrate their expertise in integrated reporting.
- Improved job prospects: Holding an IIRC professional credential can improve job prospects and make individuals more competitive in the job market.
- Access to resources: Holding an IIRC professional credential can give individuals access to a variety of resources, including training, networking opportunities, and publications.
Here are some of the steps involved in getting an IIRC professional credential:
- Choose a credential: The IIRC offers a number of professional credentials for individuals who want to demonstrate their expertise in integrated reporting. Choose a credential that is right for your career goals and experience level.
- Meet the eligibility requirements: Each IIRC professional credential has different eligibility requirements. Make sure you meet the eligibility requirements for the credential you want to pursue.
- Register for the exam: Once you have met the eligibility requirements, you can register for the exam. The IIRC offers exams in a variety of formats, including online, in-person, and proctored.
- Prepare for the exam: There are a number of resources available to help you prepare for the exam, including the IIRC’s website, study guides, and practice exams.
- Take the exam: The IIRC offers exams in a variety of locations around the world. Once you have registered for the exam, you will be able to schedule your exam date and time.
- Pass the exam: To pass the exam, you must score a certain percentage of correct answers. The percentage required to pass the exam varies depending on the credential you are pursuing.
- Apply for the credential: Once you have passed the exam, you can apply for the credential. The IIRC will review your application and determine if you have met the requirements for the credential.
- Celebrate your achievement: Congratulations! You have earned an IIRC professional credential. This credential is a valuable asset that can help you advance your career and make a difference in the world.
Here are some of the resources that can help you with IIRC professional credentials:
- The IIRC website: The IIRC website has a wealth of information about the IIRC’s professional credentials, including eligibility requirements, exam formats, and preparation resources.
- The IIRC’s study guides: The IIRC offers a number of study guides for its professional credentials. These study guides can help you prepare for the exam and learn more about integrated reporting.
- The IIRC’s practice exams: The IIRC offers a number of practice exams for its professional credentials. These practice exams can help you assess your knowledge of integrated reporting and identify areas where you need to improve.
Conclusion
The IIRC’s professional credentials are a valuable asset for individuals who want to demonstrate their expertise in integrated reporting. These credentials can help individuals advance their careers and make a difference in the world.
Express interest
Key Features
The International Integrated Reporting Council (IIRC) is a global non-profit organization that promotes integrated reporting. Integrated reporting is a way of communicating a company’s value creation story to stakeholders. It integrates financial and non-financial information to provide a more comprehensive picture of the company’s performance.
The IIRC’s Key Features
The IIRC’s key features are:
- Integrated reporting is a communication framework: Integrated reporting is a framework for communicating a company’s value creation story to stakeholders. It is not a set of standards or regulations.
- Integrated reporting is a holistic approach: Integrated reporting takes a holistic approach to reporting. It considers the company’s financial performance, as well as its social, environmental, and governance performance.
- Integrated reporting is a forward-looking approach: Integrated reporting is a forward-looking approach. It considers the company’s past performance, as well as its plans for the future.
- Integrated reporting is a materiality-based approach: Integrated reporting is a materiality-based approach. It focuses on the information that is most relevant to the company’s stakeholders.
- Integrated reporting is a concise and clear approach: Integrated reporting is a concise and clear approach. It is designed to be easy for stakeholders to understand.
The Benefits of Integrated Reporting
The benefits of integrated reporting include:
- Improved transparency: Integrated reporting provides a more comprehensive picture of a company’s performance, which can help stakeholders make better decisions.
- Reduced risk: Integrated reporting can help companies identify and manage risks, which can help them avoid costly problems.
- Enhanced reputation: Integrated reporting can help companies enhance their reputation with stakeholders, which can lead to increased sales, investment, and employee satisfaction.
- Improved decision-making: Integrated reporting can help companies make better decisions about their strategy, operations, and investments.
The Challenges of Integrated Reporting
The challenges of integrated reporting include:
- Cost: Integrated reporting can be costly, especially for small businesses.
- Time commitment: Integrated reporting can be time-consuming, especially for companies that are not already familiar with integrated reporting.
- Complexity: Integrated reporting can be complex, and companies may need to hire consultants to help them implement the process.
The Steps Involved in Implementing Integrated Reporting
The steps involved in implementing integrated reporting include:
- Establish a steering committee: The first step in implementing integrated reporting is to establish a steering committee. The steering committee should be made up of representatives from different parts of the organization, including the board of directors, senior management, and employees.
- Develop a framework: The next step is to develop a framework for integrated reporting. The framework should be based on the IIRC’s integrated reporting framework.
- Collect data: The next step is to collect data. The data should be collected from a variety of sources, including financial statements, internal reports, and external sources.
- Prepare the report: The next step is to prepare the report. The report should be written in a clear and concise way, and it should be easy for stakeholders to understand.
- Communicate the report: The final step is to communicate the report to stakeholders. The report should be communicated through a variety of channels, including the company’s website, social media, and investor relations website.
Conclusion
Integrated reporting is a valuable tool for companies that want to communicate their value creation story to stakeholders in a more comprehensive and integrated way. By following the IIRC’s key features and implementing the process, companies can provide stakeholders with a better understanding of their performance and how they are creating value for the future.
Sustainability Reporting Services
Sustainability Reporting services help organizations communicate their environmental, social, and governance (ESG) performance to stakeholders.
Strategic Sustainability Consulting
Strategic Sustainability Consulting is a leading firm specializing in sustainable business practices and corporate social responsibility.
Projects for CSR
Projects for CSR (Corporate Social Responsibility) encompass initiatives undertaken by businesses to contribute positively to society, the environment, and their stakeholders.
CSR Impact Assessment
CSR Impact Assessment is a comprehensive evaluation process that measures and analyzes the social and environmental effects of corporate social responsibility initiatives.
Pros and Cons of Implementation
The International Integrated Reporting Council (IIRC) is a global non-profit organization that promotes integrated reporting. Integrated reporting is a way of communicating a company’s value creation story to stakeholders. It integrates financial and non-financial information to provide a more comprehensive picture of the company’s performance.
Pros of Integrated Reporting
There are many pros to implementing integrated reporting. Some of the most important pros include:
- Improved transparency: Integrated reporting provides a more comprehensive picture of a company’s performance, which can help stakeholders make better decisions.
- Reduced risk: Integrated reporting can help companies identify and manage risks, which can help them avoid costly problems.
- Enhanced reputation: Integrated reporting can help companies enhance their reputation with stakeholders, which can lead to increased sales, investment, and employee satisfaction.
- Improved decision-making: Integrated reporting can help companies make better decisions about their strategy, operations, and investments.
Cons of Integrated Reporting
There are also some cons to implementing integrated reporting. Some of the most important cons include:
- Cost: Integrated reporting can be costly, especially for small businesses.
- Time commitment: Integrated reporting can be time-consuming, especially for companies that are not already familiar with integrated reporting.
- Complexity: Integrated reporting can be complex, and companies may need to hire consultants to help them implement the process.
- Lack of standardization: There is no single standard for integrated reporting, which can make it difficult for companies to compare their reports.
Conclusion
Overall, the pros of integrated reporting outweigh the cons. Integrated reporting is a valuable tool for companies that want to communicate their value creation story to stakeholders in a more comprehensive and integrated way. By following the IIRC’s key features and implementing the process, companies can provide stakeholders with a better understanding of their performance and how they are creating value for the future.
Find More
ESG Standards and Certifications
BUSINESS CASE
How It Affects Business
Multi - National Corporation (MNC)
As a Multi - National Corporation, what are the benefits of getting a GRI Certification?
Stock Exchange Listed Entity
As a Listed Entity, what are the benefits of getting a GRI Certification?
Small and Medium Sized Enterprise
As an Small and Medium Sized Enterprise, what are the benefits of working with a GRI specialist?
Manufacturing and Industry
As a Manufacturing and Industry Entity, what are the benefits of getting a GRI Certification?
FREQUENT QUESTIONS
Do you have any questions?
Welcome to our FAQ section about the International Integrated Reporting Council (IIRC). Here, we address some common questions related to the IIRC and its role in promoting integrated reporting.
Integrated reporting offers several benefits, including enhanced transparency, improved understanding of value creation and long-term performance, better assessment of risks and opportunities, facilitation of integrated thinking and decision-making, increased investor confidence and trust, and enhanced communication with stakeholders.
The IIRC drives the adoption of integrated reporting through various initiatives. It collaborates with standard setters, regulators, investors, and other stakeholders to create awareness, develop guidance, and encourage the implementation of integrated reporting principles. The IIRC also promotes the alignment of reporting frameworks and standards to facilitate global adoption.
Integrated reporting is currently not mandatory in most jurisdictions. However, it is gaining recognition and adoption worldwide, driven by investor demand for more comprehensive and holistic information. Some countries have incorporated integrated reporting principles into their reporting frameworks or encouraged its voluntary adoption.
Organizations can begin implementing integrated reporting by familiarizing themselves with the IIRC Framework, which provides principles and guidance. They should assess their current reporting practices, identify relevant information and stakeholders, align their strategy with value creation, and gradually transition towards a more integrated reporting approach.
CONTACT US
Get in Touch
We do outstanding work with our consulting projects, & we’re outstanding to work with.
+91.9910107355
info@ecoinch.com
1014-D, Tower B, The Ithum, A-40, Sector 62, Noida