Disclosures in integrated reporting: A review

Integrated reporting is a process that results in communication, most visibly periodic integrated report, about value creation over time. An integrated report is a concise communication about how an organization's strategy, governance, performance and prospects lead to the creation of value over the short, medium and long term. It means the integrated representation of company's performance in terms of both financial and other value relevant information. Integrated reporting provides greater context for performance data, clarifies how value relevant information fits into operations or a business, and may help embed long termism into company decision making. While the communications that result from integrated. Materiality is essential. Sustainability data, used as management information should form the framework for the non financial information contained in the integrated report. My impression is that many companies have prepared their integrated reports by starting with their existing suite of reports and attempting to make them more integrated instead of starting from a zero base and focusing on only that information which is relevant to explain how the company creates value. Inclusion of financial statements prepared in terms of IFRS and detailed information on directors remuneration are two areas where the motivation appears to be more compliance driven than fulfilling the spirit of integrated reporting.