Integrated reporting, or <IR>, is a philosophy that values the ability to communicate future business value over the short, medium and long term above all else. How does <IR> purport companies should do this? Through the communication of an integrated story to internal and external stakeholders that describes how all resources are contributing to the larger picture. <IR> promotes holistic, unified strategies, plans and budgets with investors and stakeholders top of mind.

According to the International Integrated Reporting Council, integrated reporting focuses on the following guiding principles:

  • Strategic focus and future orientation
  • Connectivity of information
  • Stakeholder relationships
  • Materiality
  • Conciseness
  • Reliability and completeness
  • Consistency and comparability

It also includes eight content elements:

  • Organizational overview and external environment
  • Governance
  • Business model
  • Risks and opportunities
  • Strategy and resource allocation
  • Performance
  • Outlook
  • Basis of preparation and presentation
  • General reporting guidance

When these principles and elements are fulfilled, decision making processes are placed into context with operational and financial realities, a goal which has the potential to improve the viability of the company long term. When each department’s goals are weighed against one another, well rounded decisions prevail. 

Discover how CCH Tagetik Performance Management Software delivers:
Integrated Reporting
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