Today, GRI releases its new publication ‘Forging a path to integrated reporting: Insights from the GRI Corporate Leadership Group on integrated reporting’. The publication summarizes the work done by the GRI Corporate Leadership Group on integrated reporting (CLGir), revealing challenges, questions raised, and solutions from a group of experienced companies which have chosen to use an integrated approach to reporting.
GRI formed this Corporate Leadership Group to work collaboratively with experienced reporting companies, with the aim of building our collective knowledge to find practical solutions to some of the challenges organizations face as they forge the path to integrated reporting. As one of the co-conveners of the International Integrated Reporting Council (IIRC), GRI fully supports integrated reporting as an important and necessary innovation of corporate reporting. Understanding the practical implications, particularly in ensuring effective integration of sustainability information into integrated reports, is a key imperative.
“Platforms such as GRI’s Corporate Leadership Group on integrated reporting are instrumental in shaping the future of corporate reporting, as they stimulate high-level peer learning, enrich existing discussions and provide innovative insights, explained Eric Hespenheide, Interim Chief Executive, GRI. “This is an exciting and fast-changing era for corporate reporting and we are looking forward to following the work and further thoughts from this group of leading companies.”
The CLGir identified eight characteristics of a meaningful integrated report, which include making the report concise, comparable, responsive and frank. Some of the challenges of integrated reporting include:
- Developing the right organizational mind-set
- Addressing specific process-related reporting challenge
- Clarifying the relationship between the various reporting frameworks
- Identifying the right performance indicators
- Enhancing the impact of the integrated report