Why do an assessment?
This assesment will help practitioners determine the gap between the current reports they have and the new Integrated Reporting <IR> format. The series of questions will improve user understanding of both the <IR> framework as well as the existing reporting structure within their organisations. A comparative assesment is typically the first step to get started with creating an integrated report.
Who does this assesment help?
A holistic framework like <IR> is beneficial for multiple functions across an organisation. Specifically investor relations, corporate communications, strategy, finance and sustainability teams will find this assesement of use.
What will be the outcome?
At the end of the self-assessment, users can be provided with a brief report that summarises the gaps and areas of further consideration. This report can help users navigate the next steps in the <IR> journey.
Why is <IR> imporant?
<IR> helps organizations to think holistically about their strategy and plans, make informed decisions and manage key risks to build stakeholder confidence and improve future performance. Its effective towards helping refocus decision-making on value creation; it is about managing the complex interconnections between people, ideas, finance and the natural environment. It delivers openness and transparency with a purpose.
Across the world, many leading stock exchanges and regulators have endorsed <IR> as the future of corporate reporting with an aim to improve disclosures, transparency that would benefit both corporates and investors. The Securities and Exchange Body of India (SEBI) has recommended that Top 500 companies use the <IR> framework.