“Organisations are increasingly being called upon to embed sustainability into everything they do. The logical extension of this is that they should be linking what they do in sustainability to how they perform when communicating with stakeholders, thereby providing them with better decision-making information. How this is achieved is an enormous challenge and the IIRC offers us a real opportunity for success in meeting it, and it is therefore something we fully support.”
- Michael Izza, ICAEW Chief Executive, Global Accounting Alliance
“The formation of the IIRC must be applauded. Its work to develop a discussion paper on integrated reporting and its plans to engage the G20 on an agenda for change will be critical in shaping the future of reporting and the audit profession. Now appears to be a time for change, as the regulatory systems is reformed and the future challenges of climate change, population growth and resource usage are better understood.”
- Dennis Nally, Chairman, PricewaterhouseCoopers International Limited
“The inevitable outcome of the failure to integrate sustainability as a strategic business issue in financial reporting is that businesses and investors continue to make investments that are bad for the environment, society and ultimately their own bottom line. A migration of sustainability from the periphery to the mainstream is an essential next step in driving corporate development paths in ways that sustain the earth’s environment and its capacity to support humanity. ”
- Janet Ranganathan, Vice President for Science and Research, WRI
“The IIRC serves an essential role in convening key stakeholders to work towards building a framework that merges corporate financial and sustainability reporting. With global trends such as climate change, scarcity of materials and energy security, sustainability reporting has become an integral part of many companies’ business and performance. The time is right for an agreed framework that will help drive consistency and comparability in sustainability reporting and provide an internationally accepted basis for reporting of non-financial and financial information.”
- Tim Flynn, Chairman, KPMG International
“The WikiLeaks controversy has underscored the disorienting rip-currents created by the emerging Transparent Economy, the focus of a recent GRI/Volans report. The growing demand for properly integrated reporting – across companies, supply chains and economies – will require a great deal of work by the IIRC, GRI and other actors, but it also offers business the opportunity to get ahead of the agenda, rather than being buffeted and knocked off course by unforeseen squalls and storms.”
- John Elkington, Founding Partner & Executive Chairman, Volans
“We began our journey towards integrated reporting seven years ago because we wanted to provide readers with a more comprehensive, 360 degree perspective on our business performance and to enable shareholders to better valuate the company’s ability to generate future growth. We build our business on the principle of the Triple Bottom Line and wanted our reporting to reflect our financial, environmental and social performance and how these dimensions interact to generate added value for the long term.”
- Susanne Stormer, Vice President, Global Triple Bottom Line Management, Novo Nordisk
“Business must realise that acting in a sustainable manner makes good business sense as this usually results in more successful operations generating reliable cash flows. Society also needs responsible commercial organisations to generate the tax revenue needed to run public bodies, provide employment and to produce the outputs needed to fuel the economy. It is essential that the corporate reporting system actively promotes this new corporate philosophy and the Integrated Reporting initiative represents our best chance of making this happen.”
- Charles Tilley, Chief Executive, CIMA