The International Integrated Reporting Council (‘the IIRC’) is a powerful, international cross section of leaders from the corporate, investment, accounting, securities, regulatory, academic and standard-setting sectors as well as civil society.
The IIRC is chaired by Professor Mervyn King. Paul Druckman is Chief Executive Officer.
The mission of the IIRC is to create a globally accepted Integrated Reporting framework which brings together financial, environmental, social and governance information in a clear, concise, consistent and comparable format. The aim is to help with the development of more comprehensive and comprehensible information about organizations, prospective as well as retrospective, to meet the needs of a more sustainable, global economy.
The principal role of the IIRC is to:
- Reach a consensus among governments, listing authorities, business, investors, accounting bodies and standard setters for the best way to tackle the challenges of Integrated Reporting;
- Identify priority areas where additional work is needed and provide a plan for development;
- Develop an overarching Integrated Reporting framework, which sets out the scope and key components of Integrated Reporting (‘the <IR> Framework’);
- Consider whether integrated reporting should be voluntary or mandatory;
- Promote the adoption of Integrated Reporting by relevant regulators and report preparers.