Michael Muyot, President & Founder of CRD Analytics, posted on Justmeans yesterday about the recent announcement of a new, single global authority on integrated reporting. The International Integrated Reporting Committee (IIRC) was formed to create a universally recognized reporting framework for integrated reporting.
This past December The Prince of Wales convened a high level meeting of investors, accounting bodies, companies, decision-makers in standard setting and UN representatives. An agreement was made that the Global Reporting Initiative and the Prince’s Accounting for Sustainability (A4S) should work together with other organizations to establish an international body that oversees the creation of a universally recognized integrated reporting framework that connects financial and sustainability reporting.