Essaaaaaay
Framework For
Integrated
reportIng and the
Integrated report dIscussIon paper
25 JAnuARy 2011
The Discussion Paper has been released by the Integrated Reporting Committee (IRC) of South Africa. The IRC invites public comment on the Discussion Paper.
Please email your comments to ircomments@saica.co.za
The last day for comment is 25 April 2011.
The Discussion Paper can be downloaded from www.sustainabilitysa.org
contents
Foreword
1
1.
Introduction
3
The context of an integrated report
3
1.2. What does the Discussion Paper cover?
5
1.3. Who is the Discussion Paper for?
5
1.4. Who developed the Discussion Paper?
5
1.5. Integrated reporting and the integrated report
5
1.6. The objectives of integrated reporting and the integrated report
6
1.7.
What is an integrated report?
6
Reporting principles
8
1.1.
2.
2.1. Principles informing the report scope and boundary
8
2.2. Principles informing the selection of the report content
9
2.3. Principles informing the quality of the reported information
3.
Suggested elements to be addressed in the integrated report
10
12
3.1. Report profile (What is the scope and boundary of the report?)
12
3.2. Organisational overview, business model, and governance structure
(How do we create value and make decisions?)
12
3.3. Understanding the operating context
(What are the circumstances under which we operate?)
13
3.4. Strategic objectives, competencies, KPIs and KRIs
(Where do we want to go and how do we intend to get there?)
14
3.5. Account of the organisation’s performance
(How have we fared over the reporting period?)
14
3.6. Future performance objectives (Informed by our recent performance, what are our future objectives?)
15
3.7.
Remuneration policies
(What is our approach towards remuneration?)
3.8. Analytical commentary
(What are the views of the leadership about the
Integrated
reportIng and the
Integrated report dIscussIon paper
25 JAnuARy 2011
The Discussion Paper has been released by the Integrated Reporting Committee (IRC) of South Africa. The IRC invites public comment on the Discussion Paper.
Please email your comments to ircomments@saica.co.za
The last day for comment is 25 April 2011.
The Discussion Paper can be downloaded from www.sustainabilitysa.org
contents
Foreword
1
1.
Introduction
3
The context of an integrated report
3
1.2. What does the Discussion Paper cover?
5
1.3. Who is the Discussion Paper for?
5
1.4. Who developed the Discussion Paper?
5
1.5. Integrated reporting and the integrated report
5
1.6. The objectives of integrated reporting and the integrated report
6
1.7.
What is an integrated report?
6
Reporting principles
8
1.1.
2.
2.1. Principles informing the report scope and boundary
8
2.2. Principles informing the selection of the report content
9
2.3. Principles informing the quality of the reported information
3.
Suggested elements to be addressed in the integrated report
10
12
3.1. Report profile (What is the scope and boundary of the report?)
12
3.2. Organisational overview, business model, and governance structure
(How do we create value and make decisions?)
12
3.3. Understanding the operating context
(What are the circumstances under which we operate?)
13
3.4. Strategic objectives, competencies, KPIs and KRIs
(Where do we want to go and how do we intend to get there?)
14
3.5. Account of the organisation’s performance
(How have we fared over the reporting period?)
14
3.6. Future performance objectives (Informed by our recent performance, what are our future objectives?)
15
3.7.
Remuneration policies
(What is our approach towards remuneration?)
3.8. Analytical commentary
(What are the views of the leadership about the