We are extremely pleased to be working with IIRC
as one of their newest strategic partners.
under-took a deliberative, multiple-stakeholder development process in which IMA participated (see IMA's December 10, 2013, press release, "IMA Outlines Actions to Transform Corporate Reporting," on its website for details).
Jean Rogers and IIRC
CEO Paul Druckman, outlines the basis for ongoing cooperation, collaboration and alignment between the two organizations.
The main capitals Eni uses (financial, manufacture, intellectual, natural, human, social and relationship) are classified in line with the indications offered in the IIRC
Framework (see Figure 3).
In 2011, with a response letter to the IIRC
paper "Towards Integrated Reporting: Communication Value in the 21st Century," IMA welcomed the development of the IR Framework as "an opportunity to modernize corporate reporting and corporate culture, unlock data from corporate silos and restrictive presentation formats, link operational, environmental, social and governance practices to financial performance, and make information relevant, meaningful and reliable for management and all stakeholders.
initiative provides an opportunity for all CGMA-designated finance professionals to take on the role of global communicators of this pioneering approach to business reporting.
proposed framework doesn't include an XBRL taxonomy yet--it's too early in the process for that.
L: The evidence from the 50+ institutional investors that are directly involved in the IIRC
is that they are looking to integrated reporting to provide them with information that will aid better decision making.
Further information on the activities of the IIRC
, and specifically integrated reporting and its proposed framework, can be found at www.
Transaction-oriented processes: which integrate resume processing vendors and background check services - Job posting management using HR-XML standards, including integration with IIRC
and TMP's (Monster's parent company) JobVIPeR product - Data integration with ERPs, using the standards based, XML conduit methodology - Extract Reporting for high performance analysis using the customer's preferred reporting tools.
In November 2012, the IIRC
released the Integrated Reporting Prototype Framework naming XBRL as the standardized technology platform that can be used to communicate, distribute, compare, and analyze integrated reporting.
chief executive Paul Druckman says progress is being made with a draft framework for integrated reporting.