Guiding Principles, Fundamental Concepts and Content Elements
The database has been structured around the Guiding Principles, Fundamental Concepts and Content Elements presented in the Integrated Reporting Framework. The project partners intend to update the database in accordance with revisions to the Guiding Principles, Fundamental Concepts and Content Elements, if any, as the Integrated Reporting Framework is further developed.
The Guiding Principles underpin the preparation of an Integrated Report, informing the content of the report and how information is presented. The Guiding Principles identified in the Integrated Reporting Framework are:
Strategic focus and future orientation
An integrated report should provide insight into the organization’s strategy, and how it relates to the organization’s ability to create value in the short, medium and long term and to its use of and effects on the capitals.
Connectivity of information
An integrated report should show a holistic picture of the combination, interrelatedness and dependencies between the factors that affect the organization’s ability to create value over time.
An integrated report should provide insight into the nature and quality of the organization’s relationships with its key stakeholders, including how and to what extent the organization understands, takes into account and responds to their legitimate needs and interests.
An integrated report should disclose information about matters that substantively affect the organization’s ability to create value over the short, medium and long term.
Reliability and completeness
An integrated report should include all material matters, both positive and negative, in a balanced way and without material error.
Consistency and comparability
The information in an integrated report should be presented on a basis that is consistent over time and in a way that enables comparison with other organizations to the extent it is material to the organization’s own ability to create value over time.
An integrated report should be concise.
The Fundamental Concepts underpin and reinforce the requirements and guidance in the Integrated Reporting Framework. The Fundamental Concepts identified in the Framework are:
An integrated report aims to explain how the organization interacts with the external environment and the capitals to create value over the short, medium and long term
An integrated report aims to provide insight about the resources and relationships used and affected by an organization – these are collectively referred to as “the capitals”. The capitals are stocks of value that are increased, decreased or transformed through the activities and outputs of the organization. They are categorized in the Integrated Reporting Framework as financial, manufactured, intellectual, human, social and relationship and natural capital