Related Papers
International Journal of Sustainable Society
The Integrated Reporting of Financial, Social and Sustainability Capitals: A Critical Review and Appraisal
2017 •
Mark Camilleri
Organisations are increasingly disclosing financial and non-financial performance as they are encouraged to become more accountable and transparent to the providers of capital, and toward other interested parties. Most of them are clearly specifying their environmental, social and governance (ESG) content, as they report material information and resort to assurance mechanisms in their corporate disclosures. In this light, this research provides a critical review of key theoretical underpinnings that have anticipated the development of the corporations’ integrated disclosures. Afterwards, it describes the International Integrated Reporting Council’s <IR> Framework and its guiding principles. This contribution posits that there are both costs and benefits for those organisations who intend using the <IR> Framework. In conclusion, this paper outlines future avenues as it identifies knowledge gaps in the realms of the organisations’ integrated reporting of capitals.
Sustainability Accounting, Management and Policy Journal
The MultiCapital Scorecard
2015 •
Martin Thomas, Mark McElroy
Corporate Communications: An International Journal
Theoretical Insights on Integrated Reporting: The Inclusion of Non-Financial Capitals in Corporate Disclosures
2018 •
Mark Camilleri
Purpose Corporations and large entities are increasingly disclosing material information on their financial and non-financial capitals in integrated reports (IR). The rationale behind their IR is to improve their legitimacy with institutions and stakeholders, as they are expected to communicate on all aspects of their value-creating activities, business models and strategic priorities. In this light, this contribution traces the theoretical underpinnings that have led to the organizations' environmental, social and governance (ESG) disclosures, and to explain the purpose of integrated thinking and reporting. Design / Methodology Following a review of relevant theories in business and society literature, this contribution examines the latest developments in corporate communication. This research explores the GRI's latest Sustainability Reporting Standards as it sheds light on IIRC's <IR> framework. Afterwards, it investigates the costs and benefits of using IR as a vehicle for the corporate disclosures on financial and non-financial performance. Findings: This contribution sheds light on the latest developments that have led to the emergence of the organizations' integrated thinking and reporting as they include financial and non-financial capitals in their annual disclosures. The findings suggest that the investors and the other financial stakeholders remain the key stakeholders of many organizations; it explains that they still represent the primary recipients of the corporate reports. However, the integrated disclosures are also helping practitioners to improve their organizational stewardship and to reinforce their legitimacy with institutions and other stakeholders in society, as they embed ESG information in their IR. Research Limitations / Implications: This paper has discussed about the inherent limitations of the accounting, reporting and auditing of the organizations' integrated disclosures. It pointed out that the practitioners may risk focusing their attention on the form of their reports, rather than on the content of their integrated reports. Moreover, this contribution implies that the report preparers (and their stakeholders) would benefit if their IR is scrutinized and assured by independent, externally-recognized audit firms. Originality / Value: This contribution has addressed a gap in academic literature along two lines of investigation. Firstly, it linked key theoretical underpinnings on the agency, stewardship, institutional and legitimacy theories, with the latest developments in corporate communication. Secondly, it critically evaluated the regulatory instruments, including; GRI's Sustainability Reporting Standards and the <IR>'s framework, among others; as these institutions are supporting organizations in their integrated thinking and reporting.
Asian Journal of Economics, Business and Accounting
The Impact of Industrial Sector on the Application of the Six Capitals Model in Integrated Reporting: A Case Study of Zimbabwe
Dumisani Muzira
The introduction of the six capitals models in integrated reporting brought about more disclosure in corporate reports for the benefit of the stakeholders. As an extension of the study done on the application of these capitals by the companies listed on the Zimbabwean stock exchange, this study is an investigation into the impact of industrial sector on the application of the six capitals model in integrated reporting. The study is a qualitative study that uses content analysis. The study is intended to benefit the preparers of financial reports, investors, and other stakeholders. The results showed that, the 13 sectors represented by the 20 companies reported on financial and manufactured capital. Financial, manufactured, and human capitals were the most reported capitals respectively while the lowly reported capitals were social and relationship, natural, and intellectual capital. Further analysis of data revealed that industrial sector did not only have an influence on the applic...
A critical reflection on the future of financial, intellectual capital, sustainability and integrated reporting
2017 •
Umesh Sharma
This paper examines the future of IC reporting by offering critical reflection on different forms of reporting, with a particular focus on Integrated Reporting (<IR>). While, the Global Reporting Initiative (GRI) framework for corporate social responsibility disclosures, the International Integrated Reporting Council (IIRC), and the various financial reporting regulators appear to be in a contest for supremacy, what does this mean for IC? We examine how IC is reported under each of these frameworks and conclude that <IR> is unlikely to subsume traditional financial statement reporting, nor will it be able to provide all the information currently reported in GRI-type reports. The interplay of these reporting frameworks and their future development bodes well for IC, because different kinds of IC information will be reported under each of <IR>, GRI-type reports and in financial statements; that is IC does not compete with these forms of reporting forms, but forms an essential part of each.
Recognising Commitment to Sustainability through the Business Model
Amanda J . Carter, Susan Lambert
Piero Mella
Michiel Schoemaker, André Nijhof, Jan Jonker* H um an Value M anagem ent. T he Influence o f the Contemporary D evelop m ents o f Corporate Social R esponsibility and Social Capital on H R M **
2006 •
Jan Jonker
Measuring Business Excellence
Reporting on intellectual capital: why, what and how?
2004 •
J. Mouritsen
International Journal of Knowledge-Based Development
Integrating corporate social responsibility and intellectual capital report: a small sample research
2013 •
David Katamba
