Version 1.0 of Integrated Reporting to be launched in December
The version 1.0 of the Integrated Reporting Framework – document that introduces standards for companies to report several aspects of their activities, such as environmental, accounting and financial aspects – is expected to be globally launched on December 5th, in an event to take place in London (UK), according to the professor Nelson Carvalho, from FEA-USP, who participates in the International Integrated Reporting Committee (IIRC), an international multidisciplinary group which objective is to establish global standards for the adoption of the Integrated Reporting.
According to Carvalho, from the launch of this version on, companies will start a period of tests with the new standards. One of IIRC’s focus is to show the importance of the Integrated Reporting to a specific audience as a tool for the assessment of companies and, therefore, of their ability to obtain financing. “This is a topic in which the president of IIRC’s Board, Paul Druckman, has been showing great interest and that is likely to guide the entity’s actions,” the professor says.
According to the advisor of the presidency of BNDES (the Brazilian Development Bank), Vania Borgerth, who participated in the last IIRC global leadership meeting in Frankfurt (Germany), Brazil has been standing out both in the work to evaluate the Integrated Reporting (conducted by the Brazilian Commission) and in its adoption by companies – the country ranks 3rd in the number of companies that are participating in IR’s Pilot Project, behind only the United Kingdom and the Netherlands. Vânia said that the intention now is to create networking groups per industry based on the distinguishing features of each economic segment to facilitate the understanding of the topic and its adoption.
