Integrated Reporting Framework was launched in London in December 2013. This model promotes a cohesive and efficient approach to corporate reporting and aims to improve the quality of information.

The primary purpose of an integrated report is to explain how an organization creates value in short, medium and long term. The Report aims to provide more information about the external environment that affects the company.

There are different kind of capital categories: financial capital, manufactured capital, intellectual capital, human capital, social and relationship capital and last natural capital. For example this natural capital means all renewable and non-renewable environmental resources and processes that support the past, current or future prosperity of a company.

It is also good to notice that different industries and service organisations have their different value and capital perceptions, so not the all capitals are equally important.

More: theiirc.org

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