Integrated reporting 'good for governance'
Australian figureheads encouraged integrated reporting, claiming strengthened governance and performance boost
INTEGRATED REPORTING has been under the spotlight in Australia as accountancy stakeholders and institutes there hosted a forum on improving governance.
Chief among their conclusions was that integrated reporting – weaving together financial and non-financial data – “is a powerful tool to help drive an organisation’s strategic agenda, providing management with key drivers of performance”.
Focusing on environment, social and governance factors can boost strong management and allow development of new systems to help measure performance in these strategic areas, the conference found.
Richard Tabor, chair of the Professional Accountants in Business committee, said: “The speakers at the PAIB Forum and subsequent committee meeting served to help us better understand how organisations and their investors are managing ESG issues and incorporating ESG into valuations and decision making.”