Project on Integrated Reporting and the SDGs announced
ICAS and the IIRC will be collaborating with the Green Economy Coalition during 2017 to produce a report on Integrated Reporting and the UN Sustainable Development Goals (SDGs).
The publication of the SDGs has reinvigorated the debate about system changes that are required to achieve them.
It is widely agreed that the SDGs can only be delivered with the full participation of business. Their agreement has brought into focus a number of system changes that will be necessary to deliver the SDGs such as:
- investment in infrastructure,
- longer-term investment horizons and business planning cycles,
- consistently applied valuation of non-financial resources and
- businesses seeing the SDGs as a 'return on capital, not just a responsibility'.
Aims of the project
The project is intended to help organizations adopting Integrated Reporting identify and demonstrate how their value creation models align with achievement of the SDGs.
Concepts found in the International <IR> Framework such as connectivity, value creation, and multi-capitalism, lend themselves to supporting organizations that wish to play their part in achieving the SDGs.
It is expected that the report, which provides the intellectual basis for organizations to be able to link their value creation process to the SDGs, will be launched towards the end of the first half of 2017.
Ultimately, the report will help companies to do their part to end extreme poverty, fight inequality and injustice, and to fix climate change.
Professor Carol Adams, CA, will author the paper. Carol has extensive expertise in Integrated Reporting from a practical and academic perspective and was a co-author of the Capitals background paper for the IIRC.
The 17 SDGs were agreed and published by the UN in September 2015 and committed world leaders, over the next 15 years to end extreme poverty, fight inequality and injustice, and to fix climate change.
Anne Adrain, Head of Sustainability & Assurance, ICAS, said, "The report will highlight how Integrated Reporting can help organisations understand how their value creation model aligns with achievement of the SDGs.
“Ultimately, it will help companies to do their part to end extreme poverty, fight inequality and injustice, and to fix climate change.”
“We look forward to working with the IIRC and the Green Economy Coalition on this project."
Commenting on the joint project Neil Stevenson, Managing Director - Global Implementation, IIRC said,
“We acknowledge the fantastic initiatives that are already available to businesses – such as the 'SDG Compass' from WBCSD, GRI and the UN Global Compact and 'Measure What Matters' led by the Green Economy Coalition with A4S. These have already provided the market with much support, research and guidance for those that are committed to the SDGs. Our aim is to clarify the role that <IR> can play for those organizations whose strategy includes alignment to the SDGs.”
The project will be overseen by an advisory group of stakeholders from across the corporate reporting system.