Even though companies were reporting through a range of mechanisms sustainability reports, triple bottom line, and CSR reports these methods of reporting were seen as fragmented and not integrating the financial and non-

In response to the shortcomings identified in the given case, the International Integrated Reporting Council (IIRC) was formed in the year 2010, projecting Integrated Reporting as a solution to the shortfalls of financial reporting. Its intent was to act as a catalyst for behavioural change and long-term thinking, bringing together financial, social, environmental and governance information in a clear, concise, consistent and comparable format. The main objective of the IIRC was to structure an Integrated Report that encompassed financial and non- financial information. In addition, the Integrated Report was also to: Improve the quality of information provided to investors and lenders Communicate the full range of factors that materially affect the ability of an organization to create value over time by using a more cohesive and efficient approach to corporate reporting which draws on different reporting strands. Enhance accountability and stewardship for the broad base of six capitals (financial, manufactured, intellectual, human, social and relationship, natural) and promote understanding of their interdependencies. Support integrated thinking, decision-making and actions so as to create value.