What are the Guiding Principles of Integrated Reporting?

An Integrated Report aims to provide insights about the resources and relationships used and affected by an organization - collectively called the capitals. This report, the framework for which has been developed by The International Integrated Reporting Council ('IIRC') seeks to explain how an organisation interacts with the external environment and the capitals to create value over the short, medium and long term. The following Guiding Principles underpin the preparation of an integrated report, specifying the content of the report and how information is to be presented. Strategic focus and future orientation: An integrated report should provide insight into the organization's strategy and how it relates to the organization's ability to create value in the short, medium and long term, and to its use of and effects on the capitals Connectivity of information: An integrated report should show a holistic picture of the combination, interrelatedness and dependencies between the factors that affect the organization's ability to create value over time Stakeholder relationships: An integrated report should provide insight into the nature and quality of the organization's relationships with its key stakeholders, including how and to what extent the organization understands, takes into account and responds to their legitimate needs and interests Materiality: An integrated report should disclose information about matters that substantively affect the organization's ability to create value over the short, medium and long term Conciseness: An integrated report should be concise Reliability and completeness: An integrated report should include all material matters, both positive and negative, in a balanced way and without material error Consistency and comparability: The information in an integrated report should be presented: On a basis that is consistent over time; and In a way that enables comparison with other organizations to the extent it is material to the organization's own ability to create value over time.