Integrated reporting is founded on integrated thinking, which helps to demonstrate interconnectivity of strategy, strategic objectives, performance, risk and incentives and helps to identify sources of value creation. In

The International Integrated Reporting Council (IIRC) is a powerful, international cross section of leaders from the corporate, investment, accounting, securities, regulatory, academic and standard-setting sectors as well as civil society. The IIRC was established in 2010 in recognition of the need to move to-wards an International Integrated Reporting Framework that is fit-for-purpose for the 21st century. The IIRC seeks to build upon, enhance and support the work that has been done to date, and is ongoing, to achieve a reporting framework that: communicates the organization's strategy, business model, performance and plans against the background of the context in which it operates; provides a coherent framework within which market and regulatory driven reporting requirements can be integrated; is internationally agreed, so as to encourage convergence of approach and hence more ready understanding of information presented; reflects the use of and effect on all of the resources and relationships or "capitals" (human, natural and social as well as financial, manufactured and intellectual) on which the organization and society depend for prosperity; and reflects and communicates the interdependencies between the success of the organization and the value it creates for investors, employees, customers and, more broadly, society. The IIRC is developing an International Integrated Reporting Framework that will facilitate the development of reporting over the coming decades. The core objective of the Framework is to guide organizations on communicating the broad set of information needed by investors and other stakeholders to assess the organization's long-term prospects in a clear, concise, connected and comparable format. This will enable those organizations, their investors and others to make better short-and long-term decisions.