Integrated reporting to improve corporate reporting, says top CXOs

MUMBAI: Integrated reporting could help in companies improving their corporate governance and corporate reporting as per a research report.

The report said that about 75% of the business leaders felt that integrated reporting will help improve corporate reporting in their organizations, as per a survey by Grant Thornton Bharat. The survey included responses from some of the top global corporate executives.

Integrated reporting in financial reporting goes beyond the numbers. It gives details as to how the company is creating value and also provides details around environmental, social and other corporate governance related steps it undertakes.


“Since the new Companies Act 2013, India has made significant progress in corporate reporting and disclosures. I believe this decade will see similar progress on integrated reporting, as it is an opportunity to not only differentiates yourself but to contribute to shaping a more vibrant Indian economy,” Vishesh C Chandiok, CEO, Grant Thornton Bharat said.

The survey found that about 66% of respondents felt they did not have adequate levels of awareness about integrated reporting. Also 56% of respondents agreed that integrated reporting improves transparency and governance, while almost 70% believe it will help enhance stakeholder value.

“The International Integrated Reporting Framework helps organisations gain a holistic view of their businesses by providing a clear overview of all their capitals, which is geared towards long-term value creation,” said Charles Tilley, CEO of the International Integrated Reporting Council.