How Integrated Reporting Is Changing The Role Of The Accounting Profession

In an interview, Giorgio Saavedra, Integrated Reporting Lead in the Corporate Reporting group of the World Bank, talked about why integrated reporting is a priority and what they hope to achieve.

As the WBG evolves to better position itself to meet the 2030 Development Agenda, having a holistic view of the strategy, governance, performance of the institution against the strategy, and the risks to achieving the strategy is essential to support more informed decision making. Embedding the elements of the IR framework into our corporate reporting can facilitate organizational alignment with our strategic goals and help management understand the linkages between the various factors that affect our strategy and long-term sustainability.We also see significant benefits in our role as a multilateral development institution in promoting the widespread adoption of IR by our clients to improve transparency and accountability. For example, in a time when the public sector is expected to work in partnership with the private sector to address some of today’s key social challenges, adoption of IR can provide the framework for a more holistic approach to decision making, transparency about risks and how these are being managed.

Source: How Integrated Reporting Is Changing The Role Of The Accounting Profession

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