In this issue: Read the IIRC Pilot Programme Yearbook 2013, UNCTAD and IIRC sign an MoU, an update on plans for the release of the International <IR> Framework, and blogs from Generali and Richard Howitt MEP
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IIRC Newsletter - November Edition
IIRC Pilot Programme Yearbook 2013, 'Business and Investors explore the sustainability perspective of Integrated Reporting'

The IIRC Pilot Programme Yearbook 2013 has been released this month, detailing the journeys of the IIRC Pilot Programme businesses and investors as they work towards <IR>. It describes how businesses are connecting departments, and developing their strategies for longer term value creation. 

Integrated Reporting can be viewed through several lenses: from the perspective of finance, or intangibles such as intellectual or human capital. This Yearbook focuses the lens on what those responsible for sustainability within their organizations are doing to move towards <IR>; how they are are beginning to use the sustainability information they already collect to progress towards <IR>. 

The experiences in this Yearbook are proof that <IR> is not just about producing reports; it is about integrated thinking and the way an organization creates value over time. Businesses explain how, for example, considering the capitals has led them to change the way they work across departments, use technology to integrate information, and change their reporting to strengthen the connectivity of information. 

Italy-based Enel SpA, an integrated utilities company, feature as a case study in the Yearbook. Enel's CEO Fulvio Conti said the business has undergone "profound transformation in order to maximise performance through a robust, fully integrated structure."

The Yearbook explores how businesses and investors are using Regional Networks across the world to drive momentum for <IR> and refine its practice by sharing their experiences. 

"Although we were on the right path, being able to interact and benchmark against other companies that are much more evolved on <IR> has been really helpful to leap forward," says Gabriel Escarrer Jaume, Vice Chairman and CEO of Meliá Hotels International, based in Spain. 

Businesses continue to see the benefits of joining the IIRC Pilot Programme with PepsiCo the latest business to become a participant. 

Read the IIRC Pilot Programme Yearbook 2013, 'Business and Investors explore the sustainability perspective of Integrated Reporting.'
United Nations Conference on Trade and Development (UNCTAD) sign Memorandum of Understanding with the IIRC


UNCTAD is the focal point of the United Nations for the integrated treatment of trade and development, and interrelated issues in the areas of finance, technology, investment and enterprise, and sustainable development. This MoU signifies an ongoing collaboration between the IIRC and UNCTAD to promote the global harmonisation and clarity of reporting frameworks, leading to improved effectiveness in corporate reporting practices. 

This MoU demonstrates UNCTAD's support of the development and implementation of <IR> in building a more resilient business environment and more informed decision-making by policy makers and providers of financial capital. 

This follows MoU signed with IFAC, CDP/CDSB, GRI, IASB, WBCSD AND WICI.
The IIRC "will be issuing a framework on integrated reporting - and the world will be watching" Dina Medland, Forbes

On 9 December, the IIRC plans to release the highly anticipated International <IR> Framework. The Framework, developed over the past two years through consultation with a large variety of stakeholders, is viewed by many as a key to building financial stability and sustainability in global markets. 

Work towards the Framework began in September 2011, when the Discussion Paper 'Towards Integrated Reporting - Communicating Value in the 21st Century' was released. The response to the Discussion Paper demonstrated overwhelming support for the IIRC to begin the next phase of its Framework development. 

In April 2013, the IIRC launched a 3 month consultation period, during which time it called on organizations across the world to read and feedback on the Consultation Draft of the International <IR> Framework. Submissions came from a large variety of stakeholders in every region of the world, and signaled that this market-led initiative will have a profound and beneficial impact for businesses, investors, capital markets, society and the economy. The IIRC has been revising the Framework since the end of the consultation period, based on the feedback received to the Consultation Draft.

On 5 December the IIRC Council will meet in London where they will be asked for their approval of the Framework. To coincide with this meeting, the new Lord Mayor of the City of London, Fiona Woolf, will welcome the Framework at an event at Mansion House on 4 December. The event will include a video address from HRH The Prince of Wales, a keynote speech from Professor Mervyn E King SC, Chairman, IIRC, as well as Paul Druckman, CEO, IIRC in conversation with Colin Melvin CEO, Hermes EOS and Russell Picot, Group Chief Accounting Officer, HSBC. If you are in London on 4 December, please register for a place here.
The Generali Group explore using Integrated Reporting internally. 

The Generali Group, an international insurance company based in Italy, is a pioneer in bringing to life Integrated Reporting "internally".

Massimo Romano, who leads Generali's group integrated reporting team, discusses the benefits that they are detecting.

Read his blog
IIRC CEO Paul Druckman introduces the IIRC Pilot Programme Yearbook 2013 

'Integrate: Doing Business in the 21st Century' is now available to buy on Amazon
Richard Howitt MEP writes that "New European proposal 'vital' for Integrated Reporting"
 
Read Richard Howitt MEP blog here
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The IIRC Communications Team can be contacted by email at: pippa.whittaker@theiirc.org
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