ABSTRACT
THE TABLE BELOW PROVIDES A SUMMARY of the terms you need to be familiar with, each of which is discussed in the following chapters. Essential 'ingredients' of <IR> Fundamental concepts (even more important in determining what goes in the report than the guiding principles) See Chapter 4 • Value creation for the organisation and for others • The capitals • The value creation process The six capitals (all the • financial capital things a business needs • manufactured capital to be successful) • intellectual capital See Appendix • human capital • social and relationship capital • natural capital 44 Guiding principles (the • Strategic focus and future orientation principles that underpin • Connectivity of information the preparation of • Stakeholder relationships an integrated report informing its content • Materiality and presentation) • Conciseness See Chapter 5 • Reliability and completeness • Consistency and comparability Integrated thinking "Integrated thinking is the active (what's needed to consideration by an organization of develop an integrated the relationships between its various report) operating and functional units and the See Chapter 6 capitals that the organization uses or affects. Integrated thinking leads to integrated decision-making and actions that consider the creation of value over the short, medium and long term.' (International <IR> Framework, Preface) Content elements (what • Organisational overview & external goes in the report) environment See Chapter 7 • Governance • Business model • Risks and opportunities • Strategy and resource allocation • Performance • Outlook • Basis of preparation and presentation • General reporting guidance
