ABSTRACT
The core value of integrated reporting can, and should be, connected to increases in operational efficiency, and returns generated from a financial perspective for the organization. It is important to remember and continuously circle back to the underlying concept of integrated reporting when constructing the value model for implementation. Generating value for shareholders and stakeholders is clearly a fiduciary duty and responsibility of management regardless of industry lines, but this duty can all too often overshadow the importance of creating value over the medium and long term. Integrated reporting, at the core of the concept, emphasizes the idea of long-term value creation both sustainable in terms of its impact on the environment and the ability of organizations to generate these results over the longer term. The concept of a circular economy, at the essence of the idea, is that organizations and other stakeholder groups must operate in a manner that generates value in the short, medium, and long term.
