ABSTRACT
The process of developing an integrated report brings real benefits. It highlights gaps in thinking systems and processes. It involves thinking long term and collaboration across functions – or 'breaking down silos'. It ensures that material sustainability issues and risks get board-level attention. UN Global Compact LEAD staff interviewed twenty participants about the Consultation Draft of the International Integrated Reporting <IR> Framework. The integrated thinking needed to produce an integrated report requires working together in setting people's strategy and thinking about their business model. The top two benefits of <IR> are perhaps in: transforming decision-making processes in a way which aligns benefits to business, society and the environment; and better risk identification and mitigation. In <IR> the real changes will come through the emphasis on long-term thinking and much broader notions of creating value. A key person to influence transformative change in any organisation is the Chief Financial Officer (CFO) – the holder of the purse strings.
