New-style green reporting starts

After three years of development, the first global framework for integrated reporting has been launched. It could greatly increase investors’ awareness of environmental issues.

The first global framework for integrated reporting was published on 9 December by the International Integrated Reporting Council (IIRC), a group of companies, investors and accountancy firms set up in 2010.

It has the potential to lead to investors receiving more information about companies’ use of natural resources and how they are exposed to short, medium and long-term environmental risks.

However, it does not require firms to report on any specific indicators and this could make it difficult to compare performance between businesses.

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