Articles by IRC of SA

Our new Information Paper offers practical considerations in applying a layering approach to sustainability reporting set in the context of the organisation’s governance, integrated thinking, and integrated report.

South Africa’s Second Code for Responsible Investing in South Africa, 2022 (CRISA 2) was released in September 2022. It builds on the first CRISA Code (2011) and contains five voluntary principles for stewardship and responsible […]

On 1 August 2022 the IFRS Foundation announced the completion of the consolidation of the Value Reporting Foundation (VRF) into the IFRS Foundation. The VRF’s Integrated Reporting Framework provides connectivity between financial statements and sustainability-related financial […]

The IFRS Foundation, on 25 May 2022, released a statement articulating the future path for integrated reporting. It offers clarity following the Value Reporting Foundation’s consolidation on 30 June 2022. The International <IR> Framework becomes […]

The US Securities and Exchange Commission (SEC) is updating, after a public consultation period, for amendments on the enhancement and standardization of climate-related disclosure for investors. The proposed rule changes will require climate-related disclosures in registration and […]

This Update, released on 14 March 2022, addresses some of the recent international developments in corporate reporting. It sets out the IRC’s technical focus for 2022, which includes comment submissions and developing practical FAQs to […]

The ISO 37 000 Standard guides governing bodies to report, in an integrated manner, on its governance and the organization’s performance, generation of value (creation, erosion, and preservation), resource stewardship, financial resources, and other matters. Input […]

The JSE has released guidelines for sustainability and climate disclosure. While intended primarily to assist JSE-listed companies, the guidance will also be of value to institutional investors and the different entities that they invest in […]

Embedding and checking …. The VRF has launched a Prototype of key principles of integrated thinking, and are designed to be embedded into an organisation’s business model and applied across key activities overseen by the Board […]

The International Sustainability Standards Board (ISSB) has been formally announced. The ISSB will be formed by the consolidation of the Value Reporting Foundation (VRF – the merged IIRC and SASB) and the CDSB into the […]

The Value Reporting Foundation has released Transition to integrated reporting: A Guide to getting started Its aimed at helping new preparers develop a transition plan to integrated reporting.

The content areas and six capitals of the integrated report offer a useful structure for holistic internal reporting and driving integrated thinking. See the Integrated Reporting Committee (IRC) of South Africa’s latest Information Paper Aligning Internal […]

The octopus model, also known as the umbrella approach, explains how an organisation’s different reports can fit together.

The Paper has been updated for the changes in the revised <IR> Framework.  The Disclosure of Governance Information in the Integrated Report (Updated): An Information Paper includes a new section, with examples, of the processes […]

The International Accounting Standards Board (IASB) in May 2021 released an Exposure Draft on Management Commentary to update its original voluntary Practice Statement released in 2010. The IASB is currently in the process of considering […]

The International Organization of Securities Commission (IOSCO) sets out its vision and expectations for the IFRS Foundation’s work on a global baseline for sustainability standards. IOSCO also released an interesting new report on issuers’ sustainability-related […]

The new Value Reporting Foundation focuses on offering three resources tools:  integrated thinking, the <IR> Framework and the SASB standards.  The full media release on this development can be found here.

IFRS governance changes to see in the new ISSB To establish the new International Sustainability Standards Board (ISSB), the IFRS Foundation has to amend its constitution. The proposed changes are in an exposure draft open […]

IFRS Trustees respond The IFRS Foundation has released a Feedback Statement, which is a summary of the comments received on its Consultation Paper on Sustainability Reporting issued in September 2020. The Statement includes the Trustees’ […]

The IAASB has released its Guidance on Extended External Reporting (EER) assurance (which covers integrated reporting). It culminates a project that started in October 2017. To view the guidance click here

The International Integrated Reporting Council (IIRC) is a global coalition of regulators, investors, companies, standard setters, the accounting profession and NGOs. Together, this coalition shares the view that communication about value creation should be the […]

This FAQ outlines the TCFD recommendations and recommended disclosures and their relation to the integrated report FAQ TCFD May 2021 final

Where and how should the organization show the impacts of the pandemic and the uncertainties that lie ahead in its integrated report? Read the IRC’s latest FAQ FAQ – Reporting in a time of crisis […]

Double materiality, impact materiality, financial materiality … if you’re wondering what the terms mean take a look at our new FAQ – Explaining Materiality in Corporate Reporting. The FAQ outlines the terms and where they […]