IIRC and ICAS publish new approach to SDGs

Sep 22, 2017
A new approach that supports businesses looking to contribute to the achievement of the Sustainable Development Goals (SDGs) as part of their value creation process has been published by the International Integrated Reporting Council (IIRC) and Institute of Chartered Accountants in Scotland, in partnership with the Green Economy Coalition.

The report, authored by academic Professor Carol Adams CA of the Durham University Business School, has been developed to help organisations enhance their contribution to the SDGs, while reducing corporate risk and increasing opportunities that arise from sustainable development issues.

This new publication is centred on the concept of the six capitals, which is a fundamental feature of Integrated Reporting. It addresses how, through efforts to transforms the capitals to create value for themselves and for others, organisations can make a material contribution to the SDGs, as well as clarify how they are mitigating or alleviating any detrimental effects.

The International Integrated Reporting Framework focuses businesses on how they create value. Integrated Reporting enables organisations to consider this through the perspective of their strategy and business model. It also encourages them to consider their stewardship of the relationships and resources they use and affect, and understand the trade-offs they make.