Strategic Foresight

Business Day: Importance of aligning reporting standards for effective oversight

Business Day Newspaper reports on a renewed interest in reporting integration and the availability of reliable data.


Excerpted:

“In recent months the corporate reporting dialogue convened regional dialogues with stakeholders to take suggestions for alignment between frameworks for financial and prefinancial or sustainability disclosures. Speaking at the opening of the IIRC conference, professor Amy Zalman reminded participants that integration is a condition of our world, a given, not a choice. In a powerful message for arrogant disciplinarians and separatists alike, she noted that value arises from integration, not separation. Core values for the age of integration include being holistic and anticipatory. The latter implies being aware that change is not linear, and that the future will not be like the past.”