INTEGRATED REPORTING – A SOLUTION FOR THE SUSTAINABLE DEVELOPMENT OF THE CORPORATE SECTOR
Journal Title: European Journal of Business and Social Sciences - Year 2015, Vol 4, Issue 3
Abstract
The private sector has been dealing with one of the most severe financial crisis in recent history, thus the question of solutions must be tackled. As a result of the need to adapting to a more demanding economic environment, the present business reporting has proven unsatisfactory. Alternatively, an Integrated Reporting system could be the answer: flexible, addressing short, medium and long term time frames, focusing both on the past and future, it analyze s six key types of capitals - financial, manufactured, intellectual, social and relationship, human and natural capital. This paper aims at to introduce the concept of Integrated Reporting with respect to sustainable growth. In the literature review section the progress of Integrated Reporting is reviewed from the perspective of two organizations’ - King Report on Governance for South Africa, and the International Integrated Reporting Council in the U.K. Afterwards, the article presents a case study of a successful company which has already issued an integrated report in 2012, combining information on its financial and non-financial performance – SAP AG, to enhance transparency and innovation potential. Therefore, the implications are centred on providing new lines for the business model and underlining the practical importance of interdependencies between categories of reported information.
Authors and Affiliations
IMBRIŞCĂ Cosmin Ionuţ| PhD student, The Bucharest University of Economic Studies, Bucharest, Romania imbrisca_c@yahoo.com, NAGEL-PICIORUŞ Claus| Head of Organizational Development and Controlling, RNR AG Leverkusen, Germany, NAGEL-PICIORUŞ Luciana| PhD student, The Bucharest University of Economic Studies, Bucharest, Romania
Keywords
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