ACCA Strategic Professional · Strategic Business Leader · Reporting to stakeholders
Brightwell Energy wants its annual report to show investors how the business creates value over the short, medium and long term, linking strategy, governance, performance and prospects, and using the six capitals (financial, manufactured, intellectual, human, social and relationship, natural). Which reporting approach is the company adopting?
The company is adopting integrated reporting under the IIRC framework. It explains how an organisation creates value over time using the six capitals and links strategy, governance, performance and prospects, giving a broader and more connected picture than financial statements or narrower statutory disclosures.
- AIntegrated reporting based on the IIRC frameworkCorrect
- BA statutory directors' remuneration report
- CA segmental report under IFRS 8
- DA going concern and viability statement
Explanation
Integrated reporting centres on value creation over time and the capitals, connecting strategy, governance, performance and outlook in one concise communication. Remuneration, segment and viability reports each have narrower purposes and do not use the capitals model.
Did you get it right without looking?
One question tells you little. A timed set on Reporting to stakeholders shows your real accuracy, how long you take and where you lose marks.
More Reporting to stakeholders questions
- Karvel Energy publishes a sustainability report that sets out ambitious carbon targets, but the report has not been checked by anyone indepe…
- Dunmore Bank's board wants its annual report to give stakeholders confidence about risk management. Which disclosure would be most useful to…
- Kestrel Foods publishes an ESG report with striking photographs and claims of being 'on the path to net zero'. It gives no baseline, no targ…
- Orlin Energy's annual report presents a strategic report with a long list of positive achievements but omits a major safety incident, a regu…
- Zentara plc, a mining company, publishes a separate report each year setting out its energy use, water consumption, community investment and…
- Harlow Energy's sustainability report is prepared entirely by its marketing department, reports only favourable indicators, and has no exter…