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CS Professional · Environmental, Social and Governance (ESG) - Principles and Practice · Integrated Reporting Framework, Global Reporting Initiative Framework and Business Responsibility and Sustainability Reporting

Nila Chemicals Ltd's CS notes that earlier reports presented environmental and social information in a separate stand-alone sustainability report, while the newer approach links it with strategy, governance and financial performance in one report. Which framework is built on this idea of connecting information across 'capitals' to explain value creation?

The Integrated Reporting Framework connects financial and non-financial information across the capitals with strategy, governance and performance to explain how an organisation creates value over time. It moved reporting away from separate stand-alone sustainability reports toward one connected, concise report.

  1. AIntegrated Reporting FrameworkCorrect
  2. BStandalone CSR rules schedule
  3. CCash flow statement format
  4. DSecretarial audit report format

Explanation

The Integrated Reporting Framework uses six capitals (financial, manufactured, intellectual, human, social and relationship, natural) and connects them with strategy and governance to explain value creation. The others do not do this.

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