Category: Integrated Reporting

Three Reasons Why Intellectual Capital Is Bad for the IIRC

thinking about intellectual capital and the IIRC

It’s happened to me twice this week. I found myself explaining what intellectual capital is and is not. It’s nothing new. But I decided to go on the record. So here goes….

I am a huge admirer and supporter of the work of the International Integrated Reporting Council (IIRC). It has been a huge influence on my work. And I love that there is a lot of fluidity and creativity in how each company applies the ideas in its own context.

But I have to admit to frustration about the use of the phrase “Intellectual Capital” to describe organizational knowledge in the IIRC Framework. Continue reading “Three Reasons Why Intellectual Capital Is Bad for the IIRC”

Outputs, Outcomes and the Integrated Reporting Capitals

measuring the integrated reporting capitals

Outputs and outcomes are core ideas in the integrated reporting movement. It was through this movement that I had my first formal exposure to the concepts. That’s because I have a business and finance background. I came to integrated reporting through an interest in tangible and intangible assets. I’m newer to the environmental and social perspectives which is where, it turns out, the output/outcome vocabulary is quite common.  It takes some work to understand how the two approaches fit together (at least it has for me!) so I thought I’d share some background and thoughts on a different model. Continue reading “Outputs, Outcomes and the Integrated Reporting Capitals”

Six Capitals – Or Is It Seven?

the multi-capital model is like a bowl of various fruits

Our economies continue to change at an incredible rate. The industrial era is being pushed aside none too soon. Our societies and our planet cannot afford business models that maximize short-term profits at the expense of communities, the environment and even the long-term interest of the companies themselves. The good news is that information technology provides us the tools to re-make businesses to drive innovation and solve problems in new and more effective ways. Success today demands holistic management of tangible, natural and intangible digital and knowledge assets. Continue reading “Six Capitals – Or Is It Seven?”

The Roots of the Multicapital Model in Integrated Reporting

The Integrated Reporting Movement is a world-wide undertaking by thousands of businesspeople and companies who are seeking to drive better thinking, action and communication in business.

One of the key elements of the IIRC Framework is the multi-capital model. The Framework includes six capitals that draw from three traditions: Continue reading “The Roots of the Multicapital Model in Integrated Reporting”