A report that supports businesses looking to contribute to the achievement of the Sustainable Development Goals (SDGs) as part of their value creation process has been published by the International Integrated Reporting Council (IIRC) and ICAS, in partnership with the Green Economy Coalition.
The report, The Sustainable Development Goals, integrated thinking and the integrated report, was authored by Durham University Business School Professor Carol Adams and has been developed to help organisations enhance their contribution to the SDGs, whilst reducing corporate risk and increasing opportunities that arise from sustainable development issues.
The publication is centred on the concept of the six capitals which is a central feature of Integrated Reporting.
It addresses how organisations can make material contributions to the SDGs and clarifies how they are mitigating or alleviating any detrimental effects.
The International Integrated Reporting Framework focuses businesses on how they create value. Integrated Reporting enables organisations to consider this through the perspective of their strategy and business model.
IIRC CEO Richard Howitt commented: “I believe that businesses that commit to the SDGs will be helping to ensure the stability and sustainable development of their own business.
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"We hope that this report will play a role in helping organisations to apply integrated thinking, considering value creation from the point of view of strategy and the business model.”
By Joe Pickard