Integrated Reporting

March 4th, 2014

A recent Harvard study looked at the evolution of integrated reporting, or the corporate practice of combining and communicating financial and non-financial (sustainability) performance in a single set of statements.

Here are some highlights:

*France and the European Union will require ESG (environmental, social, and governance) reporting of all publicly-traded companies within the next year, a significant step toward mandated integrated reporting. South Africa, one of the so-called BRIC nations, already requires it.

*Danish bio-industrial products company, Novozymes, became the first company in the world to issue an integrated report almost 10 years ago, followed by Natura Cosméticos, a Brazilian cosmetics and fragrances company and the Danish diabetes care company Novo Nordisk in 2003 and 2004, respectively.

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