From Share Value to Shared Value: Exploring the Role of Accountants in Developing Integrated Reporting in Practice

IMA (Institute of Management Accountants) – ACCA (The Association of Chartered Certified Accountants) Joint Research Report, January 2016

41 Pages Posted: 7 Aug 2017

See all articles by Delphine Gibassier

Delphine Gibassier

Audencia Business School

Michelle Rodrigue

École de comptabilité, Université Laval

Diane-Laure Arjaliès

Ivey Business School at Western University

Date Written: January 1, 2016

Abstract

Overview: The corporate reporting landscape has evolved in the last 20 years from financial reporting to sustainability reporting to “integrated reporting.” Since 2010, the IIRC (International Integrated Reporting Council) has led the work on building the first Integrated Reporting (IR) framework, published in December 2013.

The accounting profession has played a crucial role in pushing the idea of integrated reporting forward. Now, accountants are looking at how they can best participate in IR corporate practice. This report is aimed at accountants who would like to get involved more closely, or even drive, the IR efforts within their organization.

“From Share Value to Shared Value” is the result of a joint IMA/ACCA call for research proposals. The report is based on participative observation within a leading multinational company — pilot of the IIRC — interviews with international experts, and other multinational companies on their IR journey, as well as documentary evidence collected from 2011 to 2015.

Key Insights: The global tide is turning in favor of integrated reporting, and accountants have a fundamental role to play. They must equip themselves with new skills to help steer integrated reporting properly.

Ultimately, creating shared value acknowledges both the work that corporations need to do to reduce negative impacts on society as well as, and more fundamentally, how they can be part of progress on global challenges, such as climate change and the enforcement of human rights.

Central to IR is the value-creation process. The objective of an integrated report is to expose how an organization creates value over time, taking into consideration that this process is influenced by the company’s external environment, as well as its stakeholders, and relies on multiple resources.

Keywords: Integrated Reporting, Social and Environmental Accounting

JEL Classification: H83, M41

Suggested Citation

Gibassier, Delphine and Rodrigue, Michelle and Arjaliès, Diane-Laure, From Share Value to Shared Value: Exploring the Role of Accountants in Developing Integrated Reporting in Practice (January 1, 2016). IMA (Institute of Management Accountants) – ACCA (The Association of Chartered Certified Accountants) Joint Research Report, January 2016 , Available at SSRN: https://ssrn.com/abstract=2836252

Delphine Gibassier

Audencia Business School ( email )

8 Road Joneliere
BP 31222
Nantes Cedex 3, 44312
France

Michelle Rodrigue

École de comptabilité, Université Laval ( email )

Québec, Québec G1V 0A6
Canada

Diane-Laure Arjaliès (Contact Author)

Ivey Business School at Western University ( email )

London, Ontario
Canada

HOME PAGE: http://www.ivey.uwo.ca/faculty/directory/diane-laure-arjalies/

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