IIRC (International Integrated Reporting Council)

Pioneered integrated reporting across six capitals and value creation.
Status: Merged into ISSB via the Value Reporting Foundation (2022)[1].
Founded
2010
Merged into ISSB in 2022[1]
Six Capitals
6
Financial, Manufactured, Natural, Human, Social, Intellectual
Global Reach
100+
Used by companies in 100+ countries[1]
Legacy
ISSB
Multi-capital thinking in global standards[1]
IIRC Six Capitals Model
CapitalDescriptionExamples
FinancialFunds available for production and investmentEquity, debt, cash, investments
ManufacturedPhysical objects and infrastructureBuildings, machinery, technology, tools
NaturalEnvironmental resources and ecosystem servicesWater, minerals, biodiversity, land, air
HumanSkills, experience, and motivation of peopleEmployee skills, training, health, safety
Social & RelationshipRelationships with communities, stakeholders, institutionsPartnerships, trust, brand, social license
IntellectualOrganizational knowledge, systems, IPPatents, software, processes, brand equity
Integrated Reporting Principles
PrincipleDescription
Strategic focus & future orientationHow strategy addresses external environment and resource dependencies
Connectivity of informationExplain interdependencies between capitals and operations
Stakeholder relationshipsDescribe influence and impact of stakeholder relationships
MaterialityDisclose matters affecting value creation over time
Conciseness, reliability, consistencyAccessible, verifiable, and comparable reporting
IIRC/IR Framework Timeline
YearMilestoneStatus
2010IIRC foundedActive
2013First Integrated Reporting Framework publishedAdopted globally
2021Merged with SASB to form Value Reporting FoundationComplete
2022VRF merged into IFRS Foundation, supporting ISSBComplete
2023–2025IR Framework referenced in ISSB standards, multi-capital approach mainstreamedOngoing
IIRC Legacy and Influence
  • Multi-capital model: Six capitals integrated into ISSB and global standards[1]
  • Holistic value creation: Emphasized interdependencies and long-term strategy[1]
  • Integration: Unified financial and sustainability reporting[1]
  • Global reach: Early adoption in South Africa, now referenced worldwide[1]
  • Ongoing impact: Principles and framework embedded in ISSB, GRI, and EU CSRD[1]

About the IIRC and Integrated Reporting

The IIRC pioneered the integrated reporting movement, introducing a multi-capital model and a framework for explaining how organizations create, preserve, or erode value over time[1]. Its principles, now embedded in the ISSB and other global standards, emphasize strategic focus, connectivity, stakeholder relationships, and materiality, making integrated thinking central to the future of sustainability and financial reporting[1].

Note: All data reflects official IIRC, ISSB, and industry updates as of May 2025.

IIRC (International Integrated Reporting Council)