Professional accountants should work with their organizations to connect processes, systems, and data
across various organizational functions, and within the extended supply chain. From a reporting perspective,
greater collaboration and coordination between the finance and accounting functions, specialist
sustainability, or corporate responsibility, as well as operational teams and suppliers, will be needed to help
break down silos in the way information is managed and reported.
Integrated reporting will help organizations to address these recommendations by bringing together
material information about an organization’s strategy, governance, performance, and prospects in a way
that reflects the commercial, social, and environmental context within which it operates. The process
of integrated reporting can also help to drive good governance practices, including new systems and
processes, to measure, analyze, and report an organization’s ESG performance.