The International Integrated Reporting Council (IIRC) in its International Integrated Reporting Framework defines the integrated report as “a concise communication about how an organization’s strategy governance, performance and prospects, in the context of its external environment, lead to the creation of value in the short, medium and long term”. Integrated reporting is defined as “a process founded on integrated thinking that results in a periodic integrated report by an organization about value creation over time and related communications regarding aspects of value creation”.