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Hello sir,
There are often questions in the paper regarding the use of the IR framework. But how can we properly understand when we have to focus on the 6 main capitals, and we have to give general benefits of the reporting frameworkfor eg, Smartwear From 2019 has a question asking to make a briefing note, but it doesn’t specify the 6 Capitals,just states to explain how it provides more relevant info to shareholders about long term value creation
Any help is much appreciated
I suppose that if you don’t mention the six capitals you might find there is not a lot to say in your explanation. The six capitals widen the criteria for success and obtaining success beyond just money. For example, intellectual capital, though not appearing in traditional financial statements will be vital for the long-term success of many businesses.
In out notes pages 33 to 35 give a succinct description of what integrated reporting tries to do.
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