BUSINESS ADMINISTRATION
INDUSTRIAL RELATION
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Question
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Detailed explanation-1: -Originally published in 2013, the Integrated Reporting Framework provides a structure that companies can use to tell their story about how they manage their responses to the external environment and create value for shareholders.
Detailed explanation-2: -They are categorized in the <IR> Framework as financial, manufactured, intellectual, human, social and relationship, and natural capital, although organizations preparing an integrated report are not required to adopt this categorization or to structure their report along the lines of the capitals.
Detailed explanation-3: -There are three fundamental concepts underpinning <IR>: Value creation, preservation or erosion for the organisation and for others.
Detailed explanation-4: -The IIRC recognises six distinct but interrelated capitals: financial, manufactured, natural, human, intellectual and social and relationship.