Describing it as an “important milestone in the market-led evolution of corporate reporting,” the International Integrated Reporting Council this week released the final version its framework for “integrated reporting,” a global push to rethink stakeholder communications on financial stability and sustainability.

The International Integrated Reporting () Framework released on Sunday defines an 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.” It seeks a holistic approach that expands upon traditional financial metrics and includes material environmental and social matters.