A movement is taking shape that could redraw the line between financial reporting and environmental, social, and governance reporting—or more accurately, it could erase the line entirely.
The idea, integrated reporting, is to mesh financial and social responsibility reports into one document. In theory, the single report would force companies to put more financial rigor into corporate social responsibility (CSR) reporting and help investors view financial data in context of certain risks, such as environmental ones. Proponents say the reports also have the potential to help companies reevaluate their long-term strategies, and could lead to an overhaul of both internal and external reporting.
