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Integrated Reporting

September 28, 2015 by
Filed under: General, Integrated reporting

It's an interesting term: integrated reporting. A report is supposed to provide a comprehensive view on a situation. If a general asks for a report on a war zone, he doesn't want to hear all the details, but he does want to hear about all the hot spots and next moves. Similarly, if you are asking your contractor for a debrief about how things are going on the renovation you're doing, you want to hear about everything, including progress, any leakage, any roadblocks, any decisions to make, any unforeseen risks, not just the costs.

It's interesting to note that corporate reporting has so far been focusing on financial reporting. It has taken a long while to realize companies are a lot more than mere numbers; it's about opportunity and risks; it's about reputation and ethics, and more. For that, we now have Integrated Reporting, finally. BWise is glad to be part of it.

I think in a couple of years we can drop the word 'integrated' in "integrated reporting," because of course you're reporting in an integrated fashion: why would you leave things out. The term Integrated Reporting is redundant in my view, but it's good to give it the attention it deserves. Although, I'd rather call the traditional way of reporting Partial Reporting.

Tags: Integrated reporting

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