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03 April 2013

ACCA(英国勅許公認会計士協会):統合報告における資本の利用についてバックグラウンド・ペーパーを公表


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The current and future applications of capitals in integrated reporting are explained in a new report prepared for the IIRC by a group led by ACCA and the NBA.


The Background Paper for integrated reporting explores the multiple capitals that are recognised as a fundamental concept for integrated reporting. The IIRC has identified capitals as financial capital, manufactured capital, intellectual capital, human capital, social and relationship capital, and natural capital. 

When reported together, these capitals represent an important picture of an organisation’s value creation. All organisations depend on various forms of capital for their success, including ones they do not own, and the different capitals should be part of the organisation’s business model and strategy. 

The Paper is being issued ahead of the IIRC’s global consultation about the future of integrated reporting, due to be published on the 16 April 2013. The report provides a sound basis for the role of capitals in the integrated reporting framework, suggests new proposals for improving the categorisation and descriptions of capitals adopted by the IIRC and provides more background to what may be unfamiliar concepts to help in their practical application.

Rachel Jackson, head of sustainability at ACCA and a member of the steering group for this Paper, says: "Although companies depend on the six capitals to different extents, collectively these capitals affect the long term survival of any company and influence its value creation. Reporting on them is therefore a crucial element in future corporate reporting and will be necessary to meet stakeholders' expectations."

Dr Andrea Coulson, from the University of Strathclyde, Chair of ACCA’s Global Forum on Sustainability and a member of the project team adds: "Exploring the concept of multiple capitals; their definition, relationships and maintenance is critical to an inclusive debate on developments in integrated reporting".

Dr Carol Adams, Director at Integrated Horizons, and also a member of the project team, says: 'CFOs and Boards have tended to privilege information which can be quantified, focus on the short term and ignore the impact that value creation and depletion of some of the capitals can have on long term business success. All that must change for organisations that want to be around in the long term.'

The report concludes that there is a need to place capitals in a strategic context, which is a prime need for investors who make their investment decisions based on material about a company available to them. 

Richard Martin, head of corporate reporting at ACCA concludes: 'The key point about integrated reporting is to communicate value, giving a broader explanation of performance than traditional reporting, and identifying and reporting on capitals, either via metrics or being part of the narrative.'

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© ACCA - Association of Chartered Certified Accountants


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