21 January 2020

IIRC: New integrated thinking model underpins leaders’ vision for a more sustainable world

The IIRC presents a new model for integrated thinking at the World Economic Forum. This model encourages long term, sustainable decision-making, enabling businesses to play their roles as stakeholders of a sustainable world.

The report, ‘Integrated Thinking & Strategy: State of Play Report’ has been developed by a group of over 50 organizations globally including, BASF, HSBC, Solvay, Standard Bank and ING.

Integrated thinking is a multi-capital management approach that enables organizations to deliver their purpose to the benefit of their key stakeholders over time. It is about creating and preserving value and enabling better decision-making based on interconnected, multi-capital information.

The report outlines some of the challenges businesses face in driving effective integrated thinking, case studies of how they are meeting these challenges and shares new ideas for how to drive innovation even further.

Commenting on the publication, Tjeerd Krumpelman, ABN AMRO’s Head of Advisory, Reporting & Engagement said:

“Our goal is to enable more organizations to start practicing integrated thinking so they can optimize their ability to create value over the long term.

“To manage a business effectively, information and data from across the organization needs to be understood on interconnected basis. Management and boards must understand the trade-offs that are made every day across the resources and relationships they draw on to create value in the short, medium and long term. As the World Economic Forum Global Risks Report 2020 indicates, the long term risks facing businesses are for the first time all environmental. Businesses must adapt to these risks and understand how they interplay with their financial, human and intellectual capitals.

Full press release on IIRC

Full report on IIRC

© IIRC