There is a need to focus not only on the financial aspects but also the other aspects

inside the business. Integrated reporting (IR) is an essential tool in determining the internal and
external factors that affect the company’s overall performance. This tool can assess these
factors and can create opportunities for a competitive advantage against its competitors giving a
more strategic approach in the long run. Unlike other reports, integrated reporting focuses more
on connecting financial, social, governance inputs and performance. They aim for a more
transparent approach by involving employees, stakeholders and organizational members to
discuss how to achieve their goals. In this way, not only does the company reach its objectives,
but it also creates an impact towards business sustainability and the society.

Sources:
 Robertson, Fiona CA 16 September 2015. (2019, October 04). What is Integrated Reporting
and why does it matter? Retrieved September 14, 2020, from
https://www.icas.com/professional-resources/sustainability/practical-tools-and-
links/integrated-reporting/what-is-integrated-reporting-why-it-matters
 Management, T. (2018, October 04). Why Integrated Reporting (IR) is a powerful tool
towards sustainability. Retrieved September 14, 2020, from https://www.triodos-
im.com/articles/2018/integrated-reporting---a-powerful-tool-towards-sustainability