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VALUE CREATION - Integrated Reporting

1 VALUE CREATIONBACKGROUND PAPER FOR <IR>2 The Technical Task Force of the International Integrated Reporting Council (IIRC) established a Technical Collaboration Group (TCG) to prepare this Background Paper for <IR>. The TCG was coordinated by the lead organizations with input from participants from a range of disciplines and countries. This paper reflects the collective views of TCG participants, not necessarily those of their organizations or the IIRC. The IIRC considered interim findings from the TCG when preparing the Prototype Framework released in November 2012, and considered aspects of this paper in developing its Consultation Draft of the International Integrated Reporting (<IR>) Framework.

1. Value creation takes place within a context 9 Value is created by organizations from a wide range of interactions, activities, relationships, causes and effects5. Those interactions take place in the market, regulatory, societal and natural/environmental context within which the organization operates and on which it depends.

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