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Proposed Financial Reporting Method Includes Value Of Sustainability

November 15, 2012: 12:00 AM EST
More than 80 companies, including Clorox, Microsoft, and Coca-Cola, are evaluating the use of an integrated financial reporting framework that merges measurable financial results with sustainability, social, and regulatory factors. Overseen by the International Integrated Reporting Council, the pilot program aims to measure how sustainable a company’s operations are by considering the costs and benefits of its environmental strategies. Under the framework, companies must report all material information, including its sustainability goals and metrics. The IIRC believes integrated reporting, such as the pilot program, can help investors determine a company’s ability to generate cash flows.
Kathleen Hoffelder, "The Value of Sustainability", CFO Magazine, November 15, 2012, © CFO Publishing LLC
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