The movement to integrated reporting has seen substantial development, but widespread regulatory intervention has yet to materialize. The forthcoming book, The Integrated Reporting Movement, by Robert Eccles, Michael Krzus, and Sydney Ribot, explains how companies can ensure their own long-term viability by contributing to a sustainable society.

The authors provide guidance to promote wider adoption of the practice and success of the movement, starting with how companies can improve their own reporting processes. Readers learn how integrated reporting has evolved over the years, where frameworks and standards are today, and effective implementation practices—including information technology’s role in the process.

Workiva presents the second in a series of three excerpts from the book. In this release, from the fifth and sixth chapters, the authors focus on the central but elusive concept of materiality. As a construct, it is always entity-specific and based on judgement—yet it's a critical component in financial, sustainability, and integrated reporting.

The authors provide two strategies for developing and managing issues of materiality. The first is an annual "Statement of Significant Audiences and Materiality" to be produced by the board. The second is the "Sustainable Value Matrix" that links materiality to resource allocation, stakeholder engagement, innovation, and reporting.

Click here to request this excerpt from The Integrated Reporting Movement.

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Workiva

Workiva Inc. (NYSE:WK) is on a mission to power transparent reporting for a better world. We build and deliver the world’s leading regulatory, financial and ESG reporting solutions to meet stakeholder demands for action, transparency, and disclosure of financial and non-financial data. Our cloud-based platform simplifies the most complex reporting and disclosure challenges by streamlining processes, connecting data and teams, and ensuring consistency. Learn more at workiva.com.

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