Abstract
Integrated reporting (IR) belongs to one of the most dynamically developing themes in the literature on CSR and sustainability management. It is perceived as an essential move forward from the traditional short-term reporting focused on financial performance towards a long-term, future-oriented holistic disclosure framework. Integrated reporting offers also a material and relevant information on company strategy and operation providing data on how their balance financial and sustainability goals. Delivering a complete picture of company financial results as well as its impact on society and environment integrated reporting gives the opportunity to make business decision and evaluate firm performance on the case of a number of various criteria.
In this chapter we address the practice of integrated reporting. We offer the case study analysis of five Polish listed companies who are the only firms quoted on the Warsaw Stock Exchange to currently adopt integrated reporting approach in their disclosure policy. We identify their organizational and sectorial characteristics, disclosure dynamics and evolution as well as the practice of integrated reporting. More specifically, using the IIRC framework we analyze the size, the scope, standards and the quality of non-financial information provided by our sample companies. Our goal is to identify challenges and success factors of integrated reporting process.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
- 2.
- 3.
Based on http://kghm.com/en
- 4.
- 5.
- 6.
- 7.
Based on http://www.orlen.pl/
- 8.
Based on http://grupaazoty.com/
- 9.
References
Adams, C. A. (2015). The international integrated reporting council: A call to action. Critical Perspectives on Accounting, 27, 23–28.
Adams, S., & Simnett, R. (2011). Integrated reporting: An opportunity for Australia’s not-for-profit sector. Australian Accounting Review, 21(3), 292–301.
Ballou, B., Heitger, D., & Landes, C. (2006). The future of corporate sustainability reporting: A rapidly growing assurance opportunity. Journal of Accountancy, 22(3), 65–74.
Ballou, B., Casey, R., Grenier, J. H., & Heitger, D. L. (2012). Exploring the strategic integration of sustainability initiatives: Opportunities for accounting research. Accounting Horizons, 26(2), 265–288.
Beattie, V., & Smith, S. J. (2013). Value creation and business models: Refocusing the intellectual capital debate. The British Accounting Review, 45(4), 243–254.
Brown, J., & Dillard, J. (2014). Integrated reporting: On the need for broadening out and opening up. Accounting, Auditing & Accountability Journal, 27(7), 1120–1156.
Caron, M., & Turcotte, M. (2009). Path dependence and path creation: Framing the non-financial information market for a sustainable trajectory. Accounting Auditing and Accountability Journal, 22(2), 272–297.
Clayton, A. F., Rogerson, J. M., & Rampedi, I. (2015). Integrated reporting vs. sustainability reporting for corporate responsibility in South Africa. Bulletin of Geography Socio-economic Series, 29, 7–17.
Demartini, P., & Paolini, P. (2013). Managing sustainability through the IC practice lens. Conference paper, International Forum on Knowledge Asset Dynamics, 12-14.07.2013, Zagreb, Croatia.
Dragu, I.-M., & Tiron-Tudor, A. (2013). The integrated reporting initiative from an institutional perspective: Emergent factors. Procedia - Social and Behavioral Sciences, 92, 275–279.
Dragu, I.-M., & Tiron-Tudor, A. (2014). Research agenda on integrated reporting: New emergent theory and practice. Procedia Economics and Finance, 15, 221–227.
Eccles, R., & Krzus, M. (2010). One report: Integrated reporting for a sustainable strategy. Hoboken, NJ: Wiley.
Eccles, R. G., Ioannou, I., & Serafeim, G. (2011). The impact of corporate sustainability on organizational processes and performance (Working paper). Harvard University.
Flower, J. (2015). The international integrated reporting council: A story of failure. Critical Perspectives on Accounting, 27, 1–17.
Freeman, R. E. (1999). Divergent stakeholder theory. The Academy of Management Review, 24(2), 233–236.
Frias-Aceituno, J. V., Rodriguez-Ariza, L., & Garcia-Sanchez, I. M. (2014). Explanatory factors of integrated sustainability and financial reporting. Business Strategy and the Environment, 23, 56–72.
Geels, F. (2011). The multi-level perspective on sustainability transitions: Responses to seven criticisms. Environmental Innovation and Societal Transitions, 1, 24–40.
Grupa Azoty. (2013). Raport zintegrowany 2013 [Integrated report 2013]. Retrieved from http://grupaazoty.com/doc/6f144b08/raport_grupa_azoty_za_2013_pl.pdf
Grupa Azoty. (2014). Grupa Azoty Integrated Report 2014. Accessed May 5, 2017, from http://bit.ly/2qSb4kG
Grupa Azoty. (2015). Grupa Azoty Integrated Report 2015. Accessed May 5, 2017, from http://bit.ly/2qRYbrz
Higgins, C., Stubbs, W., & Love, T. (2014). Walking the talk(s): Organisational narratives of integrated reporting. Accounting Auditing & Accountability Journal, 27(7), 1090–1119.
IIRC. (2013). The international <IR> framework. London: International Integrated Reporting Council.
IIRC. (2014). Assurance on <IR>: An exploration of issues. London: International Integrated Reporting Council.
IIRC, Black Sun. (2015). The integrated reporting journey: The inside story. London: IIRC, Black Sun.
KGHM. (2014). Integrated Report – KGHM Polska Miedź.SA.2014. Accessed May 5, 2017, from http://bit.ly/2pmPqE0
KGHM. (2015). KGHM – Integrated Report – KGHM Polska Miedź.SA.2015. Accessed May 5, 2017, from http://bit.ly/2pmPqE0
Lodhia, S. (2015). Exploring the transition to integrated reporting through a practice lens: An Australian customer owned bank perspective. Journal of Business Ethics, 129(3), 585–598.
LOTOS. (2014). Raport zintegrowany 2014 [Integrated report 2014]. Retrieved from http://2014.raportroczny.lotos.pl/en
LOTOS. (2015a). LOTOS Integrated Annual Report 2014. Accessed May 5, 2017, from http://raportroczny.lotos.pl/en/downloads
LOTOS. (2015b). LOTOS Integrated Report 2015. Accessed May 5, 2017, from http://raportroczny.lotos.pl/en/downloads
ORLEN. (2015). ORLEN Group 2015 Integrated Report. Accessed May 5, 2017, from http://raportzintegrowany2015.orlen.pl/en/
Perrini, F., Pogutz, S., & Tencani, A. (2006). Developing corporate social responsibility: A European perspective. Cheltenham: Edward Elgar Publishing.
Porter, M. E., & Kramer, M. R. (2011, January-February). Creating shared value. Harvard Business Review, 89, 62–77.
Stubbs, W., & Higgins, C. (2014). Integrated reporting and internal mechanisms of change. Accounting Auditing & Accountability Journal, 27(7), 1068–1089.
TAURON. (2015). 2015 Integrated Reporting. Accessed May 9, 2017, from http://raport2015.tauron.pl/
Thorne, L., Mahoney, L., & Manetti, G. (2014). Motivations for issuing standalone CSR reports: A survey of Canadian firms. Accounting Auditing & Accountability Journal, 27(4), 686–714.
Villiers, C., Rinaldi, L., & Unerman, J. (2014). Integrated reporting: Insights, gaps and an agenda for future research. Accounting, Auditing & Accountability Journal, 27(7), 1042–1067.
Zicari, A. (2014). Can one report be reached? The challenge of integrating different perspectives on corporate performance. In R. Tench, W. Sun, & B. Jones (Eds.), Communicating corporate social responsibility: Perspectives and practice [Critical Studies on Corporate Responsibility, Governance and Sustainability, Vol. 6] (pp. 201–216). Bingley: Emerald Group Publishing.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2019 Springer Nature Switzerland AG
About this chapter
Cite this chapter
Aluchna, M., Roszkowska-Menkes, M. (2019). Early Adopters of Integrated Reporting: The Practical Evidence from Warsaw Stock Exchange Companies. In: Idowu, S.O., Del Baldo, M. (eds) Integrated Reporting. CSR, Sustainability, Ethics & Governance. Springer, Cham. https://doi.org/10.1007/978-3-030-01719-4_16
Download citation
DOI: https://doi.org/10.1007/978-3-030-01719-4_16
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-01718-7
Online ISBN: 978-3-030-01719-4
eBook Packages: Business and ManagementBusiness and Management (R0)