Grant Thornton Bharat recently conducted a survey to understand the adoption, key benefits and challenges associated with integrated reporting, as well as identify global best practices and the way forward for integrated reporting in India. Survey respondents included business and finance leaders of leading corporates from across India. This report captures the survey findings from business leaders in India.
It provides recommendations for greater adoption in India, as well as insights from industry leaders who have successfully adopted IR, underlining growing adoption of the framework among larger companies in India.
Read the latest coverage in CFO Economic Times on 21 January 2021 where Vishesh Chandiok mentions that integrated reporting should not be limited to top 500 firms only.
Integrated reporting in India
- 57% of respondents felt they did not have adequate levels of awareness about IR
- The primary drivers for those who have adopted IR is its reference in corporate governance codes, followed by adoption of Integrated Thinking within their organisations
- 56% of respondents agreed that IR improves transparency and governance, while almost 70% believe it will help enhance stakeholder value