What is it about?
In the last two decades, risk reporting has followed a normative and calculative culture rather than the “materiality” of data. Although integrated reporting (IR) has become flooded with extra information, it does not adequately disseminate material information to stakeholders. In addition, the poor tone from the top diminishes creativity. This study aims to investigate how companies creatively address issues of the materiality of risk information in IR and how IR can be aligned with enterprise risk management.
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Why is it important?
In this research, we wanted to understand how some organizations are rethinking the way they report risks—not as a checklist, but as a story of strategic value. We found that a few early adopters are using creativity to make integrated reporting more meaningful and connected to real business decisions. Their approach shows that when leaders set the right tone and use innovation wisely, risk reporting can become a powerful tool for transparency and trust—not just compliance.
Perspectives
From my interactions with risk leaders, I’ve realized that creativity in integrated reporting isn’t just a compliance exercise—it’s about genuinely connecting the dots between risk, strategy, and stakeholder needs. Early adopters teach us that even within rigid frameworks, there is room to innovate meaningfully, and that mindset can redefine how organizations communicate value.
Dr Ruchi Agarwal
Management Development Institute
Read the Original
This page is a summary of: Early adopters of institutional creativity in integrated reporting, Review of Accounting and Finance, November 2023, Emerald,
DOI: 10.1108/raf-07-2023-0209.
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