Author(s): Akansha Arora and Tanushree Sharma
Purpose: The purpose of the study of the study is to contribute in linking the business strategy with the sustainability strategy through Integrated Reporting. In order to increase stakeholder trust, the study examines how integrated reporting acts as a channel for identifying gaps and communicating strategy. Design/ Methodology/Approach: The current study is supported by secondary sources, including journals, books, websites, and integrated business reports. Because IR practices are not mandated in India, Indian companies were chosen using the convenience sample method. As a result, all Indian corporations do not record or disclose information under the Integrated Reporting framework. The data is analyzed using the content analytical method, which is the most often utilized method in accounting research. The study also explores into IIRC's six capital categories, which are the foundation of an organization's value production. The most prevalent capitals reported by the entity are financial and manufacturing capitals. But Integrated Reporting takes a broader view by also considering Financial, Manufactured, Intellectual, Human, Social & Relationship and Natural Capital. Findings: The result of the study indicates that Integrated Reporting is a tool for enterprises to gain a competitive edge, but that it will take a major regulatory structure to encourage IR in India. By strengthening the qualitative and information under a more holistic, concise, and efficient corporate reporting method, IR might satisfy the expectations of stakeholders. Research Limitations and Implications: There is no defined structure for Integrated Reporting disclosure practices helping business to take more sustainable decisions and enable investors and other stakeholders to understand how an organization is truly performing. Originality: As a new advancement in reporting, Integrated Reporting meets all multidimensional information needs for diverse company stakeholders to make their own decisions on various aspects of the firm. Several standards and guidelines exist in India to promote IR. Since they aid in the international harmonization of integrated reporting techniques, the IIRC recommendations stand out among standards and guidelines.