THE CHALLENGE OF INTEGRATED REPORTING IN THE DUTCH OIL AND GAS INDUSTRY
Abstract
Integrated reporting (IR) is the process of communicating sustainable value creation,
internal dynamics of an organization’s strategy, governance, performance and prospects in a
more cohesive and efficient approach than traditional financial reporting. It aims to ensure that
an organization’s short-, medium- and long-term future value is expressed by considering its
sustainability impacts, targets and expectations and linking them with financial results.
However, most organizations still uncertain about what to report and have doubts whether IR
is relevant for them. In this research, the conceptual framework of IR, the development of IR
in the Netherlands and the challenges of IR implementation will be given. This research paper
focuses on the oil and gas industry, which is very important to the world’s economy and at the
same time has significant impacts on the environment. This paper also follows a qualitative
research approach and aims to thoroughly analyze which IR aspects are valued the most
important in the Dutch oil and gas industry. Findings from this research aim to provide insights
to students and researchers in economic field about IR practice and the challenges in
implementing it. Towards the end, the author tried to list IR aspects that can be considered
important in establishing integrated report by early IR adopters in the industry.
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