Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE ( © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 21 September 2021

Abstract and Keywords

The global business system has had deep and problematic impacts on humankind through its focus on maximizing the short-term return on financial capital. The most severe impacts are human-induced climate change, biodiversity loss and grotesque inequality between the rich and poor. A group of companies and investors have co-created a broader model, called integrated reporting, that explores how companies create and destroy value for multiple stakeholders in the short, medium and long term. It provides a better understanding of how corporations use the other capitals, such as natural, human and social capitals, in their working. The underlying structural issues affecting the global business system—such as shareholder primacy and the responsibility of business to its stakeholders—mean that changes in reporting need to be backed up by substantive change elsewhere in the system. This article considers case studies and the development of multi-capital thinking.

Keywords: multi-capital accounting, integrated reporting, environmental footprint, shareholder primacy environmental profit-and-loss accounting, multiple capitals, value creation, supply chains, corporate reporting

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.