The Framework Construct Of Enterprise Integrated Reporting Based On Sustainable Development

Enterprise reporting is the important supporter that the enterprise internally reflecting their own development problem, and is the important form for enterprise externally disclosed the value creation process and information, and also is the important foundation that the economic decisions for stakeholders. The development and change of enterpriser reporting modes was regarded as a kind of “social movement”, which is a problem that the whole society concern.In knowledge economy era, the sustainable development acquired wide concern from the state, enterprises and social. Enterprises not only need to maximize the economic benefit, but also to maximize the environmental and social benefit.Financial reporting and no-financial reporting are difficult to reflect the enterprise’ performance, and there exist the problem that the information redundancy, and the compilation cost too high. Integrated reporting realized the organic combination of both. It reflects the intrinsic value and long-term development of the enterprise in a more comprehensive and more macro perspective.In this paper, we comprehensive apply the related knowledge and theory of Management and Economics to analyze the problems that existed in the current enterprise reporting and analyze its improved reason. Further, we construct the framework system of the enterprise integrated reporting based on the sustainable development. Finally, we propose the choose routes that the Chinese enterprise to carry out integrated reporting.Firstly, we comb the theoretical foundation and the pertinent literature that related to in this paper. The theoretical foundation mainly includes sustainable development theory, and stakeholder theory and triple bottom line theory. The related literature includes financial reporting and integrated reporting. The research of this part will provide a good basis.Secondly, we analyze the transition factors that the current reporting modified to integrated reporting. We found there are two reasons to propose the current report modified to integrated reporting. The internal transition factors include intensive of the sustainable development, enhance of stakeholder demands for information, and standard of non-financial information measurement and report. The external transitions factors include permeate of sustainable development, and change from “Property” to “human rights”, and form of enterprise reputation mechanism.Thirdly, we propose the blueprint of the integrated reporting framework based on sustainable development. We put forward the establishment principles and ideas for integrated reporting. Then, we study the content and elements that reflected in integrated reporting, and construct the index system of integrated reporting on performance by using analytic hierarchy process(AHP). Furthermore, we put forward some suggestions for the audit verification of the integrated reporting.Finally, we analyze the route choice on the implementation of enterprise integrated reporting.We put forward measures for promoting the development of the enterprise integrated reporting implementation and policy recommendations in the perspective of the government, enterprises, and civil society and the news media and other stakeholders.