Internal application of IR principles: Generali's Internal Integrated Reporting. (15th December 2016)

• Record Type: Journal Article
• Authors: Mio, Chiara; Marco, Fasan; Pauluzzo, Rubens
• Is Part Of: Journal of cleaner production. Volume 139(2016:Dec. 15)
• Page Start: 204
• Page End: 218
• Publication Date: 2016-12-15
• Subjects: Integrated reporting -- Internal Integrated Reporting -- Management control systems; Factory and trade waste -- Management -- Periodicals; Manufactures -- Environmental aspects -- Periodicals; Déchets industriels -- Gestion -- Périodiques; Usines -- Aspect de l'environnement -- Périodiques; 628.5
• DOI: 10.1016/j.jclepro.2016.07.149
• Languages: English
• ISSNs: 0959-6526

Abstract

Abstract: This study analyses the case of Generali, an Italian insurance company that implemented Integrated Reporting (IR) principles internally, creating an Internal Integrated Report (IIR). More specifically, it studies whether and how the internal implementation of Integrated Reporting principles can advance management control systems (MCS). By merging management control systems and integrated reporting literature, we identified several mechanisms that could potentially lead to an evolution of management control systems. The case study analysis of the Generali Internal Integrated Reporting allowed us to compare the hypothetical benefits derived from the literature with actual benefits derived from the Generali case. This work contributes to both management control systems and Integrated Reporting literature. We believe that cross-fertilization between different streams of literature has been particularly successful in this case, as Integrated Reporting is not only about external reporting but it is rather about how firm complexity can be managed more generally. Highlights: We investigate whether and how Integrated Reporting principles can be applied internally. We analyse the case of Generali, pioneer in bringing to life the Integrated Reporting internally. Our work contributes to both MCS and IR literature.