using the different system orientated theories to explain the increased use of Integrated Reporting by listed companies globally.

Listed companies increase use of integrated reporting, says IIRC The International Integrated Reporting Council (IIRC) has published its annual integrated report, stressing that there is increased use of integrated reports detailing non-financial information According to global research from EY, carried out for IIRC, 95% of respondents say integrated reports are either 'essential' or 'very useful', a substantial increase from 57% in the same study a year previously. The IIRC singled out a number of countries as leading the way in the adoption of integrated reporting. They include the UK, where 35% of a sample of premium listed companies are 'clearly considering the capitals in their business models'. In France, 58% of the top 40 French listed companies (CAC 40) produced integrated reports, while in Australia, 48% of the 200 largest listed companies are leveraging at least some of the principles of integrated reporting. The IIRC also points to Brazil, where there are now 700 participants in the Brazil integrated reporting network, and South Africa where 372 companies listed on the Johannesburg Stock Exchange are all required to produce an integrated report. In Japan, there were 342 self-declared integrated reports in 2017, while 100 listed companies in Malaysia prepared integrated reports in 2018.