Our Objective is a unique values-based approach to assessing organizational behaviour. Anchored in the shared wisdom and experience of Islam and the global Islamic community, the IRI aspires to:
• Drive organizational transparency through common objectives and local content
• Enhance resilience by promoting innovation and learning
• Unify the Islamic world around shared sustainability practices
• Highlight investment opportunities and organizational risks

The IRI aims to accelerate the mainstream implementation of the shared Post-2015 goals as outlined in both the OIC-2025 Plan of Action and the UN Sustainable Development Goals 2030.

Key deliverables of Islamic Reporting Initiative

Disclosure Framework
The practices that frame sustainability are wholly in line with the values and principles that govern Islam, yet organizational social and environmental transparency is relatively low and incoherent. The IRI is the first reporting standard created specifically to enable Islamic organizations to assess and express the values that guide their organizations with sincerity and humility.
Knowledge Centre
Sustainability is no more than the capacity to endure. Understanding resilience in context of Islamic values, made more challenging by the speed of markets today requires information and guidance. The IRI is a repository of organizational sustainability data and a consulting resource, designed to build education and innovation capacity for executives of Islamic organizations, both directly and indirectly.
Collaborative Forum
The values and principles that guide Islam extend around the world, but there exists little opportunity for dispersed Islamic organizations to connect and cooperate in collective unison. A focus for sustainability, the IRI provides Islamic organizations the ability to share best practices in addressing both opportunities and risks as well as participate in collective advocacy.
Financial Platform
The relationship between value and values has become increasingly apparent to financial markets, compelling greater values-based transparency, particularly amongst values-driven societies such as those of Islam. The IRI can enable and support the development of Islamic indices, investment strategies, ETFs and funds that drive investment capital to companies that exhibit social responsibility and sustainability.

Click here to download IRI Reporting Standard document  2017

Importance of local values and local content
The importance of local values and their contribution towards informing international standards has often been omitted by existing CSR and sustainability reporting tools – that is, untill now.

The Islamic Reporting Initiative (IRI), is the first integrated CSR Sustainability Reporting Standard providing framework built on Islamic principles, aspires to embrace the compatibility of culture in achieving the ambitions of CSR.

IRI is the first organization intent on leveraging the interconnectedness of Islamic values and principles to advance sustainability leadership globally.

Delivering culturally relevant support in the measurement and advancement of organizational Sustainability, CSR and philanthropy; respecting the environment and life in all its diversity, affirming faith in the inherent dignity of all human beings and in the intellectual, ethical, and spiritual potential of humanity.

Business benefits of Sustainability & Corporate Social Responsibility (CSR):

  • Increasing efficiencies and cost saving
  • Minimizing risks, staying ahead of changing legislation
  • Attracting and retaining high-quality talent, increasing productivity
  • Creating a reliable framework for innovation, entering new markets
  • Enhancing reputation and trust
  • Earning respect for contributing towards a healthy and prosperous society
  • Fostering the benefits of good governance, transparency, and ethical business
  • Measuring the impact of sustainability & CSR gives management valuable insight on performance

Creating an international business tool to support organizations in reporting and building meaningful Sustainability, CSR and philanthropy programs relevant to the regions and cultures which they serve, accepting that the right to own, manage, and use natural resources comes with the duty to prevent environmental harm and to protect the rights of people.

Promoting the use of triple bottom line reporting: Equity, Economy and Environment as a mechanism for business development and growth aligned with Islamic principles, beliefs, and values, to further promote equality to conduct business with honesty, integrity and courtesy, to contribute to the well-being of communities and share the rewards and responsibilities of functioning with the respective workforce.

Providing metrics and methods to measure and report on projects which support health provision and promotion, invest in society, engage youth, empower the workforce, minimize wastage or resources and develop skills and knowledge transfer.

IRI Sustainability Reporting Standard built on Islamic principles and values
IRI Sustainability Reporting Standard built on Islamic principles and values

Strengthening cooperation between countries

Strengthening cooperation between countries through business partnerships in CSR to develop a green and sustainable economy, society and environment, globally.

Islamic principles serve to imbue individuals and organizations with a responsibility to care for society. As such, it is widely recognized that companies operating according to Islamic principles tend to embrace an organizational culture that is premised on notions of trust, morality, and accountability. This serves to ground Corporate Social Responsibility (CSR) as a moral initiative, based on the understanding that organizations aspire to be ‘good’. It is these cultural nuances that influence an organization’s conduct, that directly and indirectly inform the shape of a CSR strategy.

The IRI aspires for organizations to not only spend profits responsibly, but to also create profits responsibly. As such, the IRI recognizes this intrinsic relationship between philanthropy and CSR and understands philanthropy to be a key pillar of CSR.

The IRI aspires for organizations to not only spend profits responsibly, but to also create profits responsibly. As such, the IRI recognizes this intrinsic relationship between philanthropy and CSR and understands philanthropy to be a key pillar of CSR.

Founded in 2015 IRI has been commended by OIC (Organisation of Islamic Cooperation) and UNGC (United Nations Global Compact) Foundation.

Strengthening cooperation between countries Providing metrics and methods to measure and report Promoting the use of triple bottom line reporting Creating an international business tool Delivering culturally relevant support

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page: Sustainability Reporting Standard