IRI in South East Asia - The Islamic Reporting Initiative (IRI)

The Islamic Reporting Initiative (IRI) is making progress in South East Asia, with partner DQS speaking about the IRI at the DQS Sustainability Dinner 2016, which took place on April 11 at the Mandarin Oriental Hotel in Kuala Lumpur.

Dr Sied Sadek, Managing Director of the firm, a leading certification and audit company with offices in 66 countries, specialized in sustainability, social responsibility, energy management and quality management, is one of the IRI’s earliest partners. Holding a lecture on sustainability reporting and third-party assurance at the event, Sadek explored the different frameworks for reporting that are available today. He highlighted the IRI as an opportunity for the Islamic world to develop and establish ‘a reporting framework that does justice to the culture’s values’.

“The IRI framework manages to connect international expectations with local culture, and I see this as a great opportunity for Islamic countries and organizations to report on their commitment to certain values and principles. In many ways, I think this could correct the asymmetry of reporting we see today” he said, speaking about the IRI in an interview for UNIDO’s magazine ‘Making It’.

Also, the IRI welcomes its latest APAC member Sime Darby Berhad, a Malaysia-based diversified multinational with operations in 26 countries and a total workforce of more than 130,000 employees.

Dr Renard Siew, Head of Global Group Sustainability, World Economic Forum Global Shaper and Project Inspire Country Ambassador, said:

“With much experience in financial and sustainability reporting, I have become aware of the increasing demand from stakeholders for results that are relevant and actionable. The unique potential of the Islamic Reporting Initiative to respond to this demand is vast. Culturally-responsive and impact-oriented, the ground-breaking initiative will accelerate progress towards economic, social and environmental prosperity in more than 50 Islamic countries”.

Later this year, the IRI will speak at the 2016 Trade and Economic Forum, held in Kuala Lumpur, organized by the Organisation for Islamic Cooperation (OIC). This two day conference will bring together leading financial, trade and economic experts from all OIC member countries with a view towards supporting intra-trade among the countries.

The IRI has been commended by the OIC, the United Nations Global Compact Foundation and members in more than 40 countries. To be a partner of the IRI, please email info [at] islamicreporting.org.

IRI-in-Malaysia — Dr Sied Sadek highlighted the IRI as an opportunity for the Islamic world to develop and establish ‘a reporting framework that does justice to the culture’s values’

Why we need the Islamic Reporting Initiative – United Nations Industrial Development Organization features IRI in “Making it”

International standards often use a vocabulary that is not attuned to local mindsets and modes of thinking and living. That does not make them any less relevant, but it does mean that it is particularly challenging for Islamic organizations to fully embrace these standards without losing sight...