Our Mission is to enable organizations throughout the world to examine the values that guide their activities and express with clarity and simplicity their contribution to social and environmental sustainability.
Our Vision is a sustainable global economy that contributes actively to society and the environment by integrating the values of peace, compassion, tolerance, social justice, environmental stewardship and human dignity into corporate culture.
An international, cross-denominational organization
Islamic principles serve to imbue individuals and organizations with a responsibility to care for society, its inhabitants and the environment. These principles are inculcated into society through teaching and practices to form perspectives. As a result, it is widely recognized that organizations and companies operating according to Islamic principles tend to embrace an organizational culture premised on the notions of trust, morality and accountability. These cultural nuances influence and shape an organization’s conduct, and subsequently sculpt a development path that is intrinsically sustainable and compatible with CSR.
The intent of the IRI is purely to enable companies to become more transparent with respect to their values and principles, providing stakeholders – from employees to customers to the supply chain as well as society at large – with a better understanding of their social and economic contributions.
Some may point to potential difficulties in how the values and principles are interpreted across Islam, but the IRI is a cross-denominational organization that represents the whole of the House of Islam, in adherence with the Amman Message that recognises all eight schools of Islamic jurisprudence.
Our objectives are to provide guidance that pertains exclusively to business and finance under the values and principles of Islam according to the Shariah. We are confident that our Advisory Council that is represented by all schools of Islam can very quickly achieve consensus on any questions or issues regarding business and finance.
Implementation of OIC-2025 Plan of Action and the UN Sustainable Development Goals 2030
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.In order to accomplish our mission, the IRI aims to provide a range of business tools, guidelines and standards 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. Specifically, the IRI aims to:
– Drive organizational transparency through common conviction
– Enhance resilience by promoting innovation and learning
– Unify the Islamic world around shared sustainability practices
– Highlight investment opportunities and organizational risks
Founded in 2015, the not-for-profit Islamic Reporting Initiative is creating the world’s first mainstream reporting framework for Corporate Social Responsibility (CSR) based on Islamic principles and values. Surpassing the status quo of existing reporting mechanisms and leveraging the potential of a business tool that is SMART, integrated, culturally-responsive and impact-oriented, the IRI’s vision is for business:
- to prosper through sustainable and responsible practice
- to be agents of positive change
- to create stable, flourishing and interconnected environments
- to meet and exceed the highest international standards of CSR and sustainability
Commended by the Organisation of Islamic Cooperation (OIC), the IRI’s mission is to enable organizations throughout the world to examine the values that guide their activities and express with clarity and simplicity their contribution to sustainability in society and the environment:
“The OIC is dedicated to preserving and promoting Islamic values of peace, equality, human dignity, and environmental prosperity. The IRI, in its journey towards making business responsible through the application of CSR and CSR reporting, has many values aligned with our own. The OIC commends the IRI in its efforts in promoting economic, social and environmental prosperity in a manner that is not only impact-oriented and sustainable, but culturally relevant and responsive.”
The IRI aspires its framework to be developed in collaboration with governments, companies, not-for-profit organizations, institutions, scholars and experts from various local, regional and international reporting bodies, organizations and foundations from across the 50+ member states of the OIC.