Study On Integrated Reporting Practice In CLP Holdings: Effect And Enlightenment

Corporate's report as a window of public understanding of the enterprise,it capable of passing the information about company value and development prospects and other important information to the outside.In order to overcome the limitations of only including financial information in traditional financial reporting,most companies began to individually disclose social responsibility reports or sustainability reports in addition to financial reporting.However,due to the independence of the each report and the lack of uniform standards,the information connectivity was weak and the quality of the reported content was uneven,comparability is not strong and so on.Based on this,under the efforts of the International Integrated Reporting Council and other organizations,integrated report has gradually entered the public's vision as a report on the effective integration of corporate financial and non-financial information,which can reflect the sustainable development of the company to the maximum extent.This paper mainly adopts the research method of case analysis and comparative analysis.Firstly,it starts from the theory of sustainable development and expounds the theoretical basis of adopting integrated report of the enterprise.After that,the article explored the practice of foreign comprehensive reporting and found that the enterprises' implementation of the integrated report over the world in the regional and industry distribution is broader,and the international community and the organization are optimistic about it.The integrated report also aroused the concern of relevant departments and professional organizations in our country.The article also analyzes the feasibility of Chinese enterprises using the integrated report.Then,this paper chooses the only integrated report pilot enterprise in Hong Kong as a case study,analyzes the motivations of its choice to disclose the integrated report,and studies from the four aspects of the report preparation standard,the content of the structure,the disclosure way and the report examination,summarized the characteristics of integrated report of CLP Holdings.In the analysis of the effect,the article combined with the motives of the CLP holding adopted the integrated report to explain the impact of the integrated report on CLP Holdings,the results show that the CLP Holdings integrated reporting improving the company's information integration and corporate reputation.Maintain a stable company value,but also obtained a certain degree of recognition of the market.After the combination of practical and effect analysis,comparison with the outstanding foreign integrated report,found that the integrated report of CLP Holdings is still lack of concise and information connectivity.Finally,according to the corresponding problems,afford suggestions to the CLP Holdings,combined with Chinese actual situation,to clarify the challenges of our enterprises meet in adopt integrated report,and put forward the relevant suggestions: such as enterprises should strengthen information communication and Integration,the use of advanced XBRL reporting technology.The CPA's firm should actively expand new business areas and train technical personnel.The government should increase propaganda and promote enterprise pilot,the relevant regulatory agencies should establish information sharing platform,carry out the effective performance of supervision duties.