The International Integrated Reporting Council (IIRC)—a global coalition of regulators, investors, companies, standard setters, accounting professionals, and non-governmental organizations—has issued for comment its “Consultation Draft of the International Integrated Reporting Framework.” According to IIRC, integrated reporting is “a process that results in communication by an organization, most visibly a periodic integrated report, about value creation over time.” The process apparently calls for a principles-based approach and seeks to account for intangible factors, such as environmental resources, in corporate reporting. The draft identifies six “capitals” that an organization might “use or affect.” These include financial, manufactured, intellectual, human, social and relationship, and natural “capitals.” IIRC will accept comments on the draft framework until July 15, 2013.