Maroun, W. orcid.org/0000-0001-7448-1220, Ecim, D. and Cerbone, D. (2023) Refining integrated thinking. Sustainability Accounting, Management and Policy Journal, 14 (7). pp. 1-25. ISSN 2040-8021
Abstract
Purpose
Integrated thinking involves a holistic, multi-capital approach to decision-making and operations to promote value creation and sustainability. This paper aims to outline a schematic which can be used to gauge the levels of integrated thinking by organisations.
Design/methodology/approach
The researchers partnered with an independent consulting firm (“Sustain-X”) which has developed a tool for evaluating integrated thinking. A two-stage mixed-method design is used to evaluate the tool. Firstly, in keeping with the exploratory nature of the paper, the tool’s integrated thinking principles and indicators are contrasted with findings from an extensive review of the integrated thinking research and interviews with experts on how integrated thinking is understood and operationalised. Secondly, the tool was applied to a sample of South African listed firms’ integrated reports and used to generate integrated thinking scores. These scores are evaluated by testing the strength of their association with other generally accepted proxies for integrated thinking.
Findings
The principles of the schematic include integrated awareness and understanding; integrated leadership commitment and capability; integrated structures; integrated organisational performance management; and integrated external communication. Empirical results show that the integrated thinking measures generated using the Sustain-X schematic are aligned with integrated report quality scores and ratings of the sophistication of organisations’ accounting, management and governance structures.
Research limitations/implications
A combination of earlier research findings, detailed interviews (conducted independently of Sustain-X) and a battery of quantitative tests have been used to evaluate the schematic, but more refined testing using additional case studies or ethnographies has been deferred.
Practical implications
The tool offers a practical means for stakeholders to evaluate integrated thinking. It is flexible enough to be used with data collected during private engagements with companies or only publicly available information.
Social implications
The schematic is one of the first to outline the dimensions of integrated thinking and should be useful for academics and practitioners concerned with the development and application of integrated thinking.
Originality/value
This paper adds to the literature on integrated thinking and answers the call for further research to evaluate integrated thinking practices.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2022, Warren Maroun, Dusan Ecim and Dannielle Cerbone. This is an open access article under the terms of the Creative Commons Attribution License (CC-BY 4.0), which permits unrestricted use, distribution and reproduction in any medium, provided the original work is properly cited. |
Keywords: | Integrated thinking, Integrated reporting, Sustainability, Report quality, IIRC, Multi-capital |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Accounting & Finance Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 08 Feb 2024 16:28 |
Last Modified: | 08 Feb 2024 16:28 |
Status: | Published |
Publisher: | Emerald |
Identification Number: | 10.1108/sampj-07-2021-0268 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:208936 |