Will the new IIRC framework make a difference to accountability?
The main good point about the new IIRC framework is probably that it will encourage those who currently do not report at all on sustainability matters to think about them. It is perhaps the best-articulated statement of the enlightened shareholder perspective to date. But it is still a shareholder perspective: the framework makes explicit that an IIRC report does not have to satisfy other stakeholder information needs.
Of course the real interest will be in what companies do with it. Will we see a Shell producing an IIRC report that properly discusses its stranded assets? Will we see an HSBC discussing its structure in terms of international tax issues?
More modest success criteria would include seeing the framework used to construct the narrative sections of Annual Reports and the Disclosures on Management Approach of GRI reports.