The long-term success and financial viability of organisations is hinged on their ability to create value sustainably over time. Value creation translates to relevance for organisations because it lies at the heart of why they exist in the first place.
Value creation is also a fundamental concept identified in the Integrated Reporting Framework. By using a mix of capitals (financial, human, intellectual, manufactured, natural, social, and relationship) to create value, organisations must also recognise that value can be preserved or eroded.
