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The answer is a lot! In my opinion, an integrated report is described best Vibram Five Fingers Kso Trek using the metaphor of an octopus. The head of the octopus is the integrated report. It tells the high-level story of the company's strategy, activities and performance reflecting how sustainability issues impact on the company's operations and how the company's operations impact on the environment and society. This report will be read Vibram Five Fingers Sprint Pink - White - women shoes a wide range of stakeholders that need to assess the company's longer term sustainability and to assess, on an informed basis, whether the board is adequately dealing with sustainability issues. So back to the octopus ... each arm of the octopus can be viewed as a detailed report or area Vibram five fingers sprint pink-grey women shoes additional information of the company, for instance, the annual financial statements (AFS) is one arm, the sustainability report or detailed information another, the corporate governance report another, and so on. Each of the arms can be fashioned to meet the specific needs Vibram Five Fingers Sprint Pure Black - women shoes a particular stakeholder group, for instance, the AFS to investors. This is unlikely to achieve the intended outcome of an integrated report. The reason being that both of these detailed reports usually offer a particular stream of information that is seldom linked back (or integrated) with either the company's strategy or the information contained in the other detailed report. The integrated report needs to offer users information with which they can make an assessment of the company's ability to create and sustain value over the longer term (i.e. its longer term sustainability).