An analysis on the suitability of participation banks' annual reports for integrated reporting

Integrated reporting is a type of reporting in which financial and non-financial information are presented together and in connection. Integrated reports, in which the social, environmental and financial activities of the organizations are presented in a single report with a holistic perspective, enable stakeholders to make more accurate analyzes about the organization. The points to be taken into consideration during the preparation of integrated reports were determined with the International Integrated Reporting Framework published by the International Integrated Reporting Council in 2013. Today, many organizations are based on the International Integrated Reporting Framework when preparing integrated reports. In January 2021, the International Integrated Reporting Framework was revised by the International Integrated Reporting Council in order to provide a simple and clear structure. In this study, it is aimed to determine to what extent the annual reports published by the participation banks in Turkey comply with the content elements and guiding principles specified in the International Integrated Reporting Framework over the years. For this purpose, the annual reports published by 5 participation banks in Turkey for the years 2018-2020 on their official sites were analyzed using content analysis method. As a result of the analysis, it has been determined that the annual reports published by the 5 participation banks within the scope of the research for all three years are in compliance with the International Integrated Reporting Framework. It was determined that the participation bank with the highest integrated report compliance score was Kuveyt Türk Participation Bank for 2018 and 2019, and Albaraka Türk Participation Bank for 2020. Ziraat Participation Bank and Vakıf Participation Bank were found to be the participation banks with the lowest integrated report compliance score for all three years. In addition, for all three years, the "Materiality" and "Consistency and Comparability" principles were determined as the guiding principles with the highest score, while the "Performance" element was found to be the content element with the highest score.