In one boardroom I sat in, directors proudly unveiled a sustainability report, glossy covers, pictures of solar panels, happy farmers, and a CSR budget that looked generous. Then the external auditor, a man known for his unfiltered honesty, leaned forward and asked: “This is beautiful, but tell me, where is the link to your strategy? Where is the accountability chain from boardroom decisions to business performance?” Silence fell. That silence is precisely what integrated reporting under IFRS S1/S2 and ISSB standards is designed to disrupt. Most boards think ESG reporting is about compliance and good PR. Plant a few trees,…