We continue to work on improving the presentation of our Annual Report and Accounts, in common with several other higher education institutions, by adopting the principles of Integrated Reporting (IR). This is informed by the IR global framework and is intended to enhance accountability, transparency, and readability of our Annual Report and Accounts, thus improving the trust between us and our stakeholders. We are continuing to use the framework to help us understand the resources we draw from that materially affect our ability to create value for our students, staff, and external partners. This value creation approach remains at the heart of new Strategy 2021 to 2026. The Strategic and Operational Review outlines our mission and the four pillars that are the focus of this Strategy. The Key Operational Performance Indicators outline some of the metrics against which our performance will be measured and it is planned that our future reporting will provide transparent progress on our performance against this strategy.
This year’s Annual Report and Accounts consolidates our steps towards adopting IR. We continue to combine our previous Annual Report and Financial Statements into this single document and have expanded the narrative statements included in this document. We have retained our value creation document to show how we draw from different resources. We have set out how our activities add value for our stakeholders, through a series of case studies. Real examples of where we create and add value to members of our community, these emphasise the actions we have taken to support members of our community through the challenge of the COVID-19 pandemic.
As stated, the Annual Report and Accounts has been informed by the IR framework developed by the International Integrated Reporting Council (IIRC). This year we have expanded our reporting of risk and provided the final set of KPIs against our Strategy 2016 to 2021.