Which of the following is NOT one of the six capitals in integrated reporting?

Integrated reporting identifies six forms of capital that organizations use to create value over time. These six capitals are: financial capital, manufactured capital, intellectual capital, human capital, social and relationship capital, and natural capital.

Regulatory capital is not part of this framework, which aligns the various dimensions of resources and relationships that contribute to an organization's overall value creation process. Unlike the recognized capitals, regulatory capital refers to the compliance aspects that organizations must adhere to within their operational environments, rather than a resource or asset that contributes positively to delivering value.

By understanding the distinct nature of each of the recognized capitals, students can better grasp the holistic approach to performance and sustainability that integrated reporting encourages. This framework emphasizes the interdependencies and trade-offs among the different forms of capital while highlighting the importance of effective stewardship and governance.