Integrated information theory (IIT) stands out as one of the most promising approaches to scientifically understand the emergence of consciousness. Even if it borrows from the phenomenology of consciousness to derive its axiomatic formulation, IIT does not initially adhere to any particular ontological position. However, its founder leans towards panpsychism. More recently, Owen has studied the pros and cons of different ontologies as a metaphysical basis for IIT, defending a hylomorphic stance where en-grounding, en-forming relations gain the upper hand in the causal narrative. This paper aims at (1) complementing Owen's work by invoking additional arguments against physicalist IIT, both reductive and non-reductive; and (2) improving Owen's characterization of non-physicalist causality through a `nested' version of hylomorphism that avoids the combination problem of panpsychism.