Earlier in 2019, the UK Financial Reporting Council (FRC) published a statement outlining the responsibility of Boards of UK companies to consider their impact on the environment and the likely consequences of long-term business decisions. Boards should, therefore, address and where relevant, report on the effects of climate change Companies are falling short of investors’ expectations for clearer reporting on climate-related issues according to a new report from the FRC Financial Reporting Lab (the Lab).
The report provides practical guidance about where companies can improve their reporting and outlines what investors want to understand, questions companies should ask themselves, recommended disclosures, and a range of examples of the developing practice of climate-related reporting.
The report can be downloaded click here