Investors call for clearer climate-related financial reporting

22 Oct 2019

Companies are failing to meet investors' expectations for clearer financial reporting on climate-related issues, according to a new report published by the Financial Reporting Council (FRC).

The FRC says that it is up to companies to 'close the gap between current reporting and investor expectations'. It has also warned that investors' requirements will increase as economies increasingly transition towards low carbon and climate-resilient futures.

Commenting on the report, Sir Jon Thompson, CEO of the FRC, said:'Investors are rightly demanding more information and greater transparency from companies on the challenges posed by climate change.

'As societal and investor expectations evolve alongside the regulatory environment, it is clear companies need to rapidly increase their transparency and improve their reporting to meet this demand.The FRC itself recognises the need to play a more active role in this space, and this report is an important step in recognising climate change as a priority and building on the FRC's activities.'

The FRC says it is providing guidance on how businesses can improve their reporting and disclosures. By 2022, the UK government expects all listed companies and large asset owners to disclose in line with the recommendations set out by the Taskforce on Climate-related Financial Disclosures (TCFD).

Register for our newsletter

Once a month we'll send you an email packed full of essential business news and handy tax tips to help save you money.

Register

Weston-super-Mare

34 Boulevard
Weston-super-Mare
Somerset
BS23 1NF

01934 415022

Cheddar

Bath Street
Cheddar
Somerset
BS27 3AA

01934 743274


Home | Contact us | Accessibility | Disclaimer & Privacy Policy | Help | Site map |

© 2020 Four Fifty Partnership. All rights reserved.

We use cookies on this website, you can find more information about cookies here.


Registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales. Details about our audit registration can be found at auditregister.org.uk under the reference C001092613.

"four fifty partnership" is a trading name of Four Fifty Partnership Limited. Registered in England. Company Number 5032008. Registered Office 34 Boulevard, Weston super Mare, Somerset BS23 1NF.

Directors: Richard Acreman BSc CTA, Joy Boswell FCCA FCA, Peter Ison BA FCA and Nick Gravell FCCA FCA.

Professional Indemnity Insurers: Nexus Underwriting Limited 52-56 Leadenhall Street, London EC3A 2EB (Policy Number: BC6210PIA194). The territorial coverage is worldwide excluding professional business carried out from an office in the United States of America or Canada and excludes any action for a claim brought in any court in the United States of America or Canada.