More than 450 asset managers and pension funds responded to a consultation on standardised reporting Some of the world’s biggest pension funds and institutional investors are backing the International Financial Reporting Standards Foundation’s (IFRS) proposal for standardised sustainability reporting. Last September, the IFRS, which oversees the International Accounting Standards Board (IASB), published a consultation paper […]
Read More
French regulator demands broader scope for non-financial reporting The French securities regulator, AMF, has asked the European Commission to make all companies, irrespective of size, disclose harmonised ESG data under the EU Non-Financial Reporting Directive. The Autorité des marchés financiers (AMF), explaining its reasoning in a response to the commission’s call for feedback on the […]
Read More
The European Commission’s Action Plan on Sustainable Finance, launched last week, was broadly welcomed by responsible investment groups and those representing the financial sector. The Commission’s intention is to develop a financial system that supports the EU’s climate and sustainable development agenda. The publication of the action plan followed the work of the high-level group of […]
Read More
The European Commission has launched a consultation to gain views on how asset managers and institutional investors could include environmental, social and governance factors when taking decisions. The consultation follows up on one of the eight early recommendations delivered by the High-Level Expert Group on Sustainable Finance which published its interim report in July 2017. The group […]
Read More
UK corporate reporting could still be improved through the disclosure of specific company rather than generic information according to the Financial Reporting Council (FRC). In its annual review of corporate reporting, the FRC said disclosures by large listed UK companies are generally good but detailed explanations and clarity could still be better. Improvements in recent years […]
Read More
The European Commission has adopted guidelines on the disclosure of environmental and social information. The Commission said they will help companies to disclose relevant non-financial information in a consistent and more comparable manner. These guidelines have been published as companies prepare to apply the EU’s Directive on Non-financial Reporting. The directive entered into force in […]
Read MoreThe UK’s Financial Reporting Council (FRC) has written to institutional investors highlighting the key issues they should be considering ahead of the peak season of company shareholder meetings. The letter from Stephen Hadrill, FRC chief executive, reminded investors that this is the first year of enhanced reporting on risk and internal control and the inclusion of a […]
Read MoreBreaking new ground as the first country to require its companies to disclose their greenhouse gas emissions, the UK government is storming ahead with its business sustainability agenda and is now making it obligatory for all quoted companies to disclose information regarding their wider environmental practices. Designed to reform current disclosure conventions of the annual […]
Read MoreShareholders looking for a more joined up approach to corporate reporting have, hopefully, not much longer to wait after the introduction of the UK’s Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 Business Minister Jo Swinson outlined the Coalition’s rationale for the reforms when the regulations were laid before Parliament earlier this year: […]
Read MoreThe European Commission this week (12/12/12) set out its 16 priorities for promoting sustainable and competitive companies in the EU. After two years of investigation, the Commission has decided to focus it’s workplan on three main areas: Transparency Long-Term Shareholder Engagement Company Law Reforms Transparency Increasing transparency on board diversity and risk management; Improving corporate governance reporting; Better […]
Read More