reporting Archives

TNFD and GRI collaborate on mapping document and guidelines

The Global Reporting Initiative (GRI) and the Taskforce on Nature-related Financial Disclosures (TNFD) are once again joining together to offer guidance for companies on corporate reporting standards.

FRC revises corporate governance code

FRC revises corporate governance code January 26th, 2024 The Financial Reporting Council (FRC) has announced revisions to the UK Corporate Governance Code that enhance transparency and accountability, primarily through an update to how boards approach internal controls. The FRC said changes will aim to help support the growth and competitiveness of the UK and its […]

FRC identifies TCFD disclosures as area of focus

The Financial Reporting Council (FRC) will include climate-related risks, including Task Force on Climate-Related Financial Disclosures (TCFD), as one of its key areas of supervisory focus for 2024/25 financial year.

FRC scraps ESG policies as audit reforms left out of government agenda

The Financial Reporting Council (FRC) will drop several proposals related to ESG set out in its UK Corporate Governance Code after it was dropped from the government’s legislative agenda for the year ahead.

Only 4% of companies disclosing in line with full TCFD

Just 4% of companies are reporting in line with all 11 of the Taskforce on Climate-related Financial Disclosures (TCFD) recommendations, according to its latest status report.

TPT publish UK gold standard Disclosure Framework

The UK’s Transition Plan Taskforce (TPT) has released its gold standard disclosure framework for financial institutions, which will support best practice transition plans.

TNFD publishes final disclosure recommendations

The Taskforce on Nature-related Financial Disclosures (TNFD) has published its final recommendations for nature-related risk management and disclosure.

ShareAction calls for ISSB to prioritise human rights reporting

Investor coalition ShareAction has written to the International Sustainability Standards Board (ISSB) to design international reporting standards for human and worker rights.

Many top corporations unprepared for ESG tax reporting obligations

Many top corporations unprepared for ESG tax reporting obligations. Just a small minority of large US companies are able to share their total worldwide tax contributions, as pressure from stakeholders and regulators over ESG disclosure grows, a new survey from KPMG shows.

Government urged to prioritise audit industry reform

SEC fines PwC over reporting and independence

The regulator found PwC had engaged in ‘improper professional conduct’ by performing prohibited non-audit services and breaching the independence rules in connection with 15 SEC-registered audit clients.

PwC partner Brandon Sprankle, who has been with the firm for over 20 years, has also been charged for causing the firm’s independence violations.