Investors believe companies are ‘falling short’ on climate reporting
The Financial Reporting Council warns that organisations must “rapidly increase transparency and improve reporting” to meet evolving investor expectations.
Image: Alex Brylov/Shutterstock
The pressure on companies to disclose more information about their climate-related issues was stepped up this week with a report from a UK watchdog revealing investor disappointment about the current state of reporting.
The Financial Reporting Council (FRC), the UK’s corporate reporting regulator, said investors believe companies are falling short on reporting climate risks and opportunities.
Among other disclosures, investors want to know how boards “consider and assess” climate and how it could change their business models, or whether they remain sustainable.
According to Sir Jon Thompson, chief executive of the FRC, investor
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