Some premium listed companies will see compulsory climate reporting as soon as next year. And experts warn that much work remains to be done.
When it comes to mandatory climate-related risk reporting there isn’t as much time as recent headlines might suggest. The government has said the legal framework to make it compulsory will be in place by 2025. But a detailed look at government timelines reveals for premium listed companies the changes will come in as soon as next year. “The real time scale is from next year and that should focus a few minds,” says Veronica Poole, head of accounting for north and south Europe at business advisory firm Deloitte. She adds that work on preparing climate-related risk disclosure should be starting now. “If it hasn’t started already, yo