The UK reporting watchdog says many disclosures do not include information on how energy use and emissions are calculated.
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Companies need to add much more detail into their disclosures about emissions and energy consumption, according to the UK’s company reporting watchdog.
The news comes in a review conducted by the Financial Reporting Council (FRC) that looks at examples of disclosures made under the Streamlined Energy and Carbon Reporting (SECR) rules, which were introduced last year.
According to Mark Babington, the FRC’s director in charge of regulatory standards, “Companies need to do more to make disclosures understandable and relevant to users.”
The FRC says companies reported the bare minimum and in many cases failed to go into any detai
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