A rising proportion of the UK’s makers are setting sustainability targets, but find it difficult to assess their suppliers’ ESG progress.
Thinktank criticises the Financial Reporting Council for deleting ‘pretty tame’ measures related to ESG from the latest version.
Reporting on internal controls is a key feature of the scaled-down 2024 update, as is the principle of ‘comply or explain’.
While the Financial Reporting Council has no power over the Post Office, it might investigate audit work at the quango.
ESG fund launches tail off drastically in 2023; Financial Reporting Council fines firms £33.2m; CEOs should be the ‘voice of reason’.
Supply chain warning; Japan improves corporate governance; FRC drops proposals; BP penalises Looney; US investors resist high pay.
FRC review of audit market competition reveals 98% market share that ‘leaves little room for challengers to emerge’.
The UK pension fund notes in voting guidelines that the ISSB reporting standards IFRS S1 and S2 should be seen as a ‘minimum’.
FRC reveals next year’s supervisory focus; are regulators driving out the notion of risk? S&P 500 firms’ committees proliferate.
But despite greater corporate attention being paid to ESG, directors’ engagement with it is losing momentum, global report finds.