The following Environment guidance note Produced in partnership with Ardea International provides comprehensive and up to date legal information covering:
As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an implementation period, during which it continues to be subject to EU law. This has an impact on this content.
For further guidance, see Practice Note: Brexit—impact on environmental law and News Analysis: Brexit Bulletin—key updates, research tips and resources.
This guide has been written to provide an insight into some of the mandatory reporting requirements for companies on non-financial issues. It also explains what a sustainability report is and sets out the different voluntary reporting frameworks available in summary format.
Investors, shareholders, customers and other stakeholders are demanding greater access to environmental and human rights information. The heightened emphasis on transparency and accountability through corporate governance and disclosure has renewed the focus on the triple bottom line, namely how an organisation is managing its environmental, social and economic impacts.
There are both mandatory and voluntary environmental and social reporting requirements and frameworks. Companies will have to determine:
if they are required by law to disclose on their environmental and social issues
the extent they have to disclose
which voluntary frameworks they choose to adopt to produce a credible sustainability or Corporate Social Responsibility (CSR) report
Integrating CSR reporting into mainstream financial reporting demonstrates
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