In-house lawyers: sustainability and corporate social responsibility (CSR) reporting
Produced in partnership with Ardea International
In-house lawyers: sustainability and corporate social responsibility (CSR) reporting

The following Environment practice note produced in partnership with Ardea International provides comprehensive and up to date legal information covering:

  • In-house lawyers: sustainability and corporate social responsibility (CSR) reporting
  • Introduction
  • Mandatory reporting on non-financial issues in the UK
  • The strategic report—duty to report on environmental and social issues
  • Additional environmental, social and human rights requirements for quoted companies
  • Mandatory greenhouse reporting
  • Modern Slavery Act 2015
  • Financial Reporting Council (FRC) guidance on strategic reports
  • Directive 2014/95/EU on disclosure of non-financial and diversity information
  • Gender pay gap reporting
  • More...

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.

Introduction

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:

  1. if they are required by law to disclose on their environmental and social issues

  2. the extent they have to disclose

  3. 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 the connection between corporate responsibility and business operations and strategy.

For more information, see Practice Notes: Responsible business, corporate social responsibility and environmental social governance—a guide for companies and Governance for Corporate Social Responsibility (CSR).

Mandatory reporting on non-financial issues in the UK

Companies in the UK may be required to report on environmental, social and human rights matters in accordance with:

  1. the Companies Act 2006 (CA 2006)

  2. the Companies, Partnerships and Groups (Accounts and Non-Financial

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