Voluntary environmental, social and corporate governance (ESG) reporting
Produced in partnership with CLT Envirolaw
Voluntary environmental, social and corporate governance (ESG) reporting

The following Environment practice note Produced in partnership with CLT Envirolaw provides comprehensive and up to date legal information covering:

  • Voluntary environmental, social and corporate governance (ESG) reporting
  • Brexit impact
  • Trend towards environmental, social and corporate governance (ESG) reporting
  • EU Corporate Responsibility policy
  • UK Corporate Responsibility policy
  • ESG reporting schemes and initiatives
  • GRI Sustainability Reporting Standards
  • IIRC Integrated reporting framework
  • OECD guidelines
  • Comprehensive sustainability reporting regime for companies
  • More...

Brexit impact

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—environmental law implications and News Analysis: Brexit Bulletin—key updates, research tips and resources.

Trend towards environmental, social and corporate governance (ESG) reporting

Heightened emphasis on transparency and accountability through corporate governance and disclosure has renewed the focus on the ‘triple bottom line’—environmental, social and economic impacts. Environmental, social and corporate governance (ESG) reporting generally measures the sustainability and ethical performance of a company.

There is increasing interest in the ESG performance of companies by various stakeholders. A range of mechanisms exist to shape CSR and foment voluntary reporting by companies on their ESG performance. Adhering to one such framework heightens credibility, and a proactive approach to sustainability presents opportunities whilst ensuring a company’s preparedness to embrace evolving legal requirements.

Stock exchanges are also encouraging voluntary disclosure on ESG. At the RIO+20 conference a group of stock exchanges held forums to explore how exchanges can work together with investors, regulators and companies to enhance corporate transparency and ESG performance and encourage responsible long-term approaches to investment. Some stock exchanges, such as the Johannesburg Stock Exchange

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