March Monthly Briefing: Reporting Convergence or Confusion Our views on what matters |
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Building on our highlight of reporting convergence and confusion in our 2021 Actions for Business, this month our lead article provides “a vision for sustainability reporting”, providing five key developments that will shape the future of sustainability reporting by 2030. Our thanks to Tim Mohin, Executive Vice President and Chief Sustainability Officer and Chris Matthews, Head of Sustainability, United Utilities who provided invaluable insight for this article.
Our selection of current news stories reflects the increasing requirements, such as accelerating mandatory requirements, with the UK accounting regulator calling for more accessible, non-expert information. While the introduction of the new European SFDR legislation for asset managers shows how big steps are never easy, as the mandatory indicators still fall short. Meantime the question mark over whether Tesla will be able to join the S&P 500 ESG index, despite its green products, demonstrates the need for greater sustainability disclosure and performance.
Perhaps at its simplest, our guiding thought for reporting is that it ought to be about communication, or as Chris Matthews says, “Tell your story in a way that will be consumed.” |
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| | | UK accounting regulator calls on companies to make reports more accessible How the plans for extra information tailored to non-expert readers will help make corporate reporting more agile and relevant. But uniform reporting remains unlikely. Read More |
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| | SFDR: Europe’s first step to combatting greenwashing in financial services With asset managers and others offering financial products in the EU now having to disclose the reality of their sustainability claims, the mandatory indicators still fall short.
Read More |
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| | Will Tesla make the grade to join the S&P 500 ESG Index? Despite specialising in “green” products, Tesla’s sustainability disclosure and performance scores need to shift significantly. Read More |
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| | The Future of Reporting
Five key developments will shape the future of sustainability reporting by 2030. Read More |
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| | The Sustainability Reporting Journey: What's Next? Looking to make your sustainability report future-fit?
To help our clients understand where they stand on sustainability reporting currently, and how they can move their reporting practices forward with this vision in mind, we have created a map for the sustainability reporting journey.
Download here |
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