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Non-financial reporting: where are we headed?

The landscape for non-financial reporting is evolving at a pace with further expected changes on the horizon. What are the challenges that companies face when it comes to non-financial reports, where can improvements be made, and what does the future hold?

Latest articles

Article
A person writing on report papers at a table. 16 Nov 2021
Building trust through bespoke reporting

Over reliance on standard wording and generic templates to provide narratives in financial reporting should be a thing of the past.

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Article
A group of people sitting round an office table with laptops and papers, talking 10 Nov 2021
Carney: how we are transforming the global economy

Former Bank of England Governor turned climate activist Mark Carney explains how the financial system is changing to combat climate change.

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Article
Report papers on a desk with a pair of glasses on them. 03 Nov 2021
New sustainability standards board targets globally comparable reporting

Moves to provide global financial markets with high-quality disclosures on climate and other sustainability issues moved a step forward after the IFRS Foundation formally announced the formation of the International Sustainability Standards Board, with a pledge for operations to begin in early 2022 and published prototype disclosure requirements.

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Article
A pair of hands typing at a laptop. 29 Oct 2021
Corporate reporting: no decline but sharp focus on climate risks

Despite the pandemic, the FRC has revealed that it has not detected a decline in reporting quality. But improvements in key areas are still necessary.

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Article
People in conversation at a table with notepads and pens 25 Oct 2021
10 years of FRC Lab: future focus on ESG and technology

The Financial Reporting Lab is celebrating its 10th birthday. We speak to Lab Director Phil Fitz-Gerald about its finest achievements and probe its future work, particularly on environmental, social and governance reporting and technology.

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Article
Close-up of letters on a keyboard 22 Oct 2021
The road towards unified non-financial reporting standards

While the impetus for non-financial disclosures is growing, there needs to be some harmonisation of standards if it’s going to work.

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Article
A corporate report on a table 12 Oct 2021
Proportionality and cooperation key to future of sustainability reporting

The UK government aims to lead on mandating climate-related financial disclosures and adopting international sustainability reporting standards but acknowledges requirements must not be excessively costly or onerous for business, says Lord Callanan.

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Article
A laptop with a report being written on it, a notebook, a smartphone and a glass of water. 08 OCT 2021
Narrative reports and back-end financials: numbers must back up words

Companies need to do a better job of providing more consistency between front-end and back-end reporting in their annual financial statements if they are to engender trust with stakeholders and tap into the burgeoning appetite among investors for opportunities to invest.

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Article
A fountain pen writing on paper. 05 OCT 2021
The crusade to achieve the SDGs and the role of accounting

Implementing the UN Sustainable Development Goals is no mean feat, but progress must be made. Josette Caruana talks us through the work she is doing with Giovanna Dabbicco on the Global Reporting Initiative, and its relevance for the achievement of SDGs.

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Article
A hand writing on printed documents. 06 SEP 2021
ESG tops business priority list

Almost a third of mid-market businesses say they face a high risk of losing business if they fail to act on ESG, according to new research, which also ranks ESG above Brexit and COVID in priority.

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Article
A person typing at a laptop. 03 SEP 2021
2021 marks step-change in corporate action on ESG reporting

More mainstream investors are seeing ESG as real investment issues and are calling for companies to provide better disclosure - something which ramps up the need for improved information systems, says former FASB chairman Bob Herz.

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