In recent years though, there has been increasing expectation from other stakeholders, and from shareholders on their behalf, that these largely financial areas will be augmented by an escalating amount of information on corporate purpose, governance, and the environmental and social impacts of business, particularly including Section 172, SECR and TCFD reporting. This demand has led to far greater attention on these areas and a plethora of standards, frameworks and guidance and, increasingly, mandatory regulation.
Many of the regulations cover unquoted and private as well as listed companies, casting demands for transparency and effective communication far more widely. We strongly believe this should not be just a compliance exercise. These factors are already driving quoted investments and will increasingly make themselves felt, through pressure on banks and insurers, on the financing of unquoted companies. They also drive your employees and customers.
We can guide you through the challenges and complexities of the requirements to help you deliver key messages and meet your reporting obligations.
This can include advising you on:
We can also help you consider what reporting mechanisms and controls will be required for producing the information required and to link it effectively to corporate reporting.
If you would like a member of the Accounting Technical Services team to contact you, please click the button below:
The importance of reporting on companies’ effect on the natural environment, or vice versa, has increased immensely over the past decade. Large companies should be looking at this and considering how their business model might need to change in the future to accommodate the low carbon transition and environmental change effects. Having considered it, companies then need to explain their approach to...
Clear presentation of a company’s purpose, business model and strategy is becoming ever more significant for engagement and can provide a more compelling business case to investors and help the workforce understand the value, and values, of the company. Clear expression of a company’s business model can also help management develop methods for ensuring intellectual and relationship value is measured,...
The requirement to report on a company’s relationships with other stakeholders and the environment, and how it considers its long-term future, may be relatively new, but it reflects the importance of these connections to reputation and competitive advantage. Understanding your key stakeholders can help refine your business model, tell external stakeholders how you value relationships and justify...
The aim of reporting of risks is to inform readers of areas where the company is especially sensitive to internal or external events, or possibly those areas where it might be expected to be, but has through mitigation reduced the risk in a manner which would not otherwise be obvious externally. Reporting in this manner can give users greater understanding of how their investments, credit or livelihood...
Many companies modify the figures produced in their IFRS statements for use as performance measures when reporting internally or externally. These adjusted, normalised or underlying measures are often referred to by regulators as APMs and may also be considered KPIs. APMs are developed to find a basis for measuring how the business franchise has performed and on which management can base their...
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