The Companies Act 2006 (Strategic Report and Directors Report) Regulations 2013 (the SR Regulations) come into force on 1 October 2013.
The SR Regulations both extend the scope of mandatory non-financial reporting obligations in the UK and introduce a new format for reporting.
The SR Regulations are another step in the emergence of ESG as a top-of-mind boardroom issue. This has been prompted by the conviction that companies that address ESG concerns can achieve higher growth rates and increased profitability, better stakeholder reputation and improved brand strength and an acknowledgement that ESG risks can seriously undermine investor confidence and the long-term prospects for businesses.
Read the full article by following the link.