Click button to open menu

Businesses to begin disclosing climate change risks in annual reports

24 Jan 2019

According to research published recently by the Carbon Trust, 67% of UK businesses will begin to incorporate climate change risks and opportunities in their 2019 annual reports.

However, only 23% of firms are expected to report in line with the Climate-related Financial Disclosures recommendations, which were published by the G20 Financial Stability Board in 2017. 

The research also revealed that 31% of businesses see 'financial benefits' in reporting on climate change-related issues. An additional 21% of business leaders believe that improved climate change reporting will result in 'an increased company valuation'.

Commenting on the matter, Hugh Jones, Managing Director of Business Services at the Carbon Trust, said: 'We are now able to see how our changing climate is moving markets more quickly than many had anticipated.

'For corporate leaders, going through the process of assessing their company's climate change opportunities and risks is a vital strategic tool for navigating the necessary transition to a sustainable, low carbon economy.'

Registered to carry on audit work in the UK & Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England & Wales.

Details about our audit registration can be viewed at www.auditregister.org.uk for the UK and www.cro.ie/auditors for Ireland, under reference number C006856925

ICAEW-member-firm

Home | Contact us | Accessibility | Disclaimer | Help | Site map |

© 2019 Greenaway Chartered Accountants. All rights reserved.

Greenaway Chartered Accountants, 150 High Street, Sevenoaks, Kent TN13 1XE

We use cookies on this website, you can find more information about cookies here.