In this report, we have reviewed the latest FY21/22 ESG disclosures from some of the UK’s most valuable private and listed companies. The sample of 100 companies included 58 FTSE100, 16 FTSE250, 16 private, and 10 other reporters - including UK subsidiaries of US-listed companies and co-operatives. The headline is that we see progress but for most companies, their reporting journey is far from over. Key insights and takeaways from this review have been summarised into ten ESG reporting trends.
One key takeaway from the 10 top ESG reporting trends has been the increasing volume, breadth and depth of ESG disclosures and data being prepared and reported year-on-year. To do this successfully, ESG reporting can no longer be a once-a-year ‘tick-box’ exercise. Reporters need to keep pace with the evolving ESG regulatory landscape and increasingly draw on a cross-functional internal team of finance and sustainability professionals throughout the year, as well as HR, procurement and operations, in the preparation of ESG disclosures on a wide spectrum of topics.
Ten ESG reporting tips
Even companies wanting to maintain a position in the ‘middle of the pack’ will need to actively plan, benchmark and mature their disclosures year-on-year. Therefore, throughout the report, we have highlighted some of our top tips to support you in getting ready for your next year-end.
We encourage reporters in the UK to stay on track and build on good ESG reporting practices. In turn, this provides the foundation for driving a different conversation in the boardroom – one which focuses on purpose and a broader consideration of non-financial performance in driving the company’s strategy. And fundamental to the outside-in perspective and scrutiny of that performance is transparent, assured data and disclosures.
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