FTSE 350 pay 'lip service' to environment in annual reports
PwC report finds 30% of companies do not link KPIs with sustainability objectives
PwC report finds 30% of companies do not link KPIs with sustainability objectives
Companies are paying “lip service” to environmental sustainability in their
annual reports according to a PricewaterhouseCoopers (PwC) report which predicts
investors will demand evidence of green thinking in the future.
The accounting firm’s study of FTSE 350 companies found only 31% align
sustainability measures with their key performance indicators, and many are
reticent to provide about their “key dependencies”.
“Although the number of companies aligning their sustainability objectives
with strategic goals has increased, many companies appear to pay lip service to
this are of reporting,” the report said.
“With a growing recognition of the realities of climate change, stakeholders
will increasingly seek evidence that companies have considered, and are
responding to, the potential risks.”
The report found there’s room for improvement across FTSE 350 companies when
it comes to narrative reporting. The Financial Reporting Council is preparing
new guidance on narrative reporting likely to be released by the end of the
year.
The numbers you crunch tell a story. Your expertis...
15yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe Bank of England has appointed Ernst and Young LLP (EY) as its external auditor from the financial year ending 28 February 2025. Read More...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articlePwC's decision to delay promotions in its graduate scheme, affecting around 100 graduates, is a response to reduced client demand and the aftermath of...
View articleTraditionally, audit schedules have been prepared manually, consuming significant time and resources. However, with the advancements in Artificial Int...
View articleThe FRC is promoting initiatives to foster a more competitive market, following recent high-profile accounting scandals. Read More...
View articleOn January 27, it was reported EY had quit as auditor to Asda amid one of its senior partners starting a romantic relationship with billionaire chief ...
View articleDespite the increased interest in AI and ML, only 12% of respondents indicate their organisations have adopted AI and ML within their audit functions....
View articleAs the government's independent investigation progresses, it is hoped that a clearer picture will emerge, leading to meaningful reforms within the aud...
View article