ACCA backs compulsory environmental reporting
ACCA has given its backing to compulsory environmental reporting for UK companies to a House of Commons select committee.
Appearing before the Environmental Audit committee, technical director Roger Adams said ACCA was in favour of a ‘limited form’ of compulsory environmental reporting for companies with more than 250 employees.
The Commons committee is investigating how environmental reporting would improve corporate and organisational efficiency and whether a standadised form of reporting is appropriate for best practice.
Adams said: ‘We support the introduction of a limited core set of environmental disclosures at the larger company level – we believe that this should be done through the vehicle of the Company Law Review process.’
He added: ‘Mandatory reporting requirements will enable comparison of organisational performance – but ACCA believes that the credibility of environmental reports can really only be established if those disclosures are subject to some form of external verification process.’