BusinessCompany NewsStill time for non-financial reporting framework

Still time for non-financial reporting framework

The director of the Corporate Responsibility Coalition (CORE) says the unwillingness of companies to embrace a 'standard non-financial reporting framework' has resulted in questions being asked from investors and stakeholders.

Link: The OFR: Guiding principles for directors

Despite this, Brian Shaad, director of CORE, said in a letter to the FT it was ‘not too late to bring into law an effective non-financial reporting framework’.

Shaad said the government’s forthcoming operating and financial review (OFR) was an opportunity for the government ‘to promote a sustainable and innovative business environment that recognises wider stakeholder concerns about the human rights and environmental impact of business’.

The OFR is scheduled to come into place in the early part of 2005.

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