BusinessCorporate FinanceSocial responsability reporting ‘not clear’

Social responsability reporting 'not clear'

Environmental disclosures are not always clear or user friendly, Prince Charles’ right-hand man has said

Sir Michael Peat, principal private secretary to the Prince of Wales and the
Duchess of Cornwall and a trained accountant, makes the comments today in
a piece in Accountancy Age .

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‘Considerable progress has been made in recent years with corporate social
responsibility reporting and there have been important developments, such as the
Global Reporting Initiative and the Carbon Disclosure Project. But the
information provided is not always clear or user friendly for employees and
investors,’ Sir Michael said.

Sir Michael – whose great grandfather William Barclay Peat was a founding
partner of Peat Marwick (now KPMG) – has promoted the project, which seeks to
modify the best of current reporting so that it can provide a simpler reporting
framework.

Read his comment in full here

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