Modernising Corporate Reporting: Key Points For Sustainability Practitioners

Earlier this week the Department for Business, Innovation, Science and Trade published the long awaited Modernising Corporate Reporting consultation, seeking views on how the corporate reporting framework in the UK could be modernised to better meet the needs of companies, investors and the wider economy. The government describes the consultation as a ‘once-in-a-generation’ opportunity to reset the UK’s corporate reporting framework.

The consultation closes on 30 November, with the outcome due to be published by the end of May next year. Amending legislation will then need to be drafted and taken through Parliament, so none of the proposed changes are likely to come into force until next summer at the earliest.