Practical action or political stunt?
Follow this link to find out whether we think that the proposals will put Britain at the forefront of mandatory climate reporting or whether this looks more like a political stunt.
In March BEIS published a consultation paper on 'requiring mandatory climate-related financial disclosures by publicly quoted companies, large private companies and Limited Liability Partnerships (LLPs)'
The consultation states that 'the Government considers it important to ensure that companies with a material economic or environmental impact or exposure assess, disclose and ultimately take actions against climate-related risks and opportunities'.
We couldn't agree more!
But is the proposed course of action really going ensure investors are provided with the information they need to be able to hold companies to account on the hugely important issue of climate change?
Or is this aimed at burnishing the Government's green credentials ahead of the COP26 meeting in Glasgow in November 2021?