The U.K. government and regulators are backing mandatory sustainability reporting standards, with a plan to require large companies to report on climate change impacts and a call for global reporting standards.
The government said Tuesday that it supported moves to draw up global standards. So did accounting watchdog the Financial Reporting Council, which said in a report that “corporate reporting needs to improve to meet the expectations of investors and other users on the urgent issue of climate change.”
In a statement to Parliament Monday, Chancellor of the Exchequer Rishi Sunak said “we’re announcing the UK’s intention to mandate climate ...
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