UK’s ESG Reporting Should Follow EU Model, Accounting Bodies Say

Leading UK accounting bodies called Thursday for Prime Minister Rishi Sunak’s government to to mirror the EU’s approach to sustainability reporting, warning that an independent path risked confusion and a bigger workload for companies.

The Institute of Chartered Accountants of Scotland and the Association of Chartered Certified Accountants, responding to an official consultation on non-financial reporting, said the UK should take a broader approach. Beginning next year, European companies must report on the full range of environmental, social and governance issues, assessing the damage they cause to the world as well as the threats they face from problems such as ...