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Workforce-related corporate reporting: Where to next?

  • FRC (United Kingdom Financial Reporting Council) Image

Jan 31, 2020

In January 2020, the Financial Reporting Council (FRC) released a report on their project that sought to test whether the principles of good reporting in their previous reports on business models, risk and viability reporting and performance metrics could be applied in the context of reporting on the workforce.

This project was undertaken alongside their work on climate change. In both of these projects there was a clear desire for reporting around four elements, namely governance and management, business model and strategy, risk management and metrics and targets. As such, the Lab’s insights follow these four elements.

There are examples of developing reporting practice, but further improvements can be expected as regulatory changes and investor expectations develop. To assist, this report sets out how companies can make their reporting more effective and comprehensive by providing a set of questions that they should ask to help develop their reporting.

Review the report on the FRC's website.

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