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Financial Reporting Lab calls for new participants for a new project on climate and workforce reporting

  • Financial Reporting Lab Image

19 Sep 2018

The Financial Reporting Lab (“the Lab”) is calling for participants for its next project on the disclosure of climate change and workforce information. The project will look at how the Lab’s recommendations in previous reports on business model reporting, risk and viability and performance metrics apply to companies’ reporting on client change and their workforce. It will look at how climate and workforce disclosures can be reported most effectively.

The Financial Reporting Council indicate that the scope of the project will develop from the contributions of the participants but it is most likely to cover the following areas:

  • how companies understand, measure and report on climate change and workforce issues, especially in the context of new reporting requirements;
  • how investors use this information in their decision-making process and consider whether the emerging reporting meets investor needs;
  • identification of where best practice reporting of material information overlaps with relevant frameworks under which companies may develop their reporting, for example, the Task Force on Climate-related Financial Disclosures’ recommendations;
  • discussion of which areas of reporting are most challenging for companies;
  • consideration of the extent to which lessons can be learnt from emerging international reporting practice; and
  • highlighting best practice in company reporting.

It is expected that the Financial Reporting lab will likely publish the final report in autumn 2019.

Further information including the press release is available on the FRC website.

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