Released 08 September 2021
The Financial Reporting Council (FRC) has published the findings of its thematic review of reporting on emissions, energy consumption and related matters under the Streamlined Energy and Carbon Reporting rules.
The FRC found that, while the sample of reports largely complied with the minimum statutory disclosure requirements for emissions and energy consumption, more needs to be done to make these disclosures understandable and relevant for users.
In particular entities need to explain more clearly how information is calculated, which operations and emissions are included in their reported numbers and the level of third-party assurance obtained over the information.
Further information can be found at https://www.frc.org.uk/news/september-2021/frc-publishes-review-findings-on-streamlined-energ.