The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013. [Quoted companies GHG reporting, 2013]

United Kingdom Current 2006

Following approval by the UK Parliament of regulations amending the Companies Act 2006 on 17 July 2013, all UK companies are required to produce a standalone Strategic Report which replaces the existing Business Review. There are also more onerous obligations on quoted companies to additionally report on their strategy and business model, as well as on Greenhouse Gas (GHG) emissions, human rights and diversity in the company. UK incorporated companies listed on the London Stock Exchange main market will have to report their levels of greenhouse gas emissions. Companies may use the UK Government Greenhouse Gas Reporting Guidance or one of the considerable array of voluntary reporting methodologies to measure their emissions. Government requires that the chosen methodology is made clear in the report. Companies can reuse data already collected for other schemes such as Climate Change Agreements, the EU Emissions Trading Scheme and Carbon Reduction Commitment Energy Efficiency Scheme to populate their report. If companies take advantage of this provision, they must make it clear in the report that they are doing so.

Scope

General sustainability/ESG/non-financial

Industry sectors covered by the instrument

All/none specified

Organizations covered by the instrument

All organizations except those in the public sector

Issuer type

Finance/Treasury

Type of instrument

Legislation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

Project Partners