The regulation will require relevant companies to prepare a non-financial information statement as part of their strategic report covering a number of human rights issues.
Department for Business Enterprise and Industrial Strategy
Government ministryBusiness/Trade/Industry
More informationThe new regulations have been laid before parliament and are likely to come into force very shortly as they apply to financial reporting for relevant companies and partnerships from 1 January 2017. The regulation amends the Accounting Directive of the Companies Act 2006, and inserts a new requirement for certain large public interest entities to disclose certain non-financial information in a statement as part of the entity’s management report.
Comply or explainTrue
Organizations covered by the instrumentLarge private and listed companies
Target organization notesPIEs 500+
Industry scopeAll/none specified
Disclosure venuestrategic report
ESG coverage - E (Environment)All
ESG coverage- S (Social)Human Rights, Employment Conditions, Policies and Practices, Social Impacts & Value Creation
ESG coverage- G (Governance)Accountability, Anti-Corruption and Anti-Competitive Behaviour
Current
CountryUnited Kingdom
RegionEurope
Date of publication2016
Issuer typeGovernments (governmental department, agency)
Reporting requirementsPublic law and regulation
Mandatory or voluntaryMandatory
The geographical scopeNational/federal