Large EU and UK organisations risk breaking the law if they don’t include a non-financial statement in their annual reporting. Is your organisation actively managing its non-financial risks? And are you reporting your actions correctly?
Ensure compliance and reap benefits
For the past two years, legislation has required organisations with over 500 employees, (including traded companies, banks and insurers) to disclose non-financial information in the Strategic section of their annual report and accounts. Organisations in scope are required to disclose policies, policy outcomes, risks and key performance indicators (KPIs) on the following:
The benefits of ensuring compliance are clear: encouraging responsible business practices, increasing employee retention, enhancing transparency for stakeholders and delivering information increasingly being inspected investors.
Those not acting, are attracting negative attention from stakeholders, analysts and reporting regulators.
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