The Financial Reporting Council (FRC) is the UK regulator charged with overseeing company reporting. In this document, ClientEarth responds to the FRC's consultation on its priorities and plans for the coming year.

The Companies Act 2006 is a comprehensive code of UK company law. It codified existing company law, but also introduced new legal requirements for UK companies. Under the act, many UK-registered companies are now required to report annually on various environmental and social matters associated with their businesses. But ClientEarth believes that implementation of these requirements is lacking, and that the intentions underpinning these requirements are not being well served. We think a number of regulatory actions are necessary for the law to be properly implemented, and to ensure that companies comply with these new and vital legal requirements.

In this document, we detail what we think the FRC needs to do to ensure that the environmental and social reporting requirements of the Companies Act 2006 are properly implemented, and that companies comply with legal requirements.

Size 235 KB
Published March 23, 2010
Found in Rule of law