Include Social and Environmental Data in New Operating and Financial Reviews

Directors should include high-level disclosures of their corporate social and environmental performance and policies in the new Operating and Financial Review, says ACCA (the Association of Chartered Certified Accountants).

Responding to the Government's publication last week of a consultation document on what information should be included in the OFR, ACCA believes guidance to directors needs to be clearer on the issue of external stakeholder concerns, not just those of shareholders.

Social and environmental reporting is currently located largely outside the annual report and accounts. Approximately 70% of the FTSE 100 produce such stand alone reports. The problem is that, with the exception of the small socially responsible investment (SRI) community, the mainstream investment institutions pay little attention to these voluntary disclosures.
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