Sustainability reporting anxiety mounts among UK firms
Worryingly, 38% of UK sustainability decision makers admit they are “not clear” on what they should be reporting on.
UK companies are overwhelmed about sustainability reporting, unsure what they are expected to report on and concerned that this may harm their reputation and finances, according to a new survey.
More than half (55%) of sustainability heads think current reporting requirements are too complex in the UK, with 46% reporting to three or more different frameworks, among which the Carbon Reduction Plan (CRP) and the Energy Saving Opportunity Scheme (ESOS). This rises to as many as eight frameworks for firms in heavily regulated sectors like professional services, financial services, healthcare, and technology.
