Transparency – the disclosure of internal corporate information to the public – is shaping legislation and regulation across the business landscape. In recent years, the UK has introduced mandatory business reporting on issues as diverse as the gender pay gap; modern slavery in supply chains; supplier payment terms and beneficial ownership.
Osborne Clarke’s joined up approach to the transparency agenda helps businesses manage the risks – and exploit the opportunities – triggered by a transparency disclosure across four themes: the workforce, the supply chain, ownership and the environment.
In the context of the environment, transparency is being used to collect data around emissions and energy use as well as encourage better investment decisions and pricing of environmental risks.
Companies are already obliged to include information about the general impact of the business on the environment in their annual report and accounts and UK quoted companies are mandated to report on their greenhouse gas emissions. The public reporting net is set to widen from April 2019 when the UK introduces its new streamlined energy and carbon reporting framework which will require all large UK companies and LLPs to publicly report on their annual energy usage.
Find out more about how the transparency agenda is driving regulation in respect of the environment – and how Osborne Clarke can help.