The FRC prompts boards, companies, and auditors to improve responses to climate change challenges through improved governance structure and narrative reporting.
By Paul A. Davies and Michael D. Green
On 10 November 2020, the Financial Reporting Council (FRC) published its findings (the Report) on its thematic review undertaken in 2020, concerning climate-related considerations that various stakeholders take into account. The Report focuses on boards, companies, auditors, professional bodies, and investors, as these actors help drive appropriate reporting to the market and thus ‘play important roles in delivering society’s climate ambitions’.