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The UK has responded to the growing demand for non-financial information in UK corporate reporting, by introducing measures to increase and improve the public disclosures entities make. In 2013, the UK introduced the requirement for certain entities to produce a strategic report, an ambitious change which required directors and boards to take a broad range of issues into account in the running of their company, including on social and environmental matters.<\/p>

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These requirements were expanded in 2016, through the introduction of additional disclosure requirements for all large Public Interest Entities (PIEs), to require a description of the principal risks relating to social and environmental matters. In addition to this, and where relevant, the entity must also include a description of the business relationships, products and services which are likely to cause adverse impacts on risks relating to social and environmental matters, and provide a description of how the entity manages those risks.<\/p>

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More recently, in 2022, the UK became the first country in the G20 to mandate large public and private businesses to report their climate-related financial disclosures in line with the framework set out by the Task Force for Climate-related Financial Disclosure, including their exposures to climate change-based risks.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4414", "label" : {"_value" : "Biography information for Paul Scully"} } , "answeringMemberConstituency" : {"_value" : "Sutton and Cheam"} , "answeringMemberPrinted" : {"_value" : "Paul Scully"} , "dateOfAnswer" : {"_value" : "2022-03-29", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2022-03-29T15:23:20.487Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "201"} , "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "date" : {"_value" : "2022-03-21", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Overseas Companies: Risk Assessment"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department has taken to ensure the UK has a strong disaster risk disclosure for UK licenced companies that work internationally.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4738", "label" : {"_value" : "Biography information for Alyn Smith"} } , "tablingMemberConstituency" : {"_value" : "Stirling"} , "tablingMemberPrinted" : [{"_value" : "Alyn Smith"} ], "uin" : "143791"} ], "itemsPerPage" : 10, "page" : 0, "startIndex" : 1, "totalResults" : 1, "type" : ["http://purl.org/linked-data/api/vocab#ListEndpoint", "http://purl.org/linked-data/api/vocab#Page"]} }