Separate reporting of non-financial information rejected
10 November 2016
Annual reports should contain information on a firm’s environment and social impacts and risks, the government has concluded.
In its response to a consultation on transposing the EU Non-Financial Reporting Directive, the Department for Business, Energy and Industrial Strategy (BEIS) has confirmed that it will not require firms to produce separate reports on non-financial issues up to six months after publication of the management report and accounts.
BEIS said the majority of respondents (31 out of 36) to its consultation believed a delay between the publication of the accounts and non-financial information would not be helpful in giving shareholders a holistic picture of the business.
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