The U.K. Financial Reporting Council (FRC) earlier this month published a paper setting out how companies’ environmental, social, and governance (ESG) reporting should be improved.

The FRC is concerned that as regulations change (not just in the United Kingdom, but internationally), so too does the quality and consistency of ESG reporting.

Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management, corporate governance, internal audit, compliance, and legal...