The U.K. Financial Reporting Council announced it will begin reviewing the extent to which U.K. companies and auditors are responding to the impact of climate change to ensure reporting requirements are being met.
“Auditors have a responsibility to properly challenge management to assess and report the impact of climate change on their business,” said FRC CEO Sir Jon Thompson. “The FRC has high standards for company disclosure, including regarding climate change. Company reports and accounts are essential to understanding how the corporate world is responding to the challenge of climate change.”
