The U.K. Financial Reporting Council (FRC) released guidance on how companies can collect and use environmental, social, and governance (ESG) data to inform better decision-making.

The corporate governance regulator has long had concerns over the way companies and boards fail to identify and use nonfinancial information to understand long-term risks to business, as well as potential opportunities.

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...