Bloomberg Law
July 7, 2021, 3:52 PM

U.K. Watchdog Points to Firms’ Sparse Use of ESG Reporting Rules

Michael Kapoor
Michael Kapoor
Freelance Correspondent

Only a handful of the U.K.’s largest companies follow official advice to use recognized sustainability reporting standards, according to a new report by the accounting watchdog.

The Financial Reporting Council said Wednesday that the U.K. lagged well behind the U.S. and Canada in use of the voluntary Sustainability Accounting Standards Board rules. As of January, 38, or fewer than 40% of FTSE 100 companies used SASB standards, and very few smaller firms used them.

  • Just 54 U.K. companies used SASB, compared with at least 89 in Canada and 521 in the U.S., according to ...