New Reporting regulations

The Operating and Financial Review (OFR) regulations require UK quoted companies to report on environmental issues for the first time. For many companies this is unfamiliar territory. The reporting of environmental Key Performance Indicators (KPIs) may be just as important as more traditional financial KPIs to shareholders and inadequate reporting could expose directors to personal liability.

New Government Guidelines

New reporting Guidelines have been developed by Defra and Trucost to help companies report on their environmental performance using KPIs. The Guidelines set out the means by which businesses can establish relevant environmental KPIs for their OFR. They define 25 KPIs, describe how these should be measured and reported, and map these to business sector types.

Let Trucost do the work

Trucost has a proven system used by FTSE 100 and other leading companies, that provides directors with a means of determining the appropriate issues to report on for the OFR. Clients include Avis, Christian Salvesen, Legal & General, Prudential and Royal Mail. We can help companies decide which aspects of their impact on the environment are relevant and design appropriate KPIs in accordance with the Gov-
ernment’s Guidelines. We have an in-depth understanding of the OFR regulation and its expected outcomes.

The Workshop

This half day training workshop held at our offices in central London will:

• Introduce the requirements of the OFR
• Identify the environmental impacts associated with your sector
• Describe the increased role of auditors
• Identify efficient ways of collecting and aggregating the relevant data
• Identify Key Performance Indicators that should be considered for your OFR
• Produce a road map towards OFR compliance