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Environmental Disclosures Summary
09 May 2011
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Key Findings
- 99% of companies made some reference to an environmental topic in their 2009-2010 annual reports.
- 67% of FTSE All-Share companies are reporting quantitatively on their environmental impacts.
- 36% of the environmental disclosures were made in audited sections of the annual report and accounts.
- Quantitative disclosures follow Government guidelines most frequently for climate change and energy use (22%).
- The biggest percentage increase in environmental topics discussed between 2006 and 2009-2010 was for environmental management systems (EMS).
- Discussion of pollution, biodiversity/land use, and environmental procurement increased significantly on 2006 levels. 57% of companies now refer to biodiversity or land use, and 33% made a reference to environmental procurement.
- Over two-thirds of FTSE All-Share companies report quantitatively on at least one of three environmental key performance indicators (KPIs) that are relevant to most businesses - carbon dioxide emissions, water use and waste.
Extract
More FTSE All-Share companies are providing environmental information in their statutory annual reports and accounts. However, the information provided varies between companies, and more standardised information would be useful to help decision taking for their customers, shareholders, investors and other stakeholders.
This summary provides highlights of the Environmental Disclosures report, which assess environmental reporting in 2009-2010 by over 450 companies listed in the FTSE All-Share. Under the Companies Act 2006, listed companies are required to include environmental matters in Business Reviews as part of their statutory annual reports and accounts where relevant. The study shows how the level and quality of environmental reporting has changed since the previous reviews in 2004 and 2006.
Why did the Environment Agency commission the research?
In 2003 the Government asked the Environment Agency to assess environmental disclosures in the statutory annual report and accounts of FTSE All-Share companies listed on the London Stock Exchange. The aim being to establish a 2004 baseline before the new Companies Act became law in 2006 and to repeat the assessment using the same methodology in 2006 and again in 2009.
Report image: Disclosure of quantitative data
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