New Reporting regulations

Companies need to produce Business Review as part of the requirements of the AMD regulations. The non-financial reporting requirements of the Business Review are recommended for medium-sized companies but are mandatory for companies defined by the regulation as large. 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 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 determine and report on their environmental performance using appropriate KPIs. The Guidelines outline how environmental impacts can be measured through KPIs—in many cases making use of standard business data that may already be collected—and how to report them. An important finding is that 80% of companies need to report five or fewer environmental KPIs.

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 environmental issues to report on for the AMD. Clients include Avis, Christian Salvesen, Legal & General, Prudential and Royal Mail. We help companies decide which aspects of their impact on the environment are relevant and design appropriate KPIs in accordance with the Government’s Guidelines. We have an in-depth understanding of the AMD and its expected outcomes.

The Workshop

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

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