Current Projects

The Financial Reporting Lab (Lab) has the following major projects underway at the moment:
 

Cyber, Digital and Data risk - As part of the Lab’s recent project on reporting on risks, uncertainties, opportunities and scenarios, we found that companies face increasingly complex risks around digital processes, systems and data. The increase in risk is driven by changing business models, increased use of data, and the COVID-19-accelerated digital transformation of operations.
 
Following the publication on the report, the Lab is inviting companies, investors and interested parties to participate in a new project that seeks to understand the specific process and disclosure areas emerging around Cyber, Digital & Data risk. This project will consider how company processes are changing and how that is, or might, translate into useful external disclosures. 

If you are interested in taking part in this project, please contact Andrew Hyland via FRCLab@frc.org.uk.


ESG data production - As explained in the FRC’s ESG statement of intent, one of the challenges around ESG disclosures is that the systems to produce, distribute and consume ESG data are significantly less mature than those for financial information.
 
In this context, the Lab is inviting companies, service and systems providers, investors and other interested parties to participate in a new project looking at how companies produce ESG data. Contact the Lab at FRCLab@frc.org.uk if you are interested in taking part.

 
Net Zero disclosures -- As part of global efforts to combat climate change, companies are increasingly making net zero commitments. Interest in disclosures on these plans is growing. As explained in the FRC’s ESG statement of intent, reporting is often aspirational and high level, and does not provide users with information about progress and whether the entity’s strategy will deliver the commitment.

In this context, the Lab is starting a project about how information on net zero commitments is reported on by companies and used by investors. Contact the Lab at FRCLab@frc.org.uk if you are interested in taking part.