FRC Lab publishes report on reporting on stakeholders, decisions and S172
News types: Corporate Reports
Published: 19 July 2021
This report outlines what investors want to see reported in these areas and provides examples from current reporting practice that reflect possible helpful ways of addressing these needs. The report builds on the tips on Section 172 statements published in October 2020.
Alongside the report, the Lab has published a summary of the questions for companies to consider in determining what information to report on stakeholders and decisions which meets investors’ needs.
A podcast is also available where the Lab’s project manager, Marie Claire Tabone, speaks to Freddie Woolfe, Global Sustainable Equities Analyst at Jupiter Asset Management and Helen Price, Stewardship Manager at Brunel Pension Partnership. They discuss the importance of linking information on stakeholders and decisions to strategy and the long term success of the company.
Phil Fitz-Gerald, Director of the Lab, said:
“There are increasing calls for better information on how companies are having regard for their stakeholders and how key decisions take their perspectives into account. Our discussions with investors highlighted the importance of providing information that reflects a two-way consideration of stakeholders, especially in respect of decisions and their outcomes for both the company and its stakeholders.”