Stephen Kinnock – 2016 Parliamentary Question to the Department for Business, Energy and Industrial Strategy

The below Parliamentary question was asked by Stephen Kinnock on 2016-10-07.

To ask the Secretary of State for Business, Energy and Industrial Strategy, what discussions he has had with the Financial Reporting Council on ensuring that companies follow the law when reporting on climate risk.

Margot James

The law requires company directors to consider, amongst other matters, the impact of their business on the environment. The Annual report is where the directors must demonstrate their consideration of this in the disclosures they make, both on environmental matters and risks. The Financial Reporting Council, operating under delegated powers from my right hon. Friend the Secretary of State, ensures legislation on the content of the annual report is adhered to by companies required to produce one.