Companies: Regulation

(asked on 19th December 2023) - View Source

Question to the Department for Business and Trade:

To ask His Majesty's Government what support they provide to UK businesses so that, in the process of meeting their environmental, social and governance obligations, they are still able to meet their core business objectives.


Answered by
Lord Offord of Garvel Portrait
Lord Offord of Garvel
Parliamentary Under Secretary of State (Department for Business and Trade)
This question was answered on 4th January 2024

The Government aims to ensure any reporting obligations for companies are proportionate; with benefits that outweigh their costs. This includes reporting on environmental, social and governance matters. The Government is undertaking a review of non-financial reporting with a view to simplifying reporting requirements and reducing unnecessary burdens. It will also ensure that businesses continue to provide necessary transparency on environmental, social and governance matters to investors and other stakeholders.

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