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BUSINESSES URGED TO DISCLOSE ENVIRONMENTAL DATA

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While the majority of Britain’s biggest publicly-listed businesses are now disclosing information about their environmental performance on an annual basis, more companies are being urged to come forward.

According to new Environment Agency-led research unveiled this week, only a minority of companies are providing environmental statistics in line with Government guidance and the quality of information is still very varied and in some cases ‘basic’.

Statistics released by the Agency show that 99% of companies made a reference to an environmental issue in their 2009-2010 annual reports and accounts, while 67% of companies surveyed reported on at least one of three environmental key performance indicators – carbon emissions, water use and waste disposal.

The Environment Agency is now urging all UK businesses to report on their emissions, their energy and water usage and their environmental fines.

“More businesses are being open about their environmental risks, but it is a concern that there is still a wide variation in the quality of reporting and that less than one in three businesses surveyed provided data in line with DEFRA guidance,” said Environment Agency Chief Executive.

“The increasing financial significance of many environmental risks and opportunities means that now more than ever investors need clear, comparable environmental information to help them decide where to invest their money. Businesses that measure their environmental impacts and risks are also better placed to manage and reduce them.”

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Written by Andrew Hodges

May 18, 2011 at 2:27 pm

Posted in Comment, LinkedIn

Tagged with , ,

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