Shortfall in FTSE environmental disclosures
July 15, 2004
Less than a quarter of FTSE All-Share companies make any quantitative environmental disclosures in their annual reports and accounts, despite new industry department regulations calling for this from January 2005.
A study commissioned by the Environment Agency before the introduction of mandatory Operating and Financial Review regulations found that most reports lacked depth, rigour and quantification and few let shareholders assess properly environmental risks or opportunities.
The Financial Times website has further information.
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