The UK Financial Reporting Council (FRC) issued its guidance relating to human rights reporting for listed companies in the UK today.
The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013, which became effective on October 1, 2013, requires UK listed companies to prepare strategic reports that include, to the extent necessary for an understanding of the development, performance or position of the company’s business, information about: environmental matters; the company’s employees; and social, community and human rights issues, including information about any policies of the company in relation to those matters and the effectiveness of those policies. The FRC’s Guidance suggests possible disclosures for listed companies based on recommendations in the UN Guiding Principles on Business and Human Rights.
See our submission to the FRC on its draft guidance | See all our resources on corporate disclosure on human rights
