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Corporate non-financial reporting in the UK: diversions from the EU sustainability reporting framework

Lin, W. (2022) Corporate non-financial reporting in the UK: diversions from the EU sustainability reporting framework. Sustainability, 14 (15). 9134. ISSN 2071-1050

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To link to this item DOI: 10.3390/su14159134

Abstract/Summary

In late 2019, the European Union presented the EU Green Deal, which targets climate neutrality by 2050. Under the EU Green Deal’s Corporate Sustainability Reporting Directive (CSRD), a clear sustainability reporting and assurance framework was proposed as a significant aspect of the EU Sustainable Finance Package in 2021. However, because of its exit from the EU in 2020, the UK will cease to adopt EU legislations and will have to produce its own laws to achieve climate neutrality. Against this backdrop, the purpose of this paper is to explore how best to improve the non-financial reporting mechanism in the UK, in order to assist the UK in transitioning to a more sustainable economy. This paper investigates the unique challenges for non-financial reporting in the UK caused by Brexit, and the significance and effectiveness of risk-based regulation approach in the UK. The paper proposes a ‘really responsive’ industry-based non-financial reporting framework for the UK to address its unique challenges.

Item Type:Article
Refereed:Yes
Divisions:Arts, Humanities and Social Science > School of Law
ID Code:106486
Publisher:MPDI

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