| Title |
Corporate Non-Financial Reporting in the UK: Diversions from the EU Sustainability Reporting Framework |
| ID_Doc |
63649 |
| Authors |
Lin, WW |
| Title |
Corporate Non-Financial Reporting in the UK: Diversions from the EU Sustainability Reporting Framework |
| Year |
2022 |
| Published |
Sustainability, 14, 15 |
| DOI |
10.3390/su14159134 |
| Abstract |
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. |
| Author Keywords |
sustainability reporting; non-financial reporting; the corporate sustainability reporting directive; responsive risk-based regulation |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Science Citation Index Expanded (SCI-EXPANDED); Social Science Citation Index (SSCI) |
| EID |
WOS:000840201600001 |
| WoS Category |
Green & Sustainable Science & Technology; Environmental Sciences; Environmental Studies |
| Research Area |
Science & Technology - Other Topics; Environmental Sciences & Ecology |
| PDF |
https://www.mdpi.com/2071-1050/14/15/9134/pdf?version=1658823512
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