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Social And Environmental Reporting

Volume 400: debated on Tuesday 4 March 2003

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To ask the Secretary of State for Trade and Industry what plans she has to make social and environmental reporting mandatory for medium and large companies. [99263]

The Government's plans for a revised reporting regime for all companies were contained in the White Paper "Modernising Company Law" (Cm 5553), published in July 2002. This included the proposal that economically significant companies should be required to prepare an Operating and Financial Review as part of their annual financial statements and reports. The Review would include information on social and environmental matters where those were relevant to an informed assessment of the company. We intend to bring forward legislation as soon as Parliamentary time permits.