In 2016, the UK government set up an independent Advisory Group to answer an important question: How can the providers of savings, pensions and investments engage with individuals to enable them to support more easily the things they care about through their savings and investment choices?
Better Reporting of non-financial outcomes was identified as one of five action areas in the Advisory Group’s report Growing a Culture of Social Impact Investing in the UK, published in November 2017.
As part of the Implementation Taskforce commissioned by the UK Prime Minister to carry recommendations forward, the Better Reporting Working Group is providing leadership to develop clear options for organisations to coalesce towards a harmonised approach for reporting their impact on people (social impact) and planet (environmental impact).
Options will be developed with consideration for the broad range of experiences and perspectives on social and environmental impact reporting, across investor, investee and wider stakeholder communities.
It is imperative for these options to acknowledge and draw on the extensive work done in this area already, and this work should not be seen as an exercise to create a new framework.
For this reason, the Working Group has launched a call for evidence across the investor, investee and wider stakeholder communities, to gather the latest insights and perspectives on approaches to social and environmental impact reporting. The call for evidence is now live and will close on 30th June
. Responses will provide input towards an interim report to Government in the Summer and directly inform the next phase of work.
To visit the Taskforce's website and respond to the call for evidence please click on the link below.
Learn more here