Best practice examples on sustainability reporting from 2023-24
This Best Practice Guide collates examples with reporting insights on Climate, TCFD, Environmental & Sustainability for 2023-24 Annual Reports and Accounts
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HM Treasury sets requirements for central government annual reports – including on environmental and climate performance reporting.
The Task Force on Climate-related Financial Disclosures (TCFD) recommendations identify key climate-related information for decision-making and accountability purposes. HM Treasury has mandated TCFD–aligned disclosure in central government annual reports and accounts (ARAs) with a three-year phased implementation which commenced in 2023-24.
Minimum disclosure requirements for 2023-24 are set out by the TCFD-aligned disclosure Application Guidance. This guide identifies and evaluates good practice1 examples in TCFD and existing climate and environmental reporting practices. This guide is aimed at those preparing sustainability-related information in ARAs and should be used to inform the development of sustainability reporting.
The good practice examples are not intended as templates. Instead, they should be used to inspire, to expand, and to improve an organisation’s own disclosures. Flexibility in reporting allows organisations to decide how best to communicate the right information to users.
[1] Good practice and best practice have been used interchangeably in this document. Good and best practice in ARAs can take different forms. The flexibility in reporting frameworks means there is naturally some variation in, and a range of approaches to, effective disclosure.