“The Business Review requirements have provided a welcome regulatory context to corporate responsibility”
Jonathan Ellwood
Corporate Responsibility Manager
In prior years, what and how we reported and quantified our emerging Corporate Responsibility Programme was, to a large degree, discretionary and, as we have no marketplace peers, we do not copy, we lead.
By engaging with our key stakeholders we were able to focus on key areas of interest and work on acquiring, analysing and reporting, with progressively greater degrees of granularity, data to benchmark and quantify our performance.
The new Companies Act, particularly the Business Review requirements has provided a welcome regulatory context to corporate responsibility
An effect of this is that companies will find it harder to hide from hard facts or to ‘spin’ or mitigate the potential discomfort of real and true transparency.
Our Corporate Responsibility Programme adds value in terms of underpinning the sustainability of our business performance and providing comfort to our stakeholders.
We believe it important that this value be quantified and the combination of narrative description with transparent quantification is an attractive and credible one which encourages continuous improvement in how we conduct our business.
I very much look forward to further developing and refining our Corporate Responsibility Programme as we move forward to another period of positive change.