FTSE 100 Companies act on the UK Corporate Governance Code
Major UK-listed companies are embracing transparent reporting, sustainability and strong corporate governance as central pillars of their businesses, and implementing many of the UK Corporate Governance Code provisions, according to a benchmarking study of FTSE 100 company Annual Reports.
But though the reporting picture across blue chip companies is a vast improvement on practice five years ago, many still struggle to tell their story effectively, says study author Black Sun.
On the positive side, the narrative quality of Annual Reports has improved, with 72% of companies giving a detailed discussion of their strategy and a quarter giving an analysis of their business model- up 12% from last year.
The 68% of companies which claim sustainability is integral to or complements their group strategy grew by 15 percentage points on the previous year.