The government has today opened up a new front in its review of the UK’s regulatory landscape, with the formal launch of a Call for Evidence on the future of non-financial reporting, including climate-related corporate reporting.

The Department for Business and Trade said the Call for Evidence would shape the Smarter Regulation Non-Financial Reporting Review, which it is conducting in conjunction with the Financial Reporting Council.

The wide-ranging review is to assess the non-financial reporting requirements UK companies need to comply with to produce their annual report and meet broader requirements that sit outside of the Companies Act. It will also consider if current company size thresholds that determine certain non-financial reporting requirements remain fit for purpose.

“Our departure from the EU allows us to shape rules and processes so that they work for the UK’s specific circumstances, including for non-financial reporting,” the government said.

The Call for Evidence stressed

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