Since 2006, when the new law came into place in the UK, companies had to communicate their environmental information in their annual business reviews. Reports should be made in accordance with the guidance of the government.
Back in 2003, the DEA has been asked by the government to assess the environmental information in the statutory annual report and accounts of the FTSE All-Share companies listed on the London Stock Exchange. The objective was to establish a base before the new law companies became law in 2006 and therefore a method was determined for future valuations.
Since the initial assessment in 2004 percent of the FTSE All-Share companies report their environmental information has increased from 89% to 99% in the Summary Statement of the environment 2009-2010.
Companies must be based on quantifiable environmental KPIs (key performance indicators), which was determined by DEFRA (Department for Environment Food and Rural Affairs) 2006 Reporting Guidelines for UK Business.
The most important environmental KPI is a collection of reviews of where the business 89% of companies surveyed, followed by pollution (79%), climate change (62%), environmental management systems (61%), the use energy and biodiversity, land use, and tied 57% each.
Between 2006 and 2009-2010, the number of companies reporting their environmental impact greatly increased. Growth was highest in the discussion of biodiversity / land use and climate change, after which the energy and waste management.
"89% of the 458 companies analyzed is responsible for waste management in the period 2009-2010, an increase of 76% in 2004. Increased the majority in the health sector, utilities and oil and gas companies. since 2004. Prices of discussion were the highest value (100%) and lower oil and gas companies (75%).
Such an increase is partly due to the introduction of the WEEE Directive in 2007. Directive Waste Electrical and Electronic Equipment affect manufacturers, distributors and recyclers of electrical and electronic equipment, including appliances. The aim is to prevent WEEE, promote reuse, recycling and recovery of WEEE and to improve the environmental performance of all operators involved in the life cycle of electrical and electronic equipment, especially those dealing with WEEE.
After a high percentage of the FTSE All-Share companies to disclose information about their waste and only 6% do so in accordance with government guidelines. In comparison, 34% of FTSE 350 companies disclosed information as directed by the reports.
How a society deals with relationships and waste can degrade its performance. Most businesses can reduce waste and increase reuse and recycling to improve the efficiency of resources, monitoring their treatment and disposal. These data can be used to reduce the effects, improve processes, reduce costs and support regulatory compliance.