The need for greater transparency among business has come to the fore as society’s expectations continue to change. It is especially important for the financial services sector which has a huge responsibility – and opportunity – to support the delivery of societal priorities such as the United Nations (UN) Sustainable Development Goals. With our sustainability reporting, we aim to meet best practice standards and guidance as set out by global initiatives such as the Global Reporting Initiative (GRI) and UN Global Compact.
Our sustainability reporting has come to fulfill a multitude of purposes and requirements – making it an important but challenging opportunity. The EU Directive on disclosure of non-financial and diversity information by certain large undertakings and groups (2014/95/EU) has introduced new rules for the disclosure of non-financial information from the 2017 Fiscal Year onwards. To meet these legal requirements, we have published a separate non-financial report alongside our 2017 annual report.