FRC reports on materiality

The FRC Lab has issued a series of reports looking at how companies can improve their reporting by taking a more focused, strategic approach to assessing materiality.

"Materiality in practice: applying a materiality mindset" encourages companies to think holistically about what information is material to their stakeholders when preparing annual reports. It provides practical suggestions and examples for identifying material issues, where reporting could be streamlined and prioritising key messages.

Think about investor needs and decision-making”  helps companies to understand how investors use information to make decisions and will help boards and management when making materiality assessments.

The series of papers is available here.

The FRC has also outlined its commitment to working with stakeholders on this topic in its statement on the FRC’s approach to materiality.

Published 1 November, 2023