Companies should disclose pay ratios in their annual reports, according to the UK Sustainable Investment and Finance Association (UKSIF). The trade body said this is a material statistic for investors as it can indicate quality of people management and affect the reputation of companies and industries.
UKSIF was responding to the government’s consultation on ‘The Future of Narrative Reporting’ which closes today. UKSIF also highlighted the need for companies to explain more clearly which social, environmental and governance factors are shaping their business strategies and how these may affect their future business success.
Read the full press release.
Read our consultation response.