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en/uk-friends-of-the-earth-may-seek-judicial-review-of-govt-decision-not-to-introduce-new-reporting-requirements-for-listed-companies-on-social-environmental-issues#c29683

Ecologists seek U-turn on move to cut red tape [UK]

Author: Mark Milner, Guardian [UK], Published on: 8 December 2005

Friends of the Earth said yesterday that it may seek a judicial review of the [UK] chancellor's decision...to scrap rules forcing listed firms to report in detail on social and environmental issues. It called Mr Brown's decision...unlawful because it was "procedurally unfair, irrational/perverse, a breach of legitimate expectations and based on material errors of fact"...a [UK treasury] spokesman said: "...It is pressure from shareholders, the public, NGOs and government, rather than mandatory reporting in itself, which drives companies to improve their social and environmental performance."

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