The Financial Reporting Council (FRC) has launched a survey into the use of scenario analysis by FTSE 350 companies as part of its latest research project.
The regulator’s aim is to discover more about the processes through which companies develop their scenario analyses, as well as learn how outcomes impact strategic planning going forward.
An online survey has now launched, which represents the project’s first stage, and is accessible via the FRC’s website.
Alliance Manchester Business School (AMBS) at the University of Manchester is overseeing the project, whose research team has prior experience in public and private-sector research collaborations.
In a statement, the FRC said: “Recognising that use of scenario analysis in climate-related reporting is a relatively recent development, the project will investigate both climate and non-climate applications of scenario analysis.
“In doing so, the research will cover a broader range of companies from which robust and relevant findings can be drawn.”
It added: “The AMBS team will survey FTSE 350 companies initially with a questionnaire, followed by in-depth interviews with relevant teams and individuals from a representative sample of companies.
“The extent of scenario reporting in 2020/21 annual reports will also be analysed.”