Almost half of companies now value success factors beyond profit, Deloitte said in its Annual report insights 2019.

Other priorities included in annual reports are climate change and social impact. More than half of companies make reference to climate change in their reports, even where they don’t include the environment as a priority.

Veronica Poole, global IFRS leader and UK head of corporate reporting at Deloitte UK, said: “Climate change is likely to have a profound impact on business and on us as individuals. It will lead to significant market corrections and changes in the coming years. Failure by business to respond to the risks has significant implications”.