---
title: "Value to investors of non-financial reporting: early market engagement"
ocid: "ocds-b5fd17-dac9e4ae-6883-4e38-ba60-c05a29c68778"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-dac9e4ae-6883-4e38-ba60-c05a29c68778"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-dac9e4ae-6883-4e38-ba60-c05a29c68778.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-dac9e4ae-6883-4e38-ba60-c05a29c68778.json"
source: "Contracts Finder"
current_stage: "Planning"
buyer: "BUSINESS ENERGY AND INDUSTRIAL STRATEGY"
published: "2022-08-17"
---

# Value to investors of non-financial reporting: early market engagement

Buyer: BUSINESS ENERGY AND INDUSTRIAL STRATEGY  
Current stage: Planning  
OCID: ocds-b5fd17-dac9e4ae-6883-4e38-ba60-c05a29c68778

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## Summary

The Business Frameworks Directorate in the Department for Business, Energy and Industrial Strategy (BEIS) is planning a tender titled "Value to investors of non-financial reporting: early market engagement" in the social research services industry. The contracting authority, Business Energy and Industrial Strategy, located at 1 Victoria Street, London, SW1H0ET, England, is seeking to understand the value investors place on non-financial reporting requirements. The procurement stage is in the planning phase, with the engagement end date set for 26th September 2022.

This tender provides an opportunity for businesses, particularly those in social research services, to engage with BEIS in conducting research on non-financial reporting value to investors. Small and medium-sized enterprises (SMEs) are well-suited for this tender. BEIS aims to discuss the requirement during a pre-market supplier day on 26th September 2022, potentially leading to individual discussions with suppliers about the specification. Interested parties can register on the Research Insights Framework, a Dynamic Purchasing System agreement, to participate in this tender opportunity.

## Notice

The Business Frameworks Directorate in the Department for Business, Energy and Industrial Strategy (BEIS) wishes to understand what value investors place on non-financial reporting requirements in the Companies Act 2006. There has been growing interest from lobbyists and stakeholders in requiring companies to provide information on how their activities impact on wider society; and how companies could be used to deliver societal change. This has led to companies being required, via the Companies Act, to provide non-financial reporting (NFR) to allow stakeholders to assess a company's performance against several key areas. Whilst it is difficult, but feasible, to assess the costs for companies to produce this information, it has been challenging to quantify the benefit to users given that the information is provided freely. In the absence of a market for non-financial information, non-market valuation techniques are required to estimate benefits. Investors are seen as an important group driving non-financial reporting disclosures as they perceive NFR activity by preparers as a sign that preparers are engaging in risk management activity . For example, the "logic model" for non-financial reporting assumes that : * Users receive relevant and useful NFR information, * Users better understand non-financial risks, and some decisions, e.g. investment decisions, change in scope, timing or scale, as a result of this information; and results in * More informed investment, business or other decisions that lead to better social outcomes. Therefore, the NFR "narrative" places those that make investments, i.e. investors who are mainly intermediaries, as the agents by which social outcomes would be transformed by NFR. The aim of this research is to assess the extent to which this assumption is correct: in particular whether those who make investment decisions place a positive, and significant, value on NFR, and on what NFR in particular. The research will also consider direct and indirect channels for generating value. For example, NFR may add value directly through better risk management and lower costs; or indirectly through a better brand, which people are willing to pay more to "buy" into. The population of interest is investors. The group of investors should be representative of the market and include a mix of active and passive investors . Identifying the population of investors is likely to be the most challenging part of the brief and we would like to discuss ideas with potential bidders during the early market engagement. Following the early market engagement event, we would welcome individual discussions with suppliers to discuss the specification in more depth. Bidders should consider in their bids whether it would be desirable to include at least one financial reporting attribute in the attribute set to provide an accurate valuation of NFR attributes. Additional information: BEIS are undertaking a pre-market supplier day to discuss this requirement with anyone interested in being involved. The session will be held on 26 September 2022 @ 14:00hrs (2pm). If you're interested please contact Neil Golborne, email: Neil.Golborne@beis.gov.uk who will forward contact information. We are looking to procure this through the Research Insights Framework. Since this is a Dynamic Purchasing System agreement anyone interested can register to be on the framework agreement and so have an opportunity to submit a tender. To register on DPS - to see guidance on how suppliers can join the framework, please visit the following link https://supplierregistration.cabinetoffice.gov.uk/dps# and scroll down the page until you see the Marketing Communications section. If you encounter problems accessing this please contact Crown Commercial Service on 0345 410 2222.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/40e348f5-a903-4bf2-8bd6-3f0ca8879f26 |
| Notice type | Market Engagement Notice |
| Procurement type | Dynamic, Framework |
| Procurement category | Not specified |
| Procurement method | Not Specified |
| Procurement method details | Not specified |
| Tender suitability | SME |
| Awardee scale | Not specified |
| All stages | Planning |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 17 Aug 2022 |
| Submission deadline | Not specified |
| Future notice date | 26 Sep 2022 |
| Award date | Not specified |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Planning |
| Lots status | Not specified |
| Awards status | Not specified |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | BUSINESS ENERGY AND INDUSTRIAL STRATEGY |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1H 0ET |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## CPV Codes

### Divisions

- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 79315000 - Social research services

## Release History

- 17 Aug 2022 at 12:35 - Planning - Market Engagement Notice - https://www.contractsfinder.service.gov.uk/Notice/40e348f5-a903-4bf2-8bd6-3f0ca8879f26

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/40e348f5-a903-4bf2-8bd6-3f0ca8879f26
  17th August 2022 - Early engagement notice on Contracts Finder

## Notice URLs

- https://supplierregistration.cabinetoffice.gov.uk/dps#
- https://www.gov.uk/government/organisations/department-for-business-energy-and-industrial-strategy

## Provenance

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