The company will issue (their, its) annual report next month.
In this case, should I use “its” or “their”?
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Both its and their are pronouns. While its is a singular pronoun, their is a plural pronoun.
A company is a collective noun. In AmE, Company takes a singular verb form and singular pronoun. While in BrE, Company takes a plural verb form and plural pronoun.
So, depending on that, both are correct.
In AmE:
The company will issue its annual report next month.
In BrE:
The company will issue their annual report next month.