You must discuss pupil progress with parents
For each year group, you must provide at least 1 opportunity per year for parents or carers to discuss their child's progress with a teacher.
This requirement is set out in Regulation 6 of The Education (Pupil Information) (England) Regulations 2005.
Check your funding agreement, as that'll tell you your requirements for reporting to parents.
The DfE's model funding agreement explains that the requirements for maintained schools also apply to academies (see paragraph 2.28 of the master academy and free school funding agreement, and 2.55 of the mainstream: single funding agreement) – but check whether your funding agreement differs.
It's up to you to decide how to meet your requirements
You're allowed to meet your obligations with a virtual parents evening, as long as parents can