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UKSustainabilityReportingStandards(UK SRS)

A plain-language guide to the UK's proposed sustainability disclosure standards.

UK SRS is the UK's adoption of the ISSB sustainability standards (IFRS S1 and S2). Use this overview to understand what the standards cover, who is in scope, and how the timeline could unfold.

Sustainability illustration

UK SRS overview:

  1. 01
    What is UK SRS?
  2. 02
    What S1 and S2 cover
  3. 03
    Who may need to comply
  4. 04
    Timeline and roadmap
  5. 05
    FAQs

What is UK SRS?

UK Sustainability Reporting Standards (UK SRS) are the UK's proposed sustainability disclosure standards based on the ISSB's IFRS S1 and S2. They aim to standardise how organisations report sustainability-related financial information in the UK.

S1 + S2
ISSB-based

Expected to align with IFRS S1 (general) and IFRS S2 (climate).

UK
Local endorsement

UK regulators are expected to endorse ISSB standards with UK guidance.

Status
Proposed

Scope, timing, and mandatory status remain subject to consultation.

What UK SRS is expected to cover

 

UK SRS S1. General sustainability-related financial disclosures across all topics. See UK SRS S1.

 

UK SRS S2. Climate-related disclosures aligned to IFRS S2. See UK SRS S2.

 

Scope and applicability. Expected focus on listed companies first, with potential phased expansion. See who must comply.

 

Roadmap and materiality. Proposed timelines and a financial materiality lens. See timeline and materiality.

Why it matters

Why UK SRS is a shift in UK reporting

Comparable disclosures. A single structure helps investors compare sustainability risks across UK issuers.

Finance alignment. UK SRS is expected to connect sustainability data to enterprise value.

Regulatory readiness. Early preparation reduces last-minute reporting pressure if mandates arrive.

Cross-border consistency. Alignment with ISSB supports global reporting coherence.

Structure

How UK SRS fits S1 and S2 together

  1. Start with S1. Cover governance, strategy, risk management, and metrics across all sustainability topics.
  2. Add S2 detail. Layer in climate-specific disclosures such as scenario analysis and emissions.
  3. Connect to finance. Explain how sustainability issues affect cash flows, risk profile, and capital access.
  4. Use ISSB as the baseline. See ISSB overview for context.

Scope

Who is likely to be in scope

  1. UK listed companies. FCA requirements are expected to set the first wave of UK SRS adoption.
  2. Large public interest entities. UK government may extend requirements beyond listed issuers.
  3. Groups with UK reporting obligations. Consolidated reporting could apply at group level.
  4. Private companies. Future phases may bring large private firms into scope.

Key UK SRS roadmap milestones (expected)

 

UK endorsement of ISSB standards. Confirmation of which IFRS S1 and S2 requirements apply in the UK.

 

FCA and UK government consultations. Scope, timing, and any UK-specific modifications are proposed.

 

Phased reporting start. Early adopters move first, with wider mandates to follow once dates are confirmed.

Glossary snapshot

UK SRS glossary snapshot

UK SRS. The UK's proposed sustainability reporting standards based on ISSB IFRS S1 and S2.

ISSB. The International Sustainability Standards Board, issuer of IFRS S1 and S2.

Enterprise value. A financial materiality lens focused on information relevant to investors.

FAQs

UK SRS explained FAQs

What is UK SRS?

UK SRS refers to the UK's proposed Sustainability Reporting Standards based on ISSB IFRS S1 and S2.

What are UK SRS S1 and S2?

S1 covers general sustainability-related financial disclosures, while S2 focuses on climate-related disclosures.

Are UK SRS mandatory?

Mandatory status is expected to be set by UK regulators and remains subject to consultation.

When do UK SRS apply?

The UK timeline is still proposed; reporting dates are expected to be phased after endorsement and consultation.

Keep UK SRS preparation, approvals, and disclosures aligned across finance, risk, and sustainability teams.

Explore the Drova RunSure platform for UK SRS compliance

Explore the platform

UK SRS hub

Explore UK SRS topics

UK Sustainability Reporting Standards overview

Start with what UK SRS is and how the standards are structured.

UK SRS S1: General disclosures

Understand the UK SRS S1 baseline for sustainability-related financial information.

UK SRS S2: Climate disclosures

Explore the climate-focused requirements expected in UK SRS S2.

Who must comply with UK SRS?

Check likely in-scope companies and FCA considerations.

UK SRS timeline and roadmap

Track expected milestones and phased implementation.

UK SRS materiality

See how the financial materiality lens works in UK SRS.