S1
General standard
Applies across all sustainability topics, not just climate.
UK SRS S1GeneralDisclosures
General requirements for sustainability-related financial disclosures in the UK.
UK SRS S1 is expected to mirror IFRS S1, setting the overall rules for sustainability-related financial information. This guide explains the requirements, what counts as sustainability-related financial information, and how to prepare.
What is UK SRS S1?
UK SRS S1 is expected to be the UK's general sustainability disclosure standard, based on ISSB IFRS S1. It sets the overall requirements for governance, strategy, risk management, and metrics and targets across all sustainability topics.
IFRS
ISSB-aligned
Expected to align with IFRS S1 requirements (IFRS S1 UK).
Status
Proposed
UK adoption and mandatory timing remain subject to consultation.
Key UK SRS S1 focus areas
Governance. Describe oversight of sustainability-related risks and opportunities.
Strategy. Explain impacts on business model, strategy, and financial planning.
Risk management. Share processes for identifying, assessing, and managing sustainability risks.
Metrics and targets. Disclose KPIs, targets, assumptions, and progress.
Why it matters
Why UK SRS S1 changes the reporting baseline
One baseline. Finance and sustainability teams work from the same disclosure structure.
Enterprise value focus. UK SRS S1 is expected to emphasise financially relevant information.
Cross-topic coverage. It applies across environmental, social, and governance issues.
Investor-ready narratives. Clear links between strategy, risk, and metrics improve decision usefulness.
Structure
How to structure UK SRS S1 disclosures
- Map governance ownership. Identify board and executive accountability for sustainability oversight.
- Link strategy and resilience. Explain how sustainability topics affect business model and plans.
- Document risk processes. Show how sustainability risks integrate with enterprise risk management.
- Align metrics and targets. Use consistent methods and explain changes over time. See IFRS S1 for the baseline.
Meaning
What sustainability-related financial information means
- Financial relevance. Focus on information that could influence enterprise value.
- Time horizons. Cover short, medium, and long term effects where relevant.
- Connectivity. Explain links between sustainability metrics and financial statements.
- Decision usefulness. Provide data that investors can compare and track over time.
Get ahead of UK SRS S1 readiness
Define material topics. Agree which sustainability issues could affect enterprise value.
Align data owners. Set clear roles for finance, risk, and sustainability teams.
Pilot S1-style reporting. Run a dry run using the ISSB structure.
Glossary snapshot
UK SRS S1 glossary snapshot
UK SRS S1. Proposed UK standard for general sustainability-related financial disclosures.
Sustainability-related financial information. Data and narratives about sustainability issues that can affect enterprise value.
Enterprise value. The financial value of the business to investors over time.
FAQs
UK SRS S1 explained FAQs
What is UK SRS S1?
UK SRS S1 is the proposed UK version of IFRS S1, covering general sustainability-related financial disclosures.
What does IFRS S1 require?
IFRS S1 sets the overall disclosure requirements for governance, strategy, risk management, and metrics and targets across sustainability topics.
What does sustainability-related financial information mean?
It refers to sustainability information that could affect enterprise value, such as risks, opportunities, and related metrics.
How does UK SRS S1 relate to UK SRS S2?
S1 is the general standard; S2 adds climate-specific requirements. UK SRS is expected to include both.
Keep UK SRS preparation, approvals, and disclosures aligned across finance, risk, and sustainability teams.
Explore the Drova RunSure platform for UK SRS compliance
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.
