Framework
UK SRS
The UK's endorsed version of IFRS S1 and S2 — the standard the FCA and DBT will point to when disclosure becomes mandatory.
What it is
The UK SRS in one paragraph
UK Sustainability Reporting Standards (UK SRS) are the UK's endorsed versions of IFRS S1 (general sustainability disclosure) and IFRS S2 (climate). They are being developed by the UK Sustainability Disclosure Technical Advisory Committee (TAC) and the Policy and Implementation Committee (PIC), with the Department for Business and Trade (DBT) making the final endorsement decision. The standards are intended to form the basis of future mandatory disclosure requirements for listed companies (via the FCA) and large private companies (via DBT). UK SRS is expected to be substantively identical to IFRS S1/S2 with only limited UK-specific modifications.
Who's in scope
In scope, thresholds, jurisdictions
Still emerging — finalised in 2025 but with adoption and application decisions pending as of 2026. Expected in-scope population: UK-listed (Main Market and AIM Premium) companies via FCA Listing Rules, and large private companies via separate DBT regulations. Thresholds are not yet confirmed but are likely to mirror existing large-company definitions (turnover, balance sheet, 500+ or 750+ employees). Voluntary early adoption is encouraged.
Key requirements
- Climate-related governance, strategy, risk management and metrics & targets disclosures
- Scope 1, 2 and 3 emissions reporting under GHG Protocol
- Climate scenario analysis and transition-plan disclosure (likely aligned with the UK Transition Plan Taskforce framework)
- Industry-based metrics rooted in SASB
- Materiality assessment using the enterprise-value (single-materiality) lens of ISSB
- Connectivity between sustainability disclosures and the financial statements
- Limited assurance expected initially, moving to reasonable assurance over time
- UK-specific modifications likely to cover climate-first relief, Scope 3 transition, and interaction with SECR and TCFD
Deadlines & timing
- UK SRS finalised 2025 following TAC and PIC recommendations
- DBT and FCA endorsement decisions expected Q2 2026
- First mandatory reporting periods likely FY2026 or FY2027 for listed companies
- Private-company application likely phased from FY2027–FY2028
- Expected alignment with, or replacement of, existing UK TCFD-aligned disclosure rules
Where finance teams get stuck
Preparing for a standard whose final scope, timing and assurance level are still moving
Avoiding duplicate effort between SECR, TCFD, UK SRS and CDP using overlapping but not identical definitions
Building Scope 3 data quality to assurance grade before the first mandatory report lands
Integrating the UK Transition Plan Taskforce (TPT) disclosure framework into annual reporting
Explaining enterprise-value materiality to boards used to UK GAAP / IFRS financial materiality
How neoeco helps
- Ledger-first methodology already aligned with GHG Protocol — the underlying backbone of UK SRS
- Pre-configured reporting templates that track UK SRS drafts and can be regenerated once final
- Assurance-ready documentation: method memos, emission-factor provenance, change log, GL reconciliation
- SECR, TCFD and UK SRS outputs generated from one shared dataset — no parallel spreadsheets
- Transition-plan data model aligned with TPT disclosure framework
- Multi-entity consolidation matched to your statutory UK group structure
- Early-adopter mode: produce UK SRS-style disclosures voluntarily ahead of the mandate
Related frameworks
SECR
The UK's mandatory carbon disclosure hiding inside your Directors' Report — and the one most finance teams underestimate.
Read about SECRISSB / IFRS S2
The global baseline for climate disclosure — now adopted or endorsed in 20+ jurisdictions and hard-wired into audit expectations.
Read about ISSB / IFRS S2CSRD
The EU's double-materiality disclosure regime — bigger in scope and deeper in detail than anything that came before.
Read about CSRDUK SRS ready
Generate UK SRS-ready disclosures from your ledger
Book a 30-minute walkthrough focused on UK SRS. We'll show you the data model, the export template, and what your auditor will test.