Get Started with UK SRS Reporting

Your comprehensive guide to implementing the new UK Sustainability Reporting Standards (UK SRS) - aligned with ISSB global standards

UK SRS Standards Now Published

The UK Sustainability Reporting Standards (UK SRS S1 and S2) have been officially published.

These ISSB-aligned standards represent the biggest shift in UK sustainability reporting since SECR was introduced.

Are You Affected by UK SRS?

✅ Likely Required (First Wave)

  • Premium & Standard Listed Companies
  • Financial Institutions (Banks, Insurers, Asset Managers)
  • Companies with FCA-regulated securities
  • AIM companies (likely in later phases)

🔄 Should Prepare Now

  • Large UK companies meeting Companies Act thresholds
  • PE-backed growth companies
  • Public Interest Entities (PIEs)
  • Export-oriented companies & supply chain leaders

Implementation Timeline

UK SRS Published

Standards S1 & S2 released

2024
2025

FCA Consultation Expected

Listing Rules & DTR updates

First Mandatory Reporting

Listed companies begin reporting

2026-27

Your UK SRS Journey: 5 Steps

1

Assess Applicability

Determine if your organization falls under UK SRS requirements based on:

  • • Listing status (FCA regulated)
  • • Company size thresholds
  • • Sector requirements
  • • Voluntary adoption benefits
2

Gap Analysis

Compare current reporting against UK SRS requirements:

  • • Review SECR compliance
  • • Map TCFD to UK SRS S2
  • • Identify data gaps
  • • Assess materiality processes
3

Data Infrastructure

Build robust data collection systems:

  • • Scope 1, 2, 3 emissions
  • • Climate scenario analysis
  • • Transition planning metrics
  • • Financed emissions (if applicable)
4

Governance Setup

Establish oversight and controls:

  • • Board sustainability oversight
  • • Management responsibilities
  • • Internal controls framework
  • • Assurance readiness
5

Prepare Disclosures

Create UK SRS-compliant reports:

  • • General requirements (S1)
  • • Climate disclosures (S2)
  • • Connected information
  • • Statement of compliance

Want to Talk It Through?

We offer a free, no-obligation call if it would help

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UK SRS vs SECR: Key Differences

AspectSECR (Current)UK SRS (New)
ScopeEnergy & carbon onlyComprehensive sustainability
FrameworkUK Companies Act requirementISSB-aligned global standard
Climate RiskNot requiredMandatory scenario analysis
Scope 3Not requiredRequired (including financed emissions)
Transition PlansNot requiredRequired if material
AssuranceNot requiredExpected to follow

Essential UK SRS Resources

Implementation Guide

Step-by-step guidance for implementing UK SRS in your organization

View Guide →

UK SRS vs SECR

How the new standards relate to your existing SECR reporting

Compare the Two →

Want to Talk It Through?

SRS Report is an independent reference site — but if it would help to talk through your UK SRS position, we offer a free, no-obligation call.

Frequently Asked Questions

When will UK SRS become mandatory?

The FCA's CP26/5 consultation (30 January 2026) proposes mandatory UK SRS S2 climate reporting for around 515 listed companies for accounting periods beginning on or after 1 January 2027, with a policy statement expected in autumn 2026.

Large private companies are expected to follow later.

Will UK SRS replace SECR?

Initially, both will coexist.

SECR remains statutory under the Companies Act while UK SRS will be implemented through FCA rules.

Eventually, we expect either SECR to be amended to align with UK SRS or replaced entirely to avoid duplication.

Do SMEs need to comply with UK SRS?

SMEs are not expected to be directly mandated initially.

However, supply chain pressure from larger companies reporting under UK SRS will likely require SMEs to provide sustainability data.

Voluntary adoption may also benefit SMEs seeking investment or contracts.