UK SRS consultation

Once the responses to the consultation have been analysed, the UK government will make a final decision on whether to endorse the drafts of UK SRS S1 and UK SRS S2 for use in the UK. If endorsed, the UK government aims to publish the final UK SRS S1 and UK SRS S2 in autumn 2025, for any UK entity to use on a voluntary basis.

The Financial Conduct Authority (FCA) also plans to consult on requiring listed entities to report in accordance with the UK SRS. The UK Government will also explore whether these requirements should be extended to companies outside of the FCA's regulatory scope.

• Understand the proposals and how they affect your company.
• Get involved and submit your comments to the Department for Business and Trade by 17 September 2025.
• Perform or be ready to update your gap assessment if already completed.
• Consider whether you need to change your systems, processes and controls.
• Have your say. For further information on the proposals, speak to your KPMG contact and visit ESG reporting | KPMG UK to keep up to date with the latest news and discussion.