UK Sustainability Reporting Standards (UK SRS)

On 25 February 2026 the Department for Business and Trade (DBT) published the UK SRS:

UK SRS S1: General requirements for disclosure of sustainability-related financial information; and
UK SRS S2: Climate-related disclosures.

The publication of these standards follows the public consultation that the DBT conducted, which closed on 17 September 2025.

These two standards are based on the inaugural two standards published by the International Sustainability Standards Board (ISSB) in June 2023, and revised in December 2025 (Amendments to clarify IFRS S2):

IFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information; and
IFRS S2: Climate-related Disclosures.

UK SRS S1 and S2 are currently available for all UK companies to use on a voluntary basis. The Financial Conduct Authority (FCA) is conducting a public consultation to determine how the UK SRS will be mandated for UK listed company reporting. See this article for further information on this consultation.

Alexia Perversi

Director

KPMG in the UK

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Key facts

Effective date

Reporting period

Reporting boundary

Published on 25 February 2026.

The standards are available for voluntary use, by any entity that chooses to do so.

Mandatory reporting effective date will be determined by regulation or legislation.

Disclose sustainability-related information at the same time and for the same period as the financial statements.

The reporting entity is the same as for consolidated financial statements.

However, sustainability-related risks and opportunities can arise from the value chain which should also be reflected in the reporting.

Connected information

Forward looking

Sustainability-related financial disclosures need to be connected to the financial statements.

Both are included as part of a company’s general purpose financial reports.

The standards require forward-looking information about sustainability-related risks and opportunities that could reasonably be expected to affect the company’s prospects.

How do the UK SRS differ from the ISSB standards?

Download the slides below for additional detail on the differences between the ISSB Standards and the UK SRS.

Amendments being proposed - UK SRS exposure drafts

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