LATEST SRS UPDATE:FCA consultation on UK SRS implementation expected Q1 2025

SRS Update: Latest Developments

Stay ahead with real-time SRS updates. Critical regulatory changes, implementation guidance, and compliance deadlines for UK sustainability reporting standards.

Last SRS Update: March 2025

Critical SRS Updates - Action Required

FCA Consultation Imminent

HIGH PRIORITY

SRS Update: The FCA is expected to release its consultation paper on UK SRS implementation through Listing Rules in Q1 2025. This will confirm mandatory reporting timelines and specific requirements for listed companies.

Expected: January-March 2025Impact: All UK listed companies

Scope 3 Guidance Released

NEW GUIDANCE

SRS Update: New technical guidance on Scope 3 emissions calculation methodologies has been published. This SRS update clarifies reporting boundaries, data quality requirements, and acceptable estimation methods for all 15 categories.

Published: February 2025Effective: Immediately

Financial Services Additional Requirements

SECTOR SPECIFIC

SRS Update: Financial institutions will face additional requirements for financed emissions reporting. This SRS update confirms that banks and asset managers must report portfolio alignment metrics and transition finance activities.

Effective: 2026 reporting yearImpact: Banks, insurers, asset managers

Recent SRS Updates Timeline

March 2025

Transition Planning Framework Update

SRS update on transition planning requirements. Companies must now include sector-specific decarbonization pathways and interim targets aligned with 1.5°C scenarios.

February 2025

Materiality Assessment Clarification

Important SRS update clarifying double materiality approach. Both financial and impact materiality must be assessed for all sustainability matters.

January 2025

Assurance Standards Published

SRS update on external assurance requirements. Limited assurance required for first year, moving to reasonable assurance by year three of implementation.

December 2024

UK SRS Standards Officially Published

Major SRS update: UK government publishes final UK SRS S1 and S2 standards, confirming ISSB alignment and implementation timeline for listed companies.

SRS Update Categories

Regulatory Updates

Latest SRS update on FCA rules, government policy, and mandatory reporting requirements.

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Technical Guidance

SRS update on calculation methodologies, reporting formats, and data requirements.

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Industry Updates

Sector-specific SRS update, best practices, and peer benchmarking insights.

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