UK SRS Standards

UK SRS Standards Officially Published

UK SRS Standards: S1 & S2 Framework

Complete guide to UK SRS standards. Master the UK S1 general requirements and UK S2 climate-related disclosures. Understand how UK SRS standards align with global ISSB framework.

Explore UK SRS S1 →Explore UK SRS S2 →

UK SRS Standards Overview

UK SRS S1: General Requirements

UK SRS S1 standard establishes the foundation for sustainability-related financial disclosures. It sets out general requirements for reporting on all sustainability matters material to the entity.

Governance arrangements and controls
Strategy for managing sustainability risks
Risk management processes
Metrics and targets framework

UK SRS S2: Climate Disclosures

UK SRS S2 standard requires specific climate-related disclosures. It builds on TCFD recommendations with enhanced requirements for climate risks, opportunities, and emissions reporting.

Climate-related physical and transition risks
Scope 1, 2, and 3 GHG emissions
Climate scenario analysis (including 1.5°C)
Transition planning and targets

UK SRS S1 Standard: Deep Dive

Core Objectives

UK SRS S1 standard requires entities to disclose information about sustainability-related risks and opportunities that could affect their cash flows, access to finance, or cost of capital.

Key Principles:

• Relevance and faithful representation
• Comparability and verifiability
• Timeliness and understandability
• Connected information across reports

Disclosure Requirements

1. Governance

Board oversight, management's role, skills and competencies, frequency of oversight, integration with strategy

2. Strategy

Sustainability risks and opportunities, effects on business model, strategy resilience, trade-offs considered

3. Risk Management

Processes for identifying and assessing risks, managing opportunities, integration with enterprise risk management

4. Metrics & Targets

Cross-industry metrics, industry-specific metrics, targets set and progress against them

UK SRS S2 Standard: Climate Requirements

UK SRS S2: Enhanced Climate Disclosures

UK SRS S2 standard requires comprehensive climate-related financial disclosures that go beyond TCFD recommendations. UK SRS standards mandate quantitative analysis and forward-looking assessments.

Physical Risks

• Acute risks (floods, storms)
• Chronic risks (sea level rise)
• Location-specific assessments
• Financial impact quantification

Transition Risks

• Policy and legal changes
• Technology shifts
• Market changes
• Reputation considerations

GHG Emissions

• Scope 1 (direct emissions)
• Scope 2 (purchased energy)
• Scope 3 (value chain)
• Intensity metrics

Scenario Analysis Requirements

Mandatory Scenarios:

•1.5°C aligned scenario (Paris Agreement)
•Current policies scenario
•High physical risk scenario (3°C+)

Analysis Components:

•Strategy resilience testing
•Financial impact modeling
•Time horizons (2030, 2040, 2050)

UK SRS Standards: Implementation Timeline

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Feb 2026: UK SRS Standards Published

DBT published UK SRS S1 and S2 standards for voluntary adoption

Jan 2026: FCA Consultation

FCA publishes CP26/5 consultation on mandatory implementation

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Jan 2027: Proposed Mandatory Date

FCA proposes mandatory implementation, subject to autumn 2026 policy statement

UK SRS Standards vs Global Frameworks

Aspect	UK SRS Standards	ISSB Standards	EU CSRD
Alignment	Fully aligned with ISSB	Global baseline	More prescriptive
Scope	Listed companies initially	Voluntary adoption	Broader scope
Materiality	Financial materiality	Financial materiality	Double materiality
Assurance	Phased approach	Market-led	Mandatory

Master UK SRS Standards Implementation

Get expert support to implement UK SRS standards. Our team helps you navigate S1 and S2 requirements for successful compliance.

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