What is UK SRS? UK SRS (UK Sustainability Reporting Standards) comprises UK SRS S1 and S2 — the IFRS-based UK framework for mandatory sustainability reporting. UK SRS S2 covers climate disclosures (mandatory 2027) while UK SRS S1 addresses general sustainability matters (mandatory 2029).
UK SRS S2 establishes mandatory climate-related disclosure requirements based on IFRS S2. It requires companies to report on climate governance, strategy, risk management, and metrics including Scope 1, 2, and 3 emissions.
UK SRS S1 provides general requirements for sustainability reporting based on IFRS S1. It covers governance, strategy, risk management, and metrics for all financially material sustainability matters beyond climate.
S2: Mandatory 2027
S1: Comply-or-explain 2027-2029
S2: Climate-specific disclosures
S1: All material sustainability matters
S2: Mandatory compliance
S1: Comply-or-explain framework