UK SRS S1 focuses on general sustainability-related risks and opportunities and UK SRS S2 sets out requirements on risks and opportunities specifically related to climate.
While the final UK SRSs provide clarity for companies wishing to adopt the standards voluntarily, a consultation by the Financial Conduct Authority (FCA) remains open until 20 March 2026 which is examining whether to introduce mandatory UK SRS reporting for some entities, potentially on a comply or explain basis.
As part of its consultation, the FCA will also provide confirmation around a proposed ‘climate first’ relief which would permit companies to provide climate-related disclosures only for an initial period. Those already reporting against TCFD should therefore be strongly placed but care will be needed to ensure a compliant transition from TCFD to UK SRS disclosures.
At Black Sun, our extensive experience in both corporate and sustainability reporting means we are well placed to advise on how to prepare for the adoption of the UK SRSs. If you would be interested in speaking to one of our reporting specialists about what the new requirements mean for climate and broader sustainability disclosures or how to transition smoothly from TCFD please get in touch.
We shall look forward with interest to the outcome of the FCA consultation and to working with clients to support their evolving reporting needs.
Black Sun Global is a stakeholder advisory and engagement agency that's been driving transformation and positive change for ambitious brands for more than 20 years. With deep expertise in disclosure and reporting, ESG, sustainability, and digital engagement, we reshape how organisations connect with customers, investors, employees, and the wider world.
We are trusted partners to some of the most influential global organisations, sparking innovation and sustainable performance through our strategic insights, partnerships, and proprietary technologies.
As founders of the Positive Change Group, we are on a mission to create a new kind of stakeholder relations partner. Our world-class specialists work closely with executive leadership teams to protect reputations, inspire trust, and promote responsible business practices - building resilience and long-term value in a rapidly changing world.
For more information, please visit: www.blacksun-global.com
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