Scope
Voluntary now; FCA proposal: UKLR listed categories 6/14/15/16/22 from FY2027; private-company extension under consideration only
UK · standard
UK Sustainability Reporting Standards (UK SRS S1 & S2)
UK-endorsed IFRS S1/S2 (DBT, published 25 Feb 2026) with six UK amendments
VoluntaryApplies 2027-01-01
Penalties
FCA enforcement once mandatory; none while voluntary
Last verified
2026-08-22
In plain language
What this law does
The UK's ISSB-endorsed standards with six UK-specific amendments. FCA proposals make S2 climate reporting mandatory for listed companies (Scope 1/2 mandatory; Scope 3 one-year elective relief then comply-or-explain), with transition-plan and assurance statements on comply-or-explain basis.
Core obligations
S2 climate disclosures: governance, strategy, risk management, metrics & targets; Scope 1/2 mandatory; Scope 3 comply-or-explain after relief; transition-plan disclosure statement
Dictionary
Terms defined in this law
Reviewed legal terms will appear here.
Claims