With the draft UK SRS expected to open for public consultation imminently and adoption predicted from as early as 1 January 2026 for UK listed companies (via the Financial Conduct Authority), CFGI attended the ICAS Sustainability Summit 2025 to gain some ๐ธ๐ฒ๐ ๐ถ๐ป๐๐ถ๐ด๐ต๐๐ from regulatory and industry leaders into the upcoming UK SRS regulations.
Our key insights from the summit are summarised below:
1. ๐ช๐ต๐ฎ๐โ๐ ๐ฒ๐
๐ฝ๐ฒ๐ฐ๐๐ฒ๐ฑ ๐๐ผ ๐ฏ๐ฒ ๐ถ๐ป๐ฐ๐น๐๐ฑ๐ฒ๐ฑ โ in addition to IFRS S1 and S2 with limited modifications, requirements aligned to the Transition Plan Taskforce are expected. Guidance on assurance is also expected to be issued.
2. ๐๐น๐น ๐ฏ๐๐๐ถ๐ป๐ฒ๐๐๐ฒ๐ ๐๐ถ๐น๐น ๐ฏ๐ฒ ๐ถ๐บ๐ฝ๐ฎ๐ฐ๐๐ฒ๐ฑ โ whether through supply chains or investor requests, all businesses will feel the impact, even if they are not required to comply directly. It is expected that larger companies will increasingly require data from suppliers, including SMEs.
3. ๐จ๐๐ถ๐น๐ถ๐๐ฒ ๐ฒ๐
๐๐ฒ๐ฟ๐ป๐ฎ๐น ๐ฒ๐
๐ฝ๐ฒ๐ฟ๐๐ถ๐๐ฒ โ external input can be invaluable for ensuring accurate, decision-useful information is used - e.g. when the firm has limited experience with climate-related risk assessments and scenario analysis.
๐ช๐ฎ๐ป๐ ๐๐ผ ๐๐ป๐ฑ๐ฒ๐ฟ๐๐๐ฎ๐ป๐ฑ ๐ต๐ผ๐ ๐๐ผ๐๐ฟ ๐ฏ๐๐๐ถ๐ป๐ฒ๐๐ ๐ฐ๐ผ๐๐น๐ฑ ๐ฏ๐ฒ ๐ถ๐บ๐ฝ๐ฎ๐ฐ๐๐ฒ๐ฑ? You can get in touch with CFGI using the following link: www.cfgi.com/contact-us or get in touch directly with our Cambridge lead Paul Cooper at: [email protected].
