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 𝗸𝗲𝘆 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 from regulatory and industry leaders into the upcoming UK SRS regulations.
Our key insights from the summit are summarised below:
1. 𝗪𝗵𝗮𝘁’𝘀 𝗲𝘅𝗽𝗲𝗰𝘁𝗲𝗱 𝘁𝗼 𝗯𝗲 𝗶𝗻𝗰𝗹𝘂𝗱𝗲𝗱 – 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. 𝗔𝗹𝗹 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀 𝘄𝗶𝗹𝗹 𝗯𝗲 𝗶𝗺𝗽𝗮𝗰𝘁𝗲𝗱 – 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. 𝗨𝘁𝗶𝗹𝗶𝘀𝗲 𝗲𝘅𝘁𝗲𝗿𝗻𝗮𝗹 𝗲𝘅𝗽𝗲𝗿𝘁𝗶𝘀𝗲 – 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.
𝗪𝗮𝗻𝘁 𝘁𝗼 𝘂𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱 𝗵𝗼𝘄 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗰𝗼𝘂𝗹𝗱 𝗯𝗲 𝗶𝗺𝗽𝗮𝗰𝘁𝗲𝗱? 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].
