Exposure drafts: UK Sustainability Reporting Standards

As part of the Mansion House package in November 2024, the government set out the steps that it is taking to establish a world-leading sustainable finance framework that delivers credible and decision-useful sustainability-related financial information to the financial markets. The UK Sustainability Reporting Standards (UK SRS) will serve as the foundation for this framework.

This consultation seeks views on exposure draft UK SRS, which are based on IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures.

The government proposes 6 minor amendments to the standards for application in a UK context.

The consultation also seeks evidence on the costs and benefits of using the UK SRS. This evidence will inform future government decisions when it considers whether to require entities to report information using the standards.

This consultation forms part of the first phase of consultations to modernise the UK’s framework for corporate reporting. It is published alongside consultations on:

• the government’s transition plan manifesto commitment
• oversight of sustainability assurance providers