The FCA is consulting on evolving its rules for listed companies’ sustainability disclosures to aligning with the UK Sustainability Reporting Standards (SRS), which are themselves based on the International Sustainability Standards Board Standards.
The proposals aim to replace the current Task Force on Climate-related Financial Disclosures-aligned rules with mandatory reporting against UK SRS S2 for climate disclosures, excluding Scope 3 emissions, which will remain on a ‘comply or explain’ basis. The consultation includes transitional arrangements which would allow companies to defer certain disclosures for up to two years.
For international companies with a primary listing outside of the UK, the FCA suggests a flexible approach in order to avoid duplication with their own primary market requirements.
The consultation closes on 20 March 2026. The FCA aims to finalise the rules by Autumn 2026, and for implementation to begin for accounting periods on or after 1 January 2027.