Learn about our TCFD-aligned reporting requirements, the companies and firms that fall in scope of the rules, and next steps for climate and sustainability reporting.
Financial markets rely on high-quality and comparable sustainability disclosures to inform asset pricing and capital allocation. Financial institutions, including asset managers, banks, insurers and pension providers, also need reliable data on sustainability factors to build products that meet their clients' and consumers' needs. Reliable data also helps with their own investment and risk management processes.
Our future plans
We welcome the Government's consultations published on 25 June 2025, including the draft UK Sustainability Reporting Standards (UK SRS). We intend to consult later this year on how listed companies will adopt these standards, promoting international alignment and the growth of the UK as a centre for sustainable finance. This will include our proposed approach to the disclosure of transition plans.
We’re also beginning work to streamline and enhance our sustainability reporting framework for asset managers and FCA-regulated asset owners. If you would like to engage with us as part of this next phase of work, please email [email protected].
Read more about our future plans.
Summary timeline
What we'll do in the future
We have been a strong advocate of the development of international corporate reporting standards on sustainability. We welcome the ISSB standards, which answer the clear market demand for complete, consistent, comparable and reliable sustainability disclosures.
The Secretary of State for Business and Trade is responsible for the decision to endorse the ISSB standards in the UK. In June 2025, the Government published 3 consultations:
More information on reporting frameworks
International Sustainability Standards Board (ISSB)
In 2021, the trustees of the IFRS Foundation announced the formation of the International Sustainability Standards Board (ISSB), which would develop a comprehensive global baseline of sustainability disclosure standards to meet the information needs of investors and financial markets.
The ISSB published its first 2 IFRS Sustainability Disclosure Standards (ISSB standards) on 26 June 2023:
- IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information[18] requires an entity to disclose information about all sustainability risks and opportunities that could reasonably be expected to affect the entity's prospects.
- IFRS S2 Climate-related Disclosures[19] requires an entity to disclose information about its climate risks and opportunities that could reasonably be expected to affect the entity's prospects.
Transition Plan Taskforce (TPT)
As we transition to a low emissions economy, financial markets increasingly want better information on how companies plan to adapt their business models, their operations and their products and services. Climate transition plan disclosures deliver this information and the TPT's Disclosure Framework provides best practice guidance for firms.
The TPT Framework was designed to work with IFRS S2 and help companies report in line with the transition plan-related disclosure provisions.
In June 2024, the IFRS Foundation announced[20] work to harmonise disclosures about transition plans. This included assuming responsibility for the disclosure-specific materials developed by the TPT and using them to develop IFRS Educational Materials.
In June 2025, the IFRS Foundation published guidance (PDF)[21] on disclosing information about an entity’s climate-related transition, including information about transition plans, in accordance with IFRS S2. This guidance builds on the TPT's disclosure-specific materials and aims to support the ISSB global baseline of sustainability disclosures.