The UK Financial Conduct Authority (FCA) has issued a new consultation on adopting new mandatory UK Sustainability Reporting Standards (UK SRS). If finalized, the new FCA rules will come into effect on January 1, 2027. A recent Linklaters memo discusses the consultation, stating:
“Having indicated in its regulatory initiatives grid that it would consult on disclosure requirements for UK listed companies in January 2026, the FCA has delivered – just. Previously expected in Q3/4 2025, the FCA has now published its long awaited consultation on changes to the Listing Rules to reflect the incoming UK Sustainability Reporting Standards (UK SRS) to replace existing TCFD based rules.”
The proposal would see scope one and two emissions disclosures required from 2027, and Scope 3 disclosures from 2028 on a comply or explain basis. The proposal also declines to make transition planning or assurance mandatory, though the FCA may revisit these issues in the future. While the FCA is gearing up to adopt the UK SRS, the UK Government is busy finalizing it. Those final standards are expected to come later this month. This proposal adds yet another major economy to the growing list of jurisdictions requiring mandatory climate disclosures.
Our members can learn more about global disclosure requirements here.
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