STATEMENT: UK Sustainability Reporting Standards (SRS) ‘An Important Step Forward’

Commenting on the publication of the finalised versions of the UK Sustainability Reporting Standards, UKSIF CEO James Alexander said:

“The publication of the finalised UK Sustainability Reporting Standards (SRS) is a very important step forward for our corporate reporting landscape.

“We welcome confirmation of the decision to closely align this framework with the International Sustainability Standards Board’s (ISSB) standards, which can help reinforce the UK’s global competitiveness.

“We look forward to policymakers now focusing on delivery through the Modernising Corporate Reporting (MCR) programme and wider initiatives. We particularly want to see greater clarity on how the standards can become mandatory for in-scope companies through this process.

“An efficient transition from TCFD-aligned to SRS-aligned reporting for companies over the coming years will bring tangible benefits to both investors and reporting organisations.”