UK S2·Explainer·Omissions and claims
UK SRS S2 requires location-based Scope 2 greenhouse gas emissions. An entity also provides information about contractual instruments where that information is necessary to understand its Scope 2 emissions.
Helps you decideHow to report the required location-based number and add credible contractual or market-based information.
Reviewed 11 Aug 2026
6 min
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UK S2·Explainer·Omissions and claims
UK SRS S2 Appendix C3 permits an entity, in its first annual reporting period applying the Standard, to use a GHG measurement method other than the GHG Protocol Corporate Standard only if it used that method in the immediately preceding annual period. The relief is a one-period transition rule, not an indefinite alternative.
Helps you decideWhether C3 is available and how to transition methods without losing traceability or comparability.
Reviewed 11 Aug 2026
6 min
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UK S2·Explainer·Omissions and claims
UK SRS S2 Appendix C4 allows an entity applying the Standard voluntarily to omit Scope 3 greenhouse gas emissions, including the additional financed-emissions information for asset management, commercial banking and insurance. The provision has no stated expiry date in the voluntary Standard.
Helps you decideWhether to use C4, what to disclose, what information to continue developing and how to prepare for future mandatory rules.
Reviewed 11 Aug 2026
6 min
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UK S2·Toolkit·Omissions and claims
A package-level toolkit containing LRA_UK_SRS_S2_GHG_Measurement_Relief_and_Scope_2_Registers.xlsx, with 5 related Knowledge Hub guides.
Helps you decideWhich package files and related guides belong to this toolkit?
Reviewed 11 Aug 2026
3 min
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UK S2·Decision guide·Omissions and claims
A useful UK SRS S2 report should begin with the UK SRS S1 reporting basis and then organise climate information into governance, strategy, risk management, and metrics and targets. Within strategy, it should connect climate risks and opportunities, transition activities, scenario analysis, resilience and current and anticipated financial effects.
Helps you decideWhat sections and tables the report needs, how to connect them, and how to use cross-references without obscuring information or losing control.
Reviewed 11 Aug 2026
16 min
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UK S2·Decision guide·Omissions and claims
UK-specific paragraph B59A applies when a financial institution determines that it is impracticable to reliably estimate financed emissions for the same reporting period as its related financial statements. The entity must explain why, describe the measurement approach, inputs and assumptions used for any financed-emissions information reported, and provide a plan with a timeline for same-period reporting.
Helps you decideWhether the issue is a normal data lag requiring estimation, a B59A same-period impracticability case, or use of the separate C4 Scope 3 provision.
Reviewed 10 Aug 2026
14 min
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UK S2·Decision guide·Omissions and claims
UK SRS S2 requires the entity to disclose its assessment of climate resilience at the reporting date. The assessment explains the implications of scenario findings for strategy and business model, significant areas of uncertainty and the capacity to adjust or adapt over the short, medium and long term.
Helps you decideWhether the entity has a supportable, balanced assessment of capacity to adapt across time horizons, and whether the disclosure accurately reflects constraints and uncertainty.
Reviewed 10 Aug 2026
14 min
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UK S2·Decision guide·Omissions and claims
A complete UK SRS S2 climate report is not a stand-alone sustainability publication. UK SRS S1 requires the disclosures to form part of the entity's general purpose financial reports, to be issued at the same time and for the same period as the related financial statements.
Helps you decideUK SRS S2 Report Location, Timing and Compliance Statement Explained
Reviewed 11 Aug 2026
13 min
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UK S2·Decision guide·Omissions and claims
FCA CP26/5 proposes replacing current TCFD-aligned listing rules for specified listed companies with a climate-first UK SRS regime for accounting periods beginning on or after 1 January 2027. Under the proposal, companies in the commercial companies, non-equity shares and non-voting equity shares, and transition categories would report climate information mandatorily under UK SRS S2 and relevant climate-related parts of UK SRS S1, except that Scope 3 would be on a comply-or-explain basis.
Helps you decideFCA UK SRS Climate Rules: Proposed Scope, Reliefs and Reporting from 2027
Reviewed 11 Aug 2026
11 min
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UK S2·Decision guide·Omissions and claims
For each net GHG emissions target, UK SRS S2 requires disclosure of the entity’s planned use of carbon credits. The entity explains the extent to which and how the target relies on credits, the third-party schemes expected to verify or certify them, the type of credit, whether the underlying outcome is nature-based or technological and whether it is a reduction or removal, plus other factors needed to understand credibility and integrity, such as permanence assumptions.
Helps you decideWhether the net target transparently shows gross reductions, residual emissions, planned credit reliance and the evidence supporting credit quality and claims.
Reviewed 10 Aug 2026
10 min
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