UK S2·Explainer·New standards and transition
UK SRS S2 already incorporates the December 2025 IFRS S2 greenhouse-gas amendments from its first publication in February 2026. Preparers applying UK SRS S2 therefore do not add a later “amendment overlay”: the amended GWP relief, part-of-entity jurisdictional measurement relief, Category 15 limitation and derivative exclusion, and alternative industry-classification provisions are already embedded in the UK text.
Helps you decideWhich December 2025 changes are already part of UK SRS S2 and what implementation records must change.
Reviewed 11 Aug 2026
6 min
Read the guide →
UK S2·Decision guide·New standards and transition
UK SRS S2 is currently available for voluntary use; it does not by itself impose a Companies Act reporting duty. The Government has said that the Modernising Corporate Reporting programme will consider whether private entities should be required to report against UK SRS.
Helps you decideWhat to build now, and what must remain an open legal or policy assumption.
Reviewed 10 Aug 2026
7 min
Read the guide →
UK S2·Decision guide·New standards and transition
Preparers should build a tagging-ready disclosure inventory and controlled human-to-machine mapping now, but they should not claim that UK SRS S2 sustainability tagging is currently mandatory under an FCA filing rule. The IFRS Sustainability Disclosure Taxonomy 2024 provides the logical starting point because UK SRS is based on IFRS S1 and S2, while UK amendments, reliefs and future filing choices require a difference register.
Helps you decideWhat can be prepared now, what requires an extension or version decision, and what remains a future-rule dependency.
Reviewed 10 Aug 2026
7 min
Read the guide →
UK S1·Explainer·New standards and transition
There is no general rule that every voluntary UK SRS S1 report must already be digitally tagged and filed under a dedicated UK sustainability taxonomy. Even so, companies should prepare for digital reporting early.
Helps you decideUK SRS S1 Digital Reporting: Taxonomy, Tagging and Future Filing Requirements
Reviewed 11 Aug 2026
3 min
Read the guide →
UK S1·Explainer·New standards and transition
Voluntary UK SRS S1 use can be valuable for a private or unlisted company when it improves a real decision: credit assessment, investment, owner oversight, customer due diligence, strategic planning or future reporting readiness. The company should start from intended users and material sustainability-related risks and opportunities, connect them to cash flows and financing, and apply proportionate data and controls.
Helps you decidewhether voluntary UK SRS S1 use earns its cost for an unlisted company, and whether to apply it in full, in part or as a controlled supplement
Reviewed 10 Aug 2026
10 min
Read the guide →
UK S2·Decision guide·New standards and transition
UK SRS S2 cannot be applied as a self-contained climate checklist. Paragraph C2 requires UK SRS S2 and UK SRS S1 to be applied at the same time insofar as the S1 requirements relate to climate disclosures.
Helps you decideWhy UK SRS S2 Must Be Applied with UK SRS S1
Reviewed 11 Aug 2026
8 min
Read the guide →
UK S2·Decision guide·New standards and transition
UK SRS S2 is not generally mandatory merely because the government published the final standard. It is currently available for voluntary use by any entity.
Helps you decideIs UK SRS S2 Mandatory? Voluntary Use, FCA Proposals and the 2027 Timeline
Reviewed 11 Aug 2026
8 min
Read the guide →
UK S2·Explainer·New standards and transition
A first UK SRS S2 cycle should be run as a controlled 12-month reporting programme, not as a year-end writing exercise. The first quarter should lock the reporting basis, governance and material climate matters.
Helps you decideWhat must happen in each month, which workstreams depend on one another, and which evidence and approval gate marks real completion.
Reviewed 10 Aug 2026
16 min
Read the guide →
UK S2·Decision guide·New standards and transition
UK SRS S2 is the UK climate-related disclosure standard. It requires material information about physical risks, transition risks and climate-related opportunities that could reasonably be expected to affect an entity’s cash flows, access to finance or cost of capital over the short, medium or long term.
Helps you decideUK SRS S2 Explained: Climate Disclosure Requirements and How to Start
Reviewed 11 Aug 2026
10 min
Read the guide →
UK S1·Decision guide·New standards and transition
Final UK SRS S1 and UK SRS S2 were published on 25 February 2026 and are available for voluntary use. The FCA consultation on replacing current listed-company TCFD-aligned rules with UK SRS-based requirements closed on 20 March 2026.
Helps you decideUK SRS S1 Timeline: 2026 Publication, Proposed 2027 Rules and What Companies Should Do Now
Reviewed 11 Aug 2026
10 min
Read the guide →
UK S1·Decision guide·New standards and transition
UK SRS S1 is not generally mandatory merely because the government published the final standard. It is currently available for voluntary use by any entity.
Helps you decideIs UK SRS S1 Mandatory? The Voluntary Standard and Future UK Reporting Routes
Reviewed 11 Aug 2026
10 min
Read the guide →
UK S1·Decision guide·New standards and transition
A useful UK SRS S1 gap assessment is not a paragraph-by-paragraph tick-box exercise. It tests whether the organisation can identify material sustainability-related risks and opportunities, explain their effects on prospects, produce four-pillar disclosures, connect finance and sustainability information, apply or document sources of guidance, manage S2 climate interactions, evidence controls and integrate the result into the annual report.
Helps you decideIs the organisation report-ready, partially ready or still in design for UK SRS S1?
Reviewed 11 Aug 2026
6 min
Read the guide →
UK S1·Decision guide·New standards and transition
UK SRS S1 does not require an entity to use the SASB Standards, but it does require disclosed metrics to include metrics associated with particular business models, activities or other industry characteristics. A defensible process starts with material sustainability-related risks and opportunities, maps the entity's activities and industries, considers a complete candidate universe and then applies relevance, faithful-representation, materiality and comparability tests.
Helps you decideHow to Select Industry-Based Metrics Under UK SRS S1 Without Mandatory SASB Use
Reviewed 11 Aug 2026
13 min
Read the guide →
UK S1·Explainer·New standards and transition
UK SRS S1 does not itself amend the Companies Act or create a mandatory reporting population. It supplies a final technical standard that any entity may use voluntarily.
Helps you decidehow much UK SRS capability to build now against a Companies Act route that is not yet law, and which legislative gaps to watch before you commit
Reviewed 10 Aug 2026
9 min
Read the guide →
UK S1·Explainer·New standards and transition
Under FCA CP26/5, specified listed-company categories would move from TCFD-aligned reporting to a UK SRS-based regime for accounting periods beginning on or after 1 January 2027. For the main commercial, non-equity/non-voting and transition categories, the proposal would require the UK SRS S2 climate core, allow comply-or-explain for Scope 3 emissions, and apply UK SRS S1 non-climate reporting on a comply-or-explain basis.
Helps you decidewhether your listing category would sit inside the FCA's proposed UK SRS regime from 2027, and what to build before the final Policy Statement
Reviewed 10 Aug 2026
10 min
Read the guide →
TNFD·Decision guide·New standards and transition
A credible TNFD-aligned nature transition plan is a forward-looking, governed part of strategy - not a list of biodiversity projects. It should explain how the organisation will respond to its material nature-related dependencies, impacts, risks and opportunities (DIROs); change its business model and value chain where necessary; allocate capital and operating resources; act in priority locations; engage Indigenous Peoples, Local Communities and affected stakeholders; set measurable targets; and monitor delivery.
Helps you decideNature Transition Plans: What a Credible TNFD-Aligned Plan Should Contain
Reviewed 11 Aug 2026
11 min
Read the guide →
ISSB·Explainer·New standards and transition
IFRS S2 does not universally require an entity to have or publish a formal transition plan. It does require material information about how the entity is responding and plans to respond to climate-related risks and opportunities.
Helps you decideIFRS S2 Transition Plan Disclosures: Strategy, Assumptions, Resources and Progress
Reviewed 11 Aug 2026
15 min
Read the guide →
ESRS·Explainer·New standards and transition
Revised ESRS E4 requires an undertaking with material biodiversity and ecosystem IROs to connect location-specific impacts and dependencies to strategy, policies, actions, targets and metrics. The assessment should cover own-operation sites and material upstream and downstream value-chain exposure, including land- and sea-use change, resource use, pollution, climate change and invasive species.
Helps you decideESRS E4 Biodiversity and Ecosystems: Sites, Value Chains, Metrics and Transition Plans
Reviewed 11 Aug 2026
16 min
Read the guide →
ISSB·Comparison·New standards and transition
A strong TCFD-aligned report provides a useful starting architecture for IFRS S2 because IFRS S2 integrates the four TCFD pillars and the 11 recommended disclosures. Transition is not, however, a re-labelling exercise.
Helps you decideWhich existing disclosures can be retained, which need greater specificity, and which new IFRS S1/S2 requirements need data, methods or approval?
Reviewed 10 Aug 2026
9 min
Read the guide →
ISSB·Decision guide·New standards and transition
The December 2025 amendments make targeted changes to IFRS S2 rather than replacing its GHG architecture. They clarify that a required jurisdictional or exchange method can be used for the affected part of an entity, permit required alternative GWP values for that part, allow an entity to limit Category 15 measurement to financed emissions, introduce transparency about derivatives and excluded financial activities, require a total Category 15 amount plus a financed-emissions subtotal when Category 15 is included, and refine industry-classification requirements for financed-emissions disclosures.
Helps you decideWhether to early apply, which reliefs are relevant, what data-model changes are needed, and how to prepare comparatives for 2027.
Reviewed 10 Aug 2026
16 min
Read the guide →
ISSB·Decision guide·New standards and transition
IFRS S1 and IFRS S2 are not automatically mandatory for every entity worldwide. Their effective date tells an entity when the Standards can be applied as issued by the ISSB; it does not itself create a legal reporting obligation.
Helps you decideWhat binding reporting obligation applies to the entity, from which period, and what reporting claim is supportable?
Reviewed 11 Aug 2026
16 min
Read the guide →
GRI·Explainer·New standards and transition
GRI reporting is not universally mandatory, but it can become mandatory when a law, stock-exchange rule or regulator directly adopts the GRI Standards. Taiwan’s TWSE rules are a clear example for listed companies.
Helps you decideWhether the obligation is a direct GRI mandate, a different mandatory reporting regime, a contractual requirement or a voluntary public claim.
Reviewed 11 Aug 2026
9 min
Read the guide →
GRI·Comparison·New standards and transition
GRI 103: Energy 2025 replaces GRI 302: Energy 2016 for energy reporting published on or after 1 January 2027, and early adoption is encouraged. The change is substantive rather than a renumbering.
Helps you decideWhen to transition, and what to change in the current energy data model
Reviewed 31 Jul 2026
9 min
Read the guide →
GRI·Explainer·New standards and transition
A GRI 102 transition-plan disclosure connects climate impacts with policies, actions, scientific alignment, targets, expenditure, governance, strategy and progress. It also addresses consequences for workers, non-employee workers, communities, Indigenous Peoples and biodiversity.
Helps you decideGRI 102 Transition Plans and Just Transition: What Companies Need to Disclose
Reviewed 11 Aug 2026
13 min
Read the guide →
GRI·Decision guide·New standards and transition
GRI 101 expects organisations to apply the biodiversity mitigation hierarchy in sequence: first avoid negative impacts, then minimise impacts that cannot be avoided, then restore or rehabilitate affected ecosystems, and only after those steps consider offsets for residual negative impacts. Restoration and rehabilitation occur in the area affected by the organisation’s activities; offsets are interventions in areas not affected by those activities.
Helps you decideWhich action belongs to which stage of the hierarchy, what residual impact remains and what evidence supports any restoration or offset claim.
Reviewed 11 Aug 2026
17 min
Read the guide →
GRI·Explainer·New standards and transition
GRI 101: Biodiversity 2024 is effective for reports or other materials published on or after 1 January 2026 and replaces GRI 304. Its eight disclosures form a connected system: policies, impact management and access-and-benefit-sharing are linked to the method for selecting priority sites and supply-chain products or services, location data, direct drivers, changes in ecosystem condition and affected ecosystem services and beneficiaries.
Helps you decideHow to replace the old site-list approach with a location-specific, value-chain and evidence-led reporting system.
Reviewed 11 Aug 2026
10 min
Read the guide →
EU VS·Decision guide·New standards and transition
No. The EU Voluntary Sustainability Reporting Standard is voluntary for the undertaking preparing information; it does not itself create a general duty to prepare or publish a sustainability report. A separate law may make a company a mandatory reporter, and a customer, bank or tender may create a commercial expectation or contractual request.
Helps you decideWhether the undertaking has a legal duty to report, a commercial reason to respond, a statutory right to decline above-cap information or a voluntary choice to use the Standard.
Reviewed 11 Aug 2026
11 min
Read the guide →
ESRS·Comparison·New standards and transition
For a financial year beginning in 2026, a company should not choose an ESRS version by preference alone. It must first confirm that the revised delegated regulation has entered into force and that the chosen route is valid for its reporting period and legal context.
Helps you decideSelect a legally valid version route and document the data, comparative, control and disclosure consequences.
Reviewed 10 Aug 2026
11 min
Read the guide →
ESRS·Decision guide·New standards and transition
The revised ESRS keep the core model - double materiality, two cross-cutting standards and ten topical standards - but materially simplify how companies decide and present what is material. The Commission states that mandatory datapoints are reduced by over 60% and total datapoints by over 70%.
Helps you decideIdentify changes that affect methodology, data, controls, comparatives and the chosen FY2026 transition route.
Reviewed 10 Aug 2026
12 min
Read the guide →
ESRS·Decision guide·New standards and transition
An ESRS climate transition plan is not merely a net-zero target or list of climate projects. Under the Commission-adopted revised ESRS E1-1, the plan disclosure brings together the undertaking’s GHG targets, decarbonisation levers, key actions, significant investments and funding, governance approval, integration with business strategy, 1.5°C compatibility, assumptions and dependencies, locked-in emissions and implementation progress.
Helps you decideESRS Climate Transition Plan: Requirements, 1.5°C Compatibility and Common Gaps
Reviewed 11 Aug 2026
14 min
Read the guide →
