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ARTICLE · 10 MARCH 2026

The Final UK Sustainability Reporting Standards And Implications For Asset Managers

Macfarlanes LLP
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This article builds on our previous briefing on the UK SRS exposure drafts, Delayed but not derailed: the UK Sustainability Reporting Standards consultation.

United KingdomFinance and Banking
Rachel Richardson
Rachel Richardson
Lora Froud
Lora Froud
Michael Sholem
Michael Sholem
Tiffany Cox
Tiffany Cox
Emily Batchelor
Emily Batchelor
This article builds on our previous briefing on the UK SRS exposure drafts, Delayed but not derailed: the UK Sustainability Reporting Standards consultation.

What are the UK Sustainability Reporting Standards (UK SRS)?

On 25 February 2026, the Department for Business and Trade (DBT) published the final versions of:

  • UK SRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information); and
  • UK SRS S2 (Climate-related Disclosures).

The standards represent the UK's endorsed versions of the IFRS's International Sustainability Standards Board (ISSB) global baseline standards, IFRS S1 and IFRS S2, with minor UK specific amendments.

UK SRS S1 establishes the overarching framework for sustainability-related financial disclosures, whilst UK SRS S2 establishes detailed requirements for climate-related disclosures, covering governance, strategy, risk management, and metrics and targets (akin to the Task Force on Climate-related

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