UK SRS: First steps for the next stage

The UK Sustainability Reporting Standards (SRS) represent the latest chapter in the UK’s sustainability regime, with the date for first implementation in corporate reporting fast approaching. In fact, a survey of 2025 reporting showed that 63% of FTSE100 companies are already referring to UK SRS in their annual reports.

If you’re currently looking into what SRS will mean for you, you’re not alone. Our dedicated event UK SRS: The Inside Track was busy last week, with some key takeaways emerging from our expert panel and wider discussion:

Internal alignment is a strong start: While the standard is ultimately a communications requirement, what it’s really asking for is a closer incorporation of sustainability considerations into risk systems and strategic planning. This means that if sustainability isn’t a regular part of management and finance team responsibilities, then you might find SRS becoming more and more of a headache as reporting expectations intensify.

Focus in, don’t widen out: SRS increases mandatory reporting burden. But by asking companies to home in on financially material impacts, we’ve found it’s prompted companies to reduce the breadth of what they’re talking about, while focusing in on the depth. If this is your instinct too, you’re in good company. 

Build on what’s already there: There was a lot of interest in interoperability of SRS with existing frameworks and approaches, including the European regime. Companies have a lot of existing sustainability work that they’re looking to use – we’re not starting from zero here!

If you’re looking to get going early with the right internal conversations in particular, we’ve launched a document covering some of the places to start. 

Additionally, we’re running dedicated workshops on UK SRS to accelerate internal capabilities, with a focus on transitioning existing TCFD work to meet the demands of the S2 climate standard. 

Be in touch with me – [email protected] – if you’d like a copy of our document, or to discuss how we could support!

To discuss any of these topics in more detail or speak to one of our Sustainability team about how to better your corporate sustainability efforts, email [email protected] -we'd love to hear from you.