UK SRS Consultancy
Fully prepare your climate and sustainability disclosures based on IFRS S1/S2 and the United Kingdom Sustainability Reporting Standards (UK SRS) for the 2027 mandate. With our UK SRS Advisory, build your entire reporting infrastructure in accordance with international standards, from gap analysis to the establishment of Scope 1-2-3 inventory, and gain a competitive edge in investor confidence and access to capital.
The United Kingdom Sustainability Disclosure Standards (UK SDS), based on the IFRS S1 and IFRS S2 standards, turn climate and sustainability disclosures into a legal requirement. Prepare fully for the 2027 financial year with Life Climate expertise, build your reporting infrastructure, and turn critical compliance requirements for UK-listed companies into a strategic competitive advantage.
We collect, review, and make data auditable during your UK SDS compliance process.
The UK SDS is a reporting set published on February 25, 2026, by the UK Department for Business and Trade, endorsing the global baseline framework of the IFRS Sustainability Disclosure Standards developed by the ISSB. UK SDS S1 covers general sustainability disclosures, while UK SDS S2 covers climate-related financial disclosures. Although the standards are currently accessible for voluntary use, S2 climate reporting will become mandatory as of January 1, 2027, for approximately 515 primary listed companies under the FCA's new UK Listing Rules. UK SDS S1 will enter into force as of January 1, 2029, on a "comply or explain" basis.
Who is UK SDS Reporting Crucial for?
UK SDS S2 climate disclosures will be mandatory starting January 1, 2027, for large primary listed companies in the UK. In addition, UK SDS is of great importance for Turkish companies that trade with the UK, establish relationships with investors there, or are part of multinational supply chains. Exporters, financial institutions, publicly-listed companies, and all large-scale enterprises wishing to respond to international reporting expectations gain both a competitive advantage and secure their access to global capital by adopting the standards early. Since UK SDS is also structurally aligned with TSRS (IFRS S1/S2), which has become mandatory in Turkey, both regulations can be managed through a single data set.
What are UK SDS S1 and UK SDS S2?
UK SDS is the UK-endorsed version of the IFRS S1 and S2 standards and consists of two main parts:
UK SDS S1 (General Sustainability Disclosures): Covers material sustainability risks and opportunities faced by the organization on issues such as biodiversity, water, workforce, human rights, and supply chain.
UK SDS S2 (Climate Disclosures): Requires reporting of Scope 1, 2, and 3 greenhouse gas emissions under the four core pillars based on TCFD: governance, strategy, risk management, and metrics/targets.
During the transition period, Scope 3 emissions data can be reported on a "comply or explain" basis for one year, while a two-year transition relief is granted for UK SDS S1. The FCA's policy statement is expected to be published in autumn 2026.
Services Offered Under Our UK SDS Consultancy
As Life Climate, we provide end-to-end support in all phases of the UK SDS compliance process:
Benchmarking your current reporting infrastructure against UK SDS S1/S2 requirements and detailed gap analysis.
Double materiality analysis, climate scenario analysis, and transition risk/physical risk assessment.
Inception of Scope 1, 2, and 3 greenhouse gas inventory; calculation with ISO 14064-1 and GHG Protocol methodologies.
Structuring of governance, strategy, risk management, and metrics disclosures in line with TCFD pillars.
Establishing data collection infrastructure, designing internal control mechanisms, and preparing for audit.
Linking annual sustainability report content with integrated financial reporting and cross-compliance with TSRS.
Benefits of UK SDS Compliance to Your Business
UK SDS is much more than a legal requirement. Companies that comply with the standards early gain increased investor confidence, advantages in cost of capital, stronger brand reputation, and long-term strategic resilience. Since UK SDS is aligned with IFRS S1/S2, it opens the door to evaluating existing investments on a global scale rather than bringing additional burden for Turkish companies preparing for TSRS. A well-designed UK SDS report gains instant credibility with UK-listed clients and fund providers.
We are by your side with our expert team to secure UK SDS S1 and S2 compliance, build your reporting infrastructure in accordance with international expectations, and turn sustainability into a competitive advantage. Contact us for detailed information and a customized consultancy proposal.
