The UK government announced today the release of exposure drafts of new UK Sustainability Reporting Standards (UK SRS), based on the sustainability and climate-related standards developed by the IFRS Foundation’s International Sustainability Standards Board (ISSB), aimed at forming the basis of a framework to deliver sustainability-related financial information to the financial markets.
The new standards were released by the government as part of a series of sustainability disclosure-related consultations launched by the government, which also included consultations on climate-related transition plan requirements, and on assurance of sustainability reporting.
The release of the draft standards comes as the UK government is considering whether to introduce mandatory sustainability reporting requirements for some companies,
