Regulatory AlertsCP26/5: Aligning listed issuers’ sustainability disclosures with international standards
The UK Financial Conduct Authority proposes replacing current TCFD-aligned listing rules with mandatory reporting against the draft UK Sustainability Reporting Standards (UK SRS) for in-scope listed companies. The consultation requires mandatory climate disclosures under UK SRS S2 while allowing non-climate reporting under UK SRS S1 and Scope 3 emissions on a 'comply or explain' basis with transitional reliefs. International issuers with secondary listings are subject to transparency requirements regarding their primary jurisdiction's standards rather than direct UK SRS compliance.
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