On this page, the Corporate Reporting Faculty provides an overview of current and future UK reporting requirements and signposts relevant practical guidance for preparers.

Strategic report - general

Under UK law, all companies that are not small are required to provide an overview of their business, including a description of the principal risks and uncertainties facing the company, in a strategic report.

The strategic report should contain information that is material to shareholders and which helps them assess whether the directors have performed their duty to promote the success of the company. When the directors of a company consider a sustainability matter to be a principal risk or uncertainty facing the company, this should be disclosed in the strategic report.

Quoted companies and public interest entities (PIEs) with over 500 employees are also subject to specific reporting requirements on environmental matters within the strategic report, for example, details of policies pursued on environmental matters and the effectiveness of these policies. This information is required to the extent that it provides information that is necessary for an understanding of the development, performance, position (and impact - PIEs only) of the company's business. For more information about the strategic report, visit:

• The strategic report: purpose, content and best practice guidance
• The strategic report: scoping and content

Strategic report - s172 reporting

Large companies are required to include a statement in the strategic report which describes how the directors have performed their duty under section 172 of the Companies Act 2006. This duty requires directors to promote the success of the company for the benefit of its members as a whole, and in doing so have regard to the impact of the company’s operations on the community and the environment, among other matters.

For guidance and tips on preparing meaningful Section 172(1) statements visit:

• Section 172(1) statements

For webinar recordings on UK regulation topics, including Section 172(1) statements, visit:

• Webinar recordings: UK regulation topics

Strategic report - Climate-related Financial Disclosures

Mandatory climate-related financial disclosure requirements were introduced into UK legislation in 2022 for certain large companies and LLPs. The disclosures are required as part of the Non-Financial and Sustainability Information (NFSI) statement within their strategic report. LLPs not required to produce a strategic report should include the information in the Energy and Carbon report (see below).

The requirements are based on the Task Force for Climate-Related Financial Disclosures (TCFD) recommendations which encourage disclosure across four key areas: governance, strategy, risk management, and metrics and targets. Q&A-style guidance on the regulations, issued by the government, aims to help reporters understand how to meet the new requirements.

The FCA listing rules LR 9.8.6R and LR 14.3.27R require certain listed companies to include a statement in the annual report which sets out whether the company has made disclosures consistent with the TCFD framework. Many of these companies will also be subject to the climate-related financial disclosure requirements mentioned above. There is a high degree of consistency between the two sets of requirements as both are based on, or directly reference, TCFD recommended disclosures.

For more information, including practical guidance, visit:

• Factsheet: Climate-related Financial Disclosure Regulations
• Webinar: Introducing the Climate-related Financial Disclosure Regulations
• Two-part webinar series on Getting started with climate reporting

Directors' report - Streamlined Energy and Carbon Reporting

Large companies, quoted companies, and large LLPs are required to comply with streamlined carbon and energy reporting requirements (SECR). For companies, the associated disclosures must be included in the directors’ report. For LLPs, the associated disclosures must be included in the Energy and Carbon report which forms part of the annual report.

For more information about these requirements, visit:

• Directors report
• Webinar: Streamlined Energy and Carbon reporting

Financial Statements

Companies must consider climate-related matters when applying accounting standards where their effect is material in the context of the financial statements as a whole. When climate-related matters are considered material, disclosures are required in accordance with those standards.

For further information for UK GAAP reporters, visit:

• By All Accounts article: Climate-related reporting in FRS 102
• FRC factsheet: Climate-related matters for FRS 102 reporters

For IFRS reporters, the International Accounting Standards Board has issued updated educational material:

• Effects of climate-related matters on financial statements

UK Sustainability Reporting Standards

The government published the UK Sustainability Reporting Standards (UK SRS) in February 2026, comprising UK SRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and UK SRS S2 Climate-related Disclosures. These are the UK-endorsed versions of the ISSB’s IFRS Sustainability Disclosure Standards and provide a comprehensive framework for sustainability-related financial disclosures.

UK SRS are currently available for voluntary use. The FCA has consulted on proposals to introduce mandatory reporting for certain listed companies, however, the outcome has not yet been announced. Any wider application through company law or other requirements has yet to be confirmed and would likely follow further consultation.

For further detail, including the scope, key requirements and UK-specific amendments, visit: UK Sustainability Reporting Standards (UK SRS).

For more information about the ISSB and IFRS Sustainability Disclosure Standards, visit:

• IFRS Sustainability Disclosure Standards

Transition plans

There is currently no general UK requirement for entities to prepare or disclose a climate-related transition plan. The UK Government consulted in 2025 on options for introducing climate-related transition plan requirements for certain companies. At the time of writing, the outcome of this consultation has not yet been announced.

Where an entity chooses to prepare a transition plan, the Transition Plan Taskforce (TPT) Disclosure Framework provides a set of disclosure recommendations that can be used as guidance on how to report effectively on transition plans. There is currently no requirement for entities to report against the TPT Disclosure Framework.

UK SRS S2 requires entities to disclose information about their climate-related transition plan where such a plan exists. The standard does not mandate that an entity must have a transition plan.

Other helpful resources from the Financial Reporting Council (FRC) include:

• FRC’s work on ESG and Climate related reporting
• FRC’s staff factsheet: Climate-related matters for FRS 102 reporters
• CRR Thematic review of climate-related metrics and targets (July 2023)
• CRR Thematic review of TCFD disclosures and climate in the financial statements (July 2022)
• FRC Lab Report: ESG data distribution and consumption (July 2023)
• FRC Lab Report: Improving ESG Data Production (August 2022)