The consultation seeks views on exposure draft UK SRS S1 and UK SRS S2 (sustainability reporting standards), which are based on IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures.

The government proposes six minor amendments to the standards for application in a UK context, but it has not yet decided on mandatory application. The rules will be called SRS in the UK but as yet the financial costs of implementation have not been assessed.