UK Sustainability Reporting Standards (UK SRS) S1 and S2
Supporting clients with a practical, proportionate, and value‑driven approach to UK SRS readiness and implementation.
The UK SRS sets a consistent, investor‑focused framework for sustainability reporting, with Inspired helping organisations adopt it efficiently through integrated, practical support and clear deliverables.
The UK Sustainability Reporting Standards (UK SRS), released on 25 February 2026, establish a globally aligned, investor‑focused framework for sustainability‑related financial reporting in the UK.
Developed in line with IFRS sustainability standards, UK SRS replaces a fragmented reporting landscape and expands existing Companies Act and FCA requirements.
While voluntary initially, early adoption is strongly encouraged as regulators consult on future mandatory application, potentially from reporting periods beginning 1 January 2027. The standards place a clear emphasis on consistency, comparability, and forward‑looking assessment of financially material sustainability risks and opportunities.
Inspired’s approach
Inspired supports clients with a practical, proportionate, and value‑driven approach to UK SRS readiness and implementation.
We work closely with finance, sustainability, risk, and strategy teams to integrate sustainability‑related financial information into core business processes rather than treating it as a stand‑alone reporting exercise.
Our approach leverages existing disclosures under TCFD, ISSB, and CSRD where possible, focusing on closing gaps, strengthening governance and controls, and embedding forward‑looking analysis to support decision‑useful, investor‑grade reporting aligned to UK SRS S1 and S2.
Key deliverables
Our support is underpinned by clear, structured deliverables. These deliverables enable organisations to move confidently toward early adoption while building a robust foundation for future mandatory reporting.
A UK SRS gap analysis and regulatory readiness roadmap
A financially focused materiality assessment aligned to S1 requirements
Design and enhancement of governance, strategy, and risk management disclosures
Climate risk and opportunity assessment, including scenario analysis under S2
GHG emissions reporting support, including Scope 1, 2, and material Scope 3
Data governance, controls, and assurance‑ready processes
Draft UK SRS‑aligned disclosures integrated with financial reporting
Talk to an expert
Aine Crossan
ESG Director
“Inspired supports clients with a practical, proportionate, and value‑driven approach to UK SRS readiness and implementation.”
Related ESG services
Streamlined Energy and Carbon Reporting (SECR) – Scope 1 and 2 emissions
Scope 1 and 2 emissions are recommended to be included under the TCFD’s ‘Metrics and Targets’ section. As part of Inspired’s Climate-Related Financial Disclosure offering, a Scope 1 and 2 emissions inventory is calculated.
PPN 006 – Carbon Reduction Plan
A PPN 006 – Carbon Reduction Plan requires businesses to disclose baseline and recent GHG emissions – including five Scope 3 categories – targets and decarbonisation actions. The five categories required to be disclosed will be calculated, if applicable, as part of Inspired’s Scope 3 emissions inventory service.
Science-Based Target initiative validation support
The Science-Based Target initiative (SBTi) is the internationally recognised body for validating emission reduction targets. Companies going through the SBTi validation process need to provide a full Scope 3 inventory, calculated as per the GHG Protocol guidelines.
Scope 3 emissions inventory
Scope 3 emissions are recommended to be included under emissions environmental reporting to help stakeholders understand a company’s value chain emissions and what steps are they taking to reduce their impact.
Greenhouse gas emissions verification – ISO 14064
The ISO 14064 standard is a process to verify a company’s greenhouse gas emissions footprint and covers operational as well as value chain emissions. Inspired’s ESG Quality Assurance team can verify the Scope 3 inventory to provide additional assurance of the calculations and output.
Net-Zero Strategy
Net-zero should be achieved by reducing Scope 1, 2, and 3 emissions as far as possible; a Net-Zero Strategy plans for how these reductions will be achieved. During the validation process, the SBTi requests details about how a business plans to reduce its GHG emissions and achieve any submitted targets. Inspired’s Net-Zero Strategy service produces a decarbonisation action plan that is specifically mapped to near-term and net-zero targets.
Quick links
At Inspired, we’ve been putting a lot of effort into helping businesses to understand ESG and its associated benefits. But, our support doesn’t end there.
Science-Based Target initiative validation support
Greenhouse gas emissions verification – ISO 14064
Get in touch
Contact an ESG specialist today to discuss UK SRS readiness and implementation.