Last week, the UK government formally issued draft Sustainability Reporting Standards (UK SRS S1 and S2), marking a significant milestone in the country’s move toward standardised, mandatory ESG disclosures for UK-registered companies.
Based on the global IFRS Sustainability Disclosure Standards developed by the International Sustainability Standards Board (ISSB), the draft release reflects the UK’s direction of travel bringing corporate sustainability reporting in line with internationally recognised expectations and improving the consistency and comparability of disclosures for investors and stakeholders.
Why it matters
With the consultation open until 17 September 2025, the draft standards are expected to be finalised later this year and gradually integrated into UK regulatory frameworks, including the FCA’s Listing Rules and potentially the Companies Act.
In practical terms, this means that many UK companies, particularly large and listed entities, will soon be required to report sustainability and climate-related information with the same level of rigour as financial disclosures.
According to the UK’s Department for Business and Trade, the goal is to provide investors with consistent, high-quality data, while ensuring UK businesses remain competitive in a global ESG-driven economy. These developments follow the ISSB’s official release of IFRS S1 and S2 in June 2023.
How Achilles supports IFRS-aligned reporting
With over 30 years of experience helping global organisations manage supplier risk and sustainability data, Achilles brings a unique perspective to non-financial reporting.
Our pre-qualified supplier networks, risk assessments, and reporting tools offer end-to-end visibility, supporting accurate, credible, and confident disclosures.
At the heart of our solution is Achilles Comply360, a new enterprise reporting platform designed to simplify the entire process. It combines data collection, reporting automation, project management, and framework alignment, all in one configurable system, with audit-readiness built in.
Get ready with Achilles
As regulatory, investor and stakeholder expectations grow, many businesses face mounting pressure to collect, validate and report ESG data with accuracy and consistency.
To help organisations navigate these changes, we’re hosting a live webinar on Sustainability reporting: Where to start on the 17th of July where we’ll explore what the IFRS framework means in practice and share practical guidance on reporting with confidence and achieving audit readiness.
Whether you’re starting out or refining your disclosures, we’re here to help.
