Sustainability Disclosures

You may have heard of the Task Force on Climate-Related Financial Disclosures (TCFD). The work of this body -which has now disbanded- led to the establishment of the International Sustainability Standards Board (ISSB)'s sustainability and climate-related disclosure standards (IFRS S1 and S2, respectively). These reporting frameworks have two aims. The first is enhancing transparency around the financial and operational risks that climate change poses for an organization, and second, its opportunities following energy transition. Organizations that need to comply with these standards include: asset managers, UK-listed companies, life insurance providers, and FCA-regulated pension providers. 

Companies may need to report on the following, depending on sector: 

• Greenhouse (GHG) emissions (Scope 1, Scope 2 and Scope 3) 
• Climate-related targets (e.g. Net-Zero by 2050) 
• Climate-related transition risks (e.g. vulnerability of company revenue linked to fossil fuels) 
• Climate-related physical risks (e.g. vulnerability of assets to flooding, storm damage, etc.) 
• Climate-related opportunities (e.g. revenue opportunities linked to clean energy, sustainable products, etc.) 
• Energy intensity (e.g. energy consumed per £ turnover, or per unit produced). 
• Financed emissions (emissions associated with investments, loans or insurance underwriting) 

From 2026, the United Kingdom will begin phasing in mandatory climate-related disclosures under the UK Sustainability Reporting Standards (UK SRS). These disclosures are linked to the global International Sustainability Standards Board (ISSB) framework. The UK SRS plays a key role in the UK Government’s Sustainability Disclosure Requirements (SDR) framework, which aims to standardise reporting and increase transparency and corporate responsibility, primarily for investment decisions. 

Companies will be required to publish their sustainability disclosures at the same time as their annual accounts from the first full accounting period of 2026 onward. This means that it’s essential to start collecting robust data now to be ready. 

In the first two years, companies are only required to disclose client-related risks. Wider sustainability aspects are required from year three onward. However, organisations are encouraged to report sustainability risks and opportunities earlier. 

Unlike the EU Corporate Sustainability Reporting Directive (CSRD), which applies a double materiality approach— financial materiality (how sustainability matters affect the entity) and impact materiality (how the entity affects the environment, people and wider society)—the UK SRS focuses on financial impacts.

Antea Group can help your organization ready itself for the 2026 implementation of UK SRS, and stay in compliance for the long term. As partners and advisors, we assist with: 

• Benchmarking current sustainability data collection, reporting practices against the ISSB and UK SRS requirements to identify gaps 
• Identifying the right people in your organisation to own each part of the disclosure process, assigning responsibilities and timescales  
• Performing materiality assessments to determine financially material sustainability-related risks and opportunities to your business 
• Integrating sustainability disclosures into board-level and executive management governance structures 
• Calculating robust sustainability metric and targets 
• Continually reviewing and improving data collection, validation, reporting processes 

Ecovadis is a globally recognized sustainability assessment platform. It rates companies based on their policies and performance under four key themes: environment, labour & human rights, ethics and sustainable procurement. Companies can achieve Bronze, Silver, Gold or Platinum certifications, demonstrating their overall commitment to sustainability. 

The EcoVadis platform is used by major corporations to monitor and evaluate their supply chains. In many cases, participation is a prerequisite to work with certain organisations.  

At Antea Group, our expert sustainability consultants can help you achieve EcoVadis certification, improve policies and procedures, capture required data, and achieve higher scores.

The Carbon Disclosure Project (CDP) is a global sustainability assessment scheme that requires companies to measure and disclose their environmental impact. Whilst it is voluntary, many large corporations use CDP as a method of risk assessing supply chains. More than 740 financial institutions, managing over $130 trillion in assets, use CDP to guide their investment decisions.  

Antea Group’s sustainability experts can help your organsaition to obtain and improve CDP scores. We support you and your team in implementing effective policies and procedures, as well as gathering and making sense of data from across your organization and supply chain.