United Kingdom: FCA and BEIS (DBT and DESNZ)

TCFD-aligned climate and energy disclosure for listed companies, asset managers, and large corporates.
Status: Mandatory for most large companies; transition to ISSB S1/S2 under consultation for 2025[1][2][3][8][9][10].
Companies Covered
11,000+
Listed, large private, asset managers, LLPs (2025)[3][4][5][7]
Frameworks
TCFD, SECR
Mandatory, with ISSB S1/S2 transition planned[1][2][3][8][9][10]
Scope 1, 2, 3 Emissions
Required*
Scope 1 & 2 mandatory, Scope 3 if material[2][3][6][7]
Assurance
Not yet
Assurance under review for future ISSB regime[1][8][10]
UK Disclosure Requirements (2025)
EntityFrameworkKey RequirementsStatus
Premium/Standard Listed CompaniesTCFDComply or explain on 4 TCFD pillars, Scope 1/2/3 emissionsMandatory since 2022[2][3][4][5][6]
Asset Managers & OwnersTCFDEntity and product-level climate disclosures, scenario analysisMandatory since 2023[3][6][8]
Large UK Companies/LLPsSECRAnnual energy use, GHG emissions, intensity ratios, efficiency actionsMandatory since 2019[7][9]
All In-Scope EntitiesISSB S1/S2 (planned)Transition to global baseline, UK-specific endorsementConsultation in 2025[1][3][8][9][10]
UK Sustainability Disclosure Timeline
YearMilestoneStatus (2025)
2019SECR energy and carbon reporting for large companiesActive
2021TCFD-aligned disclosure for premium listed companiesActive
2022TCFD for standard listed, large private, asset managersActive
2023TCFD for asset owners, scenario analysis, product-level reportingActive
2025Consultation on ISSB S1/S2 adoption, new UK Sustainability Disclosure Requirements (SDR)Planned[1][3][8][9][10]
UK Sustainability Disclosure: Entity Coverage (2025, est.)
Estimated number of UK organizations by disclosure regime (2025).
UK Integration and Influence
  • International alignment: TCFD, ISSB, EU CSRD, GRI, SFDR[1][3][5][8][9][10]
  • Greening finance: Disclosure as a lever for net zero transition and capital allocation[1][3][4][5][7][10]
  • Comply or explain: Principle-based TCFD regime, moving to more prescriptive ISSB S1/S2[2][3][8][10]
  • SECR: Carbon and energy reporting embedded in annual reports for large UK companies[7][9]
  • Future direction: Consultation on UK-specific ISSB endorsement, SDR, and assurance[1][3][8][10]

About UK Sustainability Disclosure

The UK’s climate and sustainability disclosure regime, led by the FCA and BEIS (now DBT & DESNZ), requires TCFD-aligned reporting for listed companies, asset managers, and large corporates, and SECR energy/carbon reporting for over 11,000 organizations[1][2][3][4][5][6][7][8][9][10]. The UK is now consulting on adopting ISSB S1/S2 as the new baseline, aiming for international comparability while tailoring requirements for the domestic market. The regime is characterized by early adoption, international alignment, and integration of climate and energy disclosure into mainstream financial reporting.

Note: All data reflects official FCA, BEIS, and industry updates as of May 2025.

United Kingdom - FCA & BEIS (Financial Conduct Authority & Department for Business, Energy & Industrial Strategy)