Have you seen the UK Governments Sustainability Reporting Standards…. See below for a quick summary! #ey
The Government has today published its Framework for developing UK Sustainability Reporting Standards. Section A summarises the overall ‘endorsement’ and ‘implementation’ framework that is being established within the UK. The purpose of this section is to give interested stakeholders the information they need to understand the phases of work that need to be undertaken for the development of UK Sustainability Reporting Standards and to give effect to legislative or regulatory changes that may be made in future once the UK Sustainability Reporting Standards are finalised. This update also confirms: - Q1 2025 - for the ISSB sustainability standards endorsement process - a consultation on transition plan requirements for the UK’s largest UK companies in Q2 2024 (i.e., by the end of June) - a consultation on both the framework and technical screening criteria for the UK Green Taxonomy consultation in 2024 The FCA holds responsibility for implementation decisions that would apply to UK listed companies, while the UK government holds responsibility for implementation decisions that would apply to UK registered companies (This could also include non-company entities such as Limited Liability Partnerships or Building Societies.)
