One Dataset, Three Reports: Tackling SECR, ESOS & SRS
Comprehensive guide to ESG compliance requirements for UK listed companies. Navigate TCFD, UK SRS, SECR, and other sustainability reporting requirements for LSE, AIM, and FTSE companies.
Task Force on Climate-related Financial Disclosures required for premium listed companies
Applies to: Premium listed companies
Streamlined Energy and Carbon Reporting in annual reports
Applies to: Large quoted companies
UK Sustainability Reporting Standards S1 & S2 replace TCFD
Applies to: FCA regulated entities
First annual reports with UK SRS disclosures published
Applies to: All in-scope entities
Current Requirements:
Reporting Timeline:
Annual reporting cycle
Non-Compliance Risk:
FCA enforcement action, delisting risk
Current Requirements:
Reporting Timeline:
Annual reporting cycle
Non-Compliance Risk:
Regulatory sanctions, investor pressure
Current Requirements:
Reporting Timeline:
Annual reporting cycle
Non-Compliance Risk:
Reputational damage, funding issues
UK SRS will replace TCFD for most listed companies from January 2027. The transition requires significant preparation including gap analysis, system updates, and governance enhancement.
Focus: TCFD Compliance
Focus: UK SRS Preparation
Focus: UK SRS Compliance
Public companies face intense scrutiny from ESG-focused institutional investors.
Business Impact:
Poor ESG performance can affect share price, access to capital, and institutional support.
Solution Approach:
Robust ESG strategy with transparent reporting, ambitious targets, and demonstrated progress.
Multiple overlapping regulations with different timelines and requirements.
Business Impact:
Compliance gaps can result in regulatory sanctions, reputational damage, and operational disruption.
Solution Approach:
Integrated compliance framework mapping all requirements with clear accountability and timelines.
ESG reporting requires high-quality data across complex organizational structures.
Business Impact:
Poor data quality undermines credibility and creates compliance risks.
Solution Approach:
Investment in robust data management systems with appropriate controls and verification.
Board members need expertise to provide effective oversight of ESG risks and opportunities.
Business Impact:
Inadequate board oversight can lead to strategic misalignment and governance failures.
Solution Approach:
Board training programmes and recruitment of directors with relevant ESG expertise.
Rising expectations from customers, employees, and communities for sustainable business practices.
Business Impact:
Failure to meet expectations can damage reputation, employee retention, and customer loyalty.
Solution Approach:
Authentic sustainability strategy with clear commitments and regular stakeholder engagement.
Establish dedicated board committee or designate lead director for ESG oversight.
Implementation Steps:
Integrate ESG disclosures into mainstream annual reporting rather than separate sustainability reports.
Implementation Steps:
Set emissions reduction targets validated by the Science Based Targets initiative.
Implementation Steps:
Obtain independent assurance for key ESG data and disclosures.
Implementation Steps:
| Compliance Area | Small Cap | Mid Cap | Large Cap | Description |
|---|---|---|---|---|
TCFD Implementation | £25,000 - £75,000 | £50,000 - £150,000 | £100,000 - £300,000 | One-time implementation including governance, strategy, risk management, and metrics |
UK SRS Transition | £15,000 - £50,000 | £30,000 - £100,000 | £75,000 - £200,000 | Gap analysis, system updates, and transition from TCFD to UK SRS |
Annual Compliance | £15,000 - £40,000 | £30,000 - £80,000 | £60,000 - £150,000 | Ongoing annual reporting, data collection, and assurance costs |
SBTi Validation | £20,000 - £60,000 | £40,000 - £100,000 | £75,000 - £200,000 | Science-based target setting, validation, and implementation support |
*Costs vary based on company complexity, existing systems, and level of external support required
Contact us for specialized guidance on ESG compliance requirements for listed companies.