UK Finance members support embedding the UK Sustainability Reporting Standards (SRS) within the Listing Rules and aligning closely with the International Sustainability Standards Board (ISSB) baseline. The FCA has struck a positive balance between ambition and flexibility, allowing firms to use 'comply or explain' in their reporting of less established sustainability disclosures.

 

In our response we suggest a few areas for improvement, and give an overview of our members' views on key next steps, including on implementation, supervisory approach and assurance.