Process · one reporting cycle
UK SRS reporting calendar: one cycle, stage by stage
The rules fix two dates in a UK SRS cycle: when the period starts, and how soon after it ends the report must be out.
Everything else is the order of work between them, and each stage answers to a provision.
The stages
Seven stages in order
The first two stages happen before the period opens, because data that is not captured during the year can only be estimated or explained afterwards.
The close is the hinge: UK SRS S1 ties the disclosures to the financial statements in entity, assumptions and timing.
The last date is set by DTR 4.1, which gives a listed company four months from its year end.
- Before the periodAssess materialityWhich sustainability-related risks and opportunities could affect prospects.UK SRS S1 ¶¶17–19
- Before the periodFix the boundary and data planSame reporting entity as the financial statements.UK SRS S1 ¶20
- During the periodCapture the dataEmissions activity, exposures, capex tagging, remuneration.UK SRS S2 ¶29
- Year endClose with the accountsConsistent assumptions; reviewed figures.UK SRS S1 ¶¶21–24
- After year endDraft disclosures and explanationsIncluding relief statements.UKLR 6.6.6R(7A), (7B)
- After year endComplete the statementsLocation, assurance and, where it applies, transition plan.UKLR 6.6.6R(8)(c)–(e)
- Within 4 monthsPublish with the annual financial reportDTR 4.1.3R; S1 ¶64
The first cycle
What is different the first time
The first cycle is lighter by design, through reliefs set by the Standards and the FCA’s rules.
The second cycle is the heavier one: comparatives arrive, and Scope 3 joins comply or explain.
Work done in the first cycle for Scope 3 and comparatives is what the second cycle relies on.
The parts the cycle produces are listed on the report checklist.
| First cycle | Later cycles |
|---|---|
| No comparatives | Comparatives for the prior period |
| Scope 3 relief available | Scope 3 disclosed or explained |
| Climate-first relief available | Available for one more period, then all of S1 |
Frequently asked
Questions people ask
When does UK SRS reporting work start?
Before the period begins.
The data for a period has to be captured during it, and the disclosures are due with the accounts.
For a calendar-year listed company the first period runs from 1 January 2027.
What is the UK SRS reporting deadline?
The disclosures are reported at the same time as the financial statements (UK SRS S1 paragraph 64), and a listed company’s annual financial report must be public within four months of the year end (DTR 4.1.3R).
Is materiality assessed every year under UK SRS?
Yes.
Materiality judgements are made at each reporting date, so a matter left out one year may need disclosing the next.
Sources
Primary sources
Every figure, date and status on this page traces to the instrument’s owner.
Secondary commentary is never the source for a number.
- Department for Business and TradeUK SRS S1 General Requirements for Disclosure of Sustainability-related Financial Information (25 February 2026)
¶¶17–19 materiality; ¶20 reporting entity; ¶64 timing.
- Department for Business and TradeUK SRS S2 Climate-related Disclosures (25 February 2026)
The climate Standard, including Appendix C on transition.
- Financial Conduct AuthorityPS26/19: Aligning listed issuers’ sustainability disclosures with international standards (30 September 2026)
The final rules: comply or explain across UK SRS for UKLR 6, 14, 15, 16 and 22.
- Financial Conduct AuthorityPS26/19 — full text, including the made instrument (UKLR 6.6.6R(7A), (7B), (8) and UKLR TP 16)
Scope, timing, reliefs and the rule text itself.
- Financial Conduct AuthorityFCA Handbook, UKLR 6.6 — annual financial report (as from 1 January 2027)
The rule the new disclosure limbs sit in.
- Financial Conduct AuthorityFCA Handbook, DTR 4.1 — the annual financial report within four months
Sets when the report carrying the disclosures must be public.
- Financial Conduct AuthorityDraft Technical Note 803.1 (September 2026, for consultation)
Draft guidance on what an explanation should contain; comments by 28 October 2026.
- Financial Conduct AuthorityPrimary Market Bulletin 66
The FCA’s preparation steps and the consultation on its draft guidance.
- Financial Reporting CouncilISSA (UK) 5000 General Requirements for Sustainability Assurance Engagements
¶15 effective date; ¶¶190, 198L and 198R on the two levels of assurance.
- Financial Reporting CouncilSustainability reporting developments — frequently asked questions
Confirms a voluntary reporter can use the reliefs without time limits.
- Department for Business and TradeUK Sustainability Reporting Standards: UK SRS S1 and UK SRS S2 — publication page
Where both Standards were published on 25 February 2026.