UK FCA drops mandatory IFRS-based climate reporting in favour of comply-or-explain
ESG Today · 2026-09-30
The FCA scrapped plans to make climate disclosures mandatory for UK listed companies, applying comply-or-explain to all UK SRS S1 and S2 requirements while keeping Scope 3 relief. Rules cover periods from 1 January 2027, with first reports in 2028, which may leave investors with patchier climate data.
Vocabulary
Read source ↗- comply-or-explainfollow the rule or publicly explain why not
- Scope 3 reportingreporting indirect emissions across the value chain
- decision-usefulinformation that actually helps investors make decisions