The U.K. was one of the first to align with TCFD—but it's just getting started. With SECR, procurement-linked carbon plans, and new ISSB-based standards incoming, British businesses face a fast-evolving reporting environment.
Standard listed issuers and asset managers
Government suppliers over £5M (goods) / £35M (works)
All quoted and large unquoted UK companies + LLPs
To align with TCFD and ISSB, tackle climate risks head-on, and prevent ESG greenwashing.
TCFD-aligned reports on a comply-or-explain basis
Scope 1, 2 and selected Scope 3 emissions via SECR
Government contract bidders must have Carbon Reduction Plans
Rolling from April 2022 onward
Annual reports, Companies House, and company websites (for CRPs)
FCA Policy Overview: https://www.fca.org.uk/publication/policy/ps21-23.pdf
SECR Guidance: https://www.gov.uk/government/publications/environmental-reporting-guidelines
PPN 06/21 Details: https://www.gov.uk/government/publications/procurement-policy-note-0621-taking-account-of-carbon-reduction-plans-in-the-procurement-of-major-government-contracts