Since 2022, premium and standard-listed companies have been required to report against Taskforce for Climate-Related Financial Disclosures (TCFD) standards. The Financial Conduct Authority’s rules demand these disclosures on a 'comply or explain' basis, creating a potentially challenging reporting environment. Key learnings from TCFD best practices in 2022-2023 show the importance of early preparation. The UK will implement Sustainability Reporting Standards (SRS) in line with ISSB by 2025, likely lowering reporting thresholds. Organizations must progress their climate strategies in 2024 to meet these enhanced requirements, leveraging Crowe's expertise in navigating complex sustainability and reporting standards globally.
Originally published by Crowe UK, 22 April 2024
Originally published by Crowe UK, 22 April 2024
