TCFD vs UK SRS S2: Understanding the Evolution of Climate Disclosure
20 August 2025
Authors
Vasudha Saraogi
Senior ConsultantVasudha@orbisadvisory.com
Lena Sassenfeld
Senior ConsultantLena@orbisadvisory.comAs the regulatory landscape for climate-related financial disclosures continues to evolve, many UK listed companies are seeking clarity on the potential transition from TCFD to UK SRS S2 (IFRS S2) reporting. With the UK Government expected to make a decision on this shift in Autumn 2025, now is the time to understand the implications.
Our comprehensive infographic compares these two frameworks across the four core disclosure pillars—Governance, Strategy, Risk Management, and Metrics & Targets. While both frameworks share the same foundational structure, UK SRS S2 introduces enhanced requirements including:
More prescriptive materiality assessments
Enhanced quantitative disclosure expectations
Standardised cross-industry metrics for improved comparability
Detailed scenario analysis requirements
How Orbis Advisory Can Support Your Climate Disclosure Journey
Whether you need to meet regulatory requirements or are pursuing voluntary climate reporting, Orbis Advisory is well-equipped to support organisations at every stage:
TCFD Report Preparation: Complete end-to-end support for regulatory-compliant or voluntary TCFD reporting
Scenario Analysis Expertise: Our team brings extensive experience in climate scenario analysis to help you assess potential future impacts
Future-Proofing Strategy: We structure TCFD reports to enable seamless transition to UK SRS S2, should the regulatory shift occur
Readiness Assessments: Identify 'low-hanging fruit' and easy amendments that prepare your reporting for potential S2 requirements
Strategic Positioning: Position your organisation ahead of regulatory changes while maximising current compliance benefits
The transition represents both a compliance challenge and a strategic opportunity. Organisations that begin preparing for potential UK SRS S2 adoption now will benefit from improved stakeholder confidence, enhanced risk management capabilities, and a competitive advantage in an increasingly sustainability-focused market.
For more detailed information about recent amendments to UK SRS S2 guidance, please refer to our comprehensive analysis.
Stay ahead of the curve, visit our ESG Regulatory Portal for regular updates on UK SRS, IFRS S2, and other ESG regulatory developments and contact us at info@orbisadvisory.com for any future needs
