UK Releases Draft Sustainability, Climate Reporting Standards Aligned with IFRS
IFRS-Aligned UK Standards Released: The UK’s draft Sustainability Reporting Standards (UK SRS) closely follow the ISSB’s IFRS S1 and S2, with key UK-specific modifications. Extended Climate-First Relief Proposed: Businesses may receive a two-year grace period to focus first on climate disclosures—double the ISSB’s one-year provision. Mandatory Reporting Under Review: Government seeks input on the cost-benefit […]
NatWest, NAB, SC Ventures Launches SME Climate Transition Platform ‘FourTwoThree’
FourTwoThree, backed by NatWest, NAB, and SC Ventures, aims to mobilize SME climate action by simplifying Scope 3 emissions measurement and enabling sustainable financing. The platform supports seamless data-sharing across enterprises and their SME networks, unlocking competitive advantage and regulatory compliance for banks and corporates. FourTwoThree’s acquisition of PointSource will further automate SME access to […]
