The UK’s corporate reporting landscape is changing – fast!
The UK is about to welcome a raft of ESG regulations, including the UK Sustainability Reporting Standards (UK SRS), IFRS S1 and IFRS S2.
What this means is that the days of voluntary, fragmented ESG disclosure are largely over. Instead, they’re being replaced by mandatory standards akin to the same level of discipline and disclosure as your financial accounts.
We know this transition might feel like a compliance headache, but it’s actually a huge opportunity for CFOs to future-proof their business.
Here is what is changing and how you can get ahead of the curve.
Following the government’s Green Finance Strategy, the UK is preparing to adopt the global standards set by the International Sustainability Standards Board (ISSB). This global baseline for reporting includes several key frameworks and sets a structured, transparent standard for disclosing sustainability-related risks and opportunities. These global baselines will form the backbone of the new UK Sustainability Reporting Standards (UK SRS).
Starting this year, these frameworks seriously evolve the sustainability reporting landscape:
The bottom line? You need investor-grade data. Spreadsheets and manual data entry just won’t cut it when the auditors come knocking.
As well as calculating your data, these new standards require clear audit trails and consistent methodologies (especially for the notoriously tricky Scope 3 emissions).
To complicate matters, many current systems aren’t built for this level of scrutiny. If you don’t have full control and visibility of your ESG metrics, compliance becomes risky, time-consuming and expensive.
We provide the digital infrastructure you need to hit that high bar set by the new UK standards.
Here’s how Axiom can help:
1. Meet IFRS S1: You need a complete overview of risk across your organisation. Our software automates the heavy lifting, pulling data from energy meters, procurement systems and ERPs into a single platform. Crucially, every data point is time-stamped, giving you the audit trail regulators demand.
2. Meet IFRS S2: This framework is all about comprehensive emissions reporting. Axiom handles the complex Scope 1 and 2 calculations for you using recognised emission factors. Plus, our value chain tools simplify the difficult task of calculating Scope 3, moving you away from estimates and toward accurate, primary data.
3. Stress-Free Reporting: The output matters just as much as the input. As the UK SRS is finalised, our platform ensures your data is structured exactly as regulators want it, saving your reporting team from the usual year-end scramble.
2026 is a clear turning point. But, by using digital tools like ours, you can stop worrying about reactive compliance and start turning your sustainability data into a strategic asset.
AXIOM is a powerful cloud-based platform that helps your business monitor, analyse and improve sustainability performance.
Using specialist technology, we equip businesses with a tool which enables them to track their environmental and social performance whilst also improving governance – identifying and mitigating risks associated with business operations and relationships.
Book your free demo here.
