Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, when she plans to bring forward legislative proposals to implement the Sustainability Disclosure Standards.

The Green Finance Strategy (March 2023) set out the Government’s plans for endorsement of the International Financial Reporting Standards (IFRS) Foundation’s recently published sustainability disclosure standards. This document explained that the Government is establishing an endorsement process that will assess the suitability of the standards for use for UK companies, with the aim of publishing a UK-endorsed version of the standards that could be used by UK companies. This version of the standards will form the basis of any regulatory or legal changes that Government or the Financial Conduct Authority may wish to make at a later stage.