Calendar
Key upcoming dates and milestones for sustainability and ESG
2025
UK SRS: UK Sustainability Reporting Standards (SRS) published – Q1 2025
UK SDR: UK Sustainability Disclosure Requirements (SDR) rules on labelling of sustainability-focused funds to come into force – April 2025
ESMA: ESMA Guidelines on fund names using ESG or sustainability-related terms to apply to funds which existed before the rule change – 21 May 2025
London Climate Action Week 2025 – 21-29 June 2025
New York Climate Action Week 2025 – 21-28 September 2025
COP: COP30, Belém, Brazil – November 2025
SBTi: Corporate Net-Zero Standard (CNZS) V2.0 to come into force – by end of 2025
2026
UK SRS: UK listed companies need to begin work on their IFRS Sustainability Standards (ISSB Standards) and transition plan reporting, in order to be ready for next year
2027
UK CBAM: UK Carbon Border Adjustment Mechanism (CBAM) comes into force, initially addressing aluminium, cement, fertiliser, hydrogen, iron and steel. 1 January 2027
UK SRS: UK Sustainability Reporting Standards (SRS) to become mandatory for FY26 reporting, making the IFRS Sustainability Standards S1 and S2 (the ISSB Standards) and transition plan reporting mandatory – FY26 reporting
2028
CSRD: (The following is based on the current Omnibus proposal but is not final) – Large companies with over 1,000 employees, including non-EU companies listed on an EU market and large EU subsidiaries of US companies, are to report CSRD. A large company or undertaking is here defined as meeting two or more of the following criteria, in two consecutive financial years: >250 employees, >€25m balance sheet, >€50m turnover – FY27 reporting.
2029
CSRD: (The following is based on the current Omnibus proposal but is not final) – Non-EU undertakings with EU branches / subsidiaries must report ESRS for the previous business year. This applies if the non-EU undertaking has a net turnover generated within the EU above €450 million, and if it has either subsidiaries that are large undertakings or SMEs with securities traded on an EU market; or if it has branches with net turnover generated in the EU above €50 million – 1 Jan 2029
2030
UK 2030 Clean‑Power target: majority of UK electricity generation from low‑carbon sources by end 2030 (Clean Power 2030 Action Plan).
Global Goal on Nature: halt and reverse biodiversity loss by 2030 (Kunming-Montreal Global Biodiversity Framework).