UK-specific sustainability disclosure standards are expected to publish next year, a UK government publication announced. The UK sustainability disclosure standards (SDS) will set out corporate disclosures on the sustainability-related risks and opportunities that companies face, the publication said.
The standards will be based on the IFRS standards issued by the International Sustainability Standards Board, the publication from the Department for Business and Trade (DBT) said, and will only divert from the global baseline if necessary for UK-specific matters.
"They will