Question to the HM Treasury:

To ask the Chancellor of the Exchequer, when he plans to bring forward legislation to implement the sustainability disclosure requirements regime.

Sustainability Disclosure Requirements (SDR) is a framework to facilitate and simplify the flow of robust, decision useful information between corporates, consumers, investors, and capital markets.

Mobilising Green Investment: 2023 Green Finance Strategy contains the plans of both the Government and the regulators to take SDR forward, building on global best practice and leading standards. This includes the Government's plans to establish an endorsement process that will assess the suitability of standards issued by the International Sustainability Standards Board (ISSB) for use by UK companies.

The UK has already implemented mandatory Taskforce for Climate-related Financial Disclosures (TCFD) requirements across the economy, and the Financial Conduct Authority is taking forward further Sustainability Disclosure Requirements for authorised financial services firms and listed companies under their existing powers.