Scope
UK companies/LLPs with >500 employees and either traded/banking/insurance status or >£500m turnover
UK · regulation
Climate-related Financial Disclosures (SI 2022/31)
Companies (Strategic Report) (Climate-related Financial Disclosure) Regulations 2022 — CA 2006 ss.414CA/CB
Penalties
FRC/Conduct Committee review; director liability for misstatements
Last verified
2026-08-22
In plain language
What this law does
Mandatory TCFD-aligned Dictionary termClimate disclosureThe practice of companies and financial institutions publicly reporting climate-related risks, opportunities, governance, strategy and emissions — now shifting from voluntary frameworks to mandatory law.Read the full definition in the Strategic Report — the eight s.414CB(2A)(a)–(h) disclosures spanning governance, risk management, scenario Dictionary termResilienceThe capacity of a system — ecosystem, community, economy, infrastructure — to absorb disturbance, adapt and continue to function.Read the full definition , targets and KPIs, on a single-Dictionary termMaterialityA judgement about which sustainability matters are significant enough to influence decisions or represent an organisation's most consequential impacts.Read the full definition basis.
Formal requirements
What the law requires
Reviewed provisions grouped by practical purpose. Use the official text for the full legal context.
Who and what it covers
UK companies and LLPs with >500 employees AND either >£500m turnover (or, for listed, >£500m turnover threshold applies to traded companies, banking companies and insurers). Applies from accounting periods beginning on or after 6 April 2022
SI 2022/31 — Large and Medium-sized Companies and Groups (Accounts and Reports) (Amendment) Regulations 2022 · instrument-level citation
Dictionary
Key terms for this law
Terms with a retained, published connection to this legal source.