The UK government is upgrading how companies disclose sustainability information. This summer, it launched a consultation on its new UK Sustainability Reporting Standards (UK SRS). The new standards will be based on the IFRS S1 and S2 developed by the International Sustainability Standards Board (ISSB). The consultation closes on 17 September, with the final standards due by the end of 2025.

This matters for every business in the UK. But it’s also a huge opportunity for ERP platforms to step up, support their customers, and become the heroes of sustainable business.

Why align with international standards?

For years, companies have faced a patchwork of reporting rules across different countries. The UK SRS brings the country in line with global best practice, streamlining disclosures for companies operating internationally and ensuring that investors have comparable, decision-useful information.

Investor groups have strongly supported this move. Stronger sustainability data reduces risk, supports long-term value creation, and even lowers the cost of capital. The UK government sees it as a way to cement its position as a global centre for sustainable finance.

What’s changing?

The new standards are an upgrade. Here are some of the key takeaways companies need to know:

• From climate to broader sustainability: Expands disclosures beyond climate risks to cover wider sustainability-related risks and opportunities.
• Focus on economically significant entities: The requirements will apply to large, high-impact companies first, but SMEs in their supply chains will feel indirect pressure to provide data.
• Carbon credit disclosure: Companies may be required to report on any use of carbon credits in a given reporting year.
• Sector-specific reporting: Amongst other changes, transport operators may need to report on time spent in marine protected areas
• Alignment across borders: Because UK SRS mirrors ISSB’s standards, companies working across the UK, EU, and beyond will have a more consistent framework.
• Costs of compliance: Companies will face upfront costs — from staff training to new systems, better data sharing, and third-party assurance. But the long-term payoff is more resilient, future-proof businesses.

Why this matters for ERP platforms

Companies need help unravelling their sustainability data, especially scope 3 emissions. Spanning across value chains, they’re the hardest to track, yet are becoming unavoidable in disclosures.

This creates a golden opportunity for platforms:

• Enable compliance: By integrating emissions intelligence, you make it easy for customers to meet UK SRS requirements without extra manual work.
• Create competitive advantage: Platforms that provide sustainability insights will be more attractive to enterprise buyers who are under pressure from regulators, customers, and investors.
• Lead with innovation: Your platform can empower CFOs, sustainability teams, and shippers to make greener decisions in real time.

Companies that adapt fastest will not only avoid compliance headaches but also win more deals, access better financing, and stay ahead of the competition. Platforms that help them get there become indispensable.

Generate a new green revenue stream with Lune

Platforms are capturing this opportunity with Lune. Industry leaders like Payhawk, Forto, and Logixboard are increasing customer value and product stickiness by turning their customers' sustainability challenges into opportunities.

Lune’s emissions intelligence integrates seamlessly into ERP, logistics, and spend management platforms. It takes messy spend and activity data from invoices, receipts, and shipment records etc., and enriches it with granular, audit-ready scope 3 emissions data.

Because Lune’s methodology goes beyond industry standards, customers can trust that the insights they provide are accurate, transparent, and compliant with global standards like ISSB — and soon, UK SRS.

The UK was one of the first countries to mandate climate reporting. With UK SRS, it’s signalling that the bar is rising to investor-grade information.

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