FCA listing rule
TCFD-aligned disclosures until accounting periods beginning on or after 1 January 2027; then UK SRS S2 on a comply-or-explain basis.
UKLR 6, 14, 15, 16 and 22Software · TCFD and climate disclosure, cited
TCFD reporting software: what it has to produce now
TCFD reporting software produces climate-related financial disclosures in the four-pillar shape the Task Force set, and in the UK that shape now feeds UK SRS S2 and the Companies Act.
This page sets out what each rule asks a platform to output, cited to the provision, and lists 68 vendors in their own words; this site has tested no products and ranks none.
What TCFD reporting software is now
One climate record, three UK outputs
TCFD reporting software is any product that helps a company write climate-related financial disclosures under governance, strategy, risk management, and metrics and targets.
The framework behind the name has gone: the Task Force disbanded in October 2023, and its recommendations now live inside IFRS S2 and, in the UK, UK SRS S2.
So a UK buyer is really buying for three outputs that share one record: the FCA listing-rule disclosure, the Companies Act climate disclosures, and any standard the company applies by choice.
The numbers underneath, Scope 1, 2 and 3, come from the inventory that carbon accounting software builds, and this page does not repeat how that is tested.
The rest of the page follows the lineage, then takes each output to the provision that asks for it.
One climate
record
record
Companies Act
Eight climate-related financial disclosures in the strategic report, under s.414CB(2A).
In force for financial years from 6 April 2022Voluntary standards
UK SRS S2 or IFRS S2 applied by choice, for investors, lenders or customers.
Voluntary for everyone outside the FCA rulesThe lineage
TCFD to IFRS S2 to UK SRS S2, in ten dates
The recommendations a TCFD tool was built for have not changed since 2017; what has changed is who asks for them and in what form.
Every date below is the owner’s own, linked to the document that sets it.
- December 201501
Task Force established
The Financial Stability Board set up the industry-led Task Force to develop voluntary disclosure recommendations. - June 201702
- October 202103
Guidance updated
The four recommendations and eleven disclosures were not modified; GHG emissions became a disclosure independent of a materiality assessment. - 3 November 202104
ISSB formed
The IFRS Foundation trustees announced the International Sustainability Standards Board at COP26. - 6 April 202205
Companies Act disclosures begin
Section 414CB(2A) applies to financial years commencing on or after this date. - June 202306
IFRS S2 issued
The ISSB’s climate standard, consistent with the TCFD’s recommendations and asking for more. - 12 October 202307
TCFD disbanded
Its final status report was its last task; its website was frozen from November 2023. - 25 February 202608
UK SRS S1 and S2 published
Based on IFRS S2 as amended in December 2025, for voluntary use by any entity. - 30 September 202609
FCA PS26/19
Final rules: comply or explain across UK SRS for five listing categories, replacing the TCFD-aligned rules. - Periods from 1 January 202710
UK SRS replaces TCFD for listed companies
First reporting in 2028; earlier periods follow the old rule or opt into UK SRS early.
Read the detailed guidance and references
The ISSB built on earlier initiatives, including the TCFD, the Climate Disclosure Standards Board and the SASB Standards, according to the IFRS Foundation’s ISSB page.
A new or amended ISSB standard does not apply in the UK automatically: it goes through UK endorsement first, as the FRC explains.
How the old disclosures line up against the new paragraphs is set out on IFRS S2 vs TCFD.
The TCFD’s status today
A finished framework, not a maintained one
The TCFD disbanded on 12 October 2023, and its recommendations are now a description of a shape rather than a standard anyone maintains.
Its own notice says the website will no longer be updated or monitored from November 2023, and its Knowledge Hub closed permanently on 31 December 2025.
Monitoring of companies’ climate-related disclosures passed on from 2024: the FSB’s release names the ISSB, while the Task Force’s notice names the IFRS Foundation, so this page asserts neither against the other.
The IFRS Foundation says the requirements in IFRS S2 are “consistent with” the TCFD’s four recommendations and eleven recommended disclosures, and that IFRS S2 has additional requirements.
Read the detailed guidance and references
The additions the IFRS Foundation names are industry-based metrics, planned use of carbon credits, and further information on financed emissions.
The same page says companies can continue to use the TCFD recommendations if they choose, and some may still be required to.
For software this means a “TCFD module” is the starting layer, and the questions are what it does with the additions and with the UK changes.
The framework itself, its history and its guidance are covered on the TCFD guide.
The TCFD in 2026Explore
Module 01 / 04
Disbanded
On 12 October 2023, alongside its final status report, having “fulfilled its remit”.
Module 02 / 04
Frozen
Its website has not been updated or monitored since November 2023; there is no later version of anything on it.
Module 03 / 04
Monitoring passed on
From 2024: the FSB’s release names the ISSB; the Task Force’s own notice names the IFRS Foundation.
Module 04 / 04
Carried into IFRS S2
“Consistent with” the four recommendations and eleven disclosures, plus industry metrics, carbon credits and financed emissions.
UK listed companies
From the TCFD rule to UK SRS S2, comply or explain
For listed companies, the FCA’s TCFD rule is being replaced by UK SRS on a comply-or-explain basis, not by a mandatory standard.
PS26/19 says, at ¶1.2, “Our final rules adopt a comply or explain approach across the UK SRS,” and at ¶1.10 that the rules “will replace the existing TCFD aligned disclosures.”
They apply to companies listed in UKLR 6, 14, 15, 16 and 22, for accounting periods beginning on or after 1 January 2027, with first reporting in 2028, under PS26/19.
Under UKLR 6.6.6R(7A), a company either discloses in accordance with UK SRS S2 or states which S2 requirements it has not met, why, and the steps it is taking or plans to take.
That makes the explain statement a software output in its own right: a tool should hold a gap register it can be written from.
Read the detailed guidance and references
The rule being replaced dates from PS20/17, which applied the TCFD-aligned statement to premium-listed companies for periods from 1 January 2021; PS26/19 ¶2.2 records that it was extended in 2021 to other listed issuers.
UKLR 6.6.6R(8) is rewritten rather than deleted: (c) says where the disclosures are, (d) whether third-party assurance was obtained and, if so, from whom, to what level and under which standard, and (e) whether a transition plan is published, under Appendix 1 of PS26/19.
The FCA does not require an explanation where no assurance was sought.
| Listing category | UK SRS S2 limb | Transition-plan statement |
|---|---|---|
| UKLR 6 (equity shares, commercial companies) | UKLR 6.6.6R(7A) | Yes, 6.6.6R(8)(e) |
| UKLR 14 (secondary listing) | UKLR 14.3.24R(4) | No |
| UKLR 15 (depositary receipts) | Through UKLR 15.3 | No |
| UKLR 16 (non-equity and non-voting shares) | UKLR 16.3.23R(4) | Yes, 16.3.23R(6)(c) |
| UKLR 22 (transition category) | UKLR 22.2.24R(4) | Yes, 22.2.24R(6)(c) |
How a company moves its existing TCFD report across is set out on TCFD to UK SRS migration.
- Periods before 1 Jan 2027
The TCFD rule, or UK SRS early
Meet UKLR 6.6.6R(8) as in force before 1 January 2027, or the new rules as modified by TP 16.4R (UKLR TP 16.3R). - Periods in 2027
UK SRS, comply or explain
S2 disclosures or an explain statement; Scope 3 and S1 reliefs available for this year (TP 16.4R(2) for UKLR 6). - 2028
First reports published
The FCA expects first reporting in 2028; the deadline follows each issuer’s year end. - Periods from 1 Jan 2028
Scope 3 relief gone
Scope 3 is disclosed or explained like any other S2 requirement.
The Companies Act climate disclosures
Section 414CB stays in force
The Companies Act climate-related financial disclosures are a separate duty, in force now, and PS26/19 does not touch them.
Section 414CB(A1) requires the non-financial and sustainability information statement to contain the company’s climate-related financial disclosures, and section 414CB(2A) lists the eight they are.
Under section 414CA, the duty reaches traded, banking, insurance and AIM companies and companies with turnover above £500 million, and in every case only where there are more than 500 employees.
The government confirmed in its February 2026 response that UK SRS S2 is a national reporting framework for section 414CB(6), so a company reporting under S2 need not duplicate its disclosures.
Read the detailed guidance and references
Large LLPs have an equivalent duty, and the government’s 2022 non-binding guidance covers publicly quoted companies, large private companies and LLPs together.
The disclosures sit in the strategic report, which the board approves under section 414D, so no tool takes the judgement off the directors.
The September 2026 Modernising corporate reporting consultation does not include proposals on the future of these disclosures, and says a post-implementation review is due to be completed by spring 2027.
SI 2022/31 itself requires the first review report to be published before 6 April 2027.
Who is in scope, limb by limb, is worked through on climate-related financial disclosures.
In force
6 April 2022Financial years commencing on or after this date (SI 2022/31 reg 1(2))Who
s.414CATraded, banking, insurance and AIM companies, or turnover above £500m, with more than 500 employeesWhat
s.414CB(2A)Eight descriptions, (a) to (h), in the strategic reportOmission
s.414CB(4A)Only (e) to (h), with a reasoned explanationWhat a platform must output
Four pillars, three texts, one register
The four TCFD pillars survive in both UK texts, but each text asks for them in its own words and its own paragraphs.
The last column is this site’s reading of what a platform has to hold so all three can be produced from one record.
| Pillar | TCFD recommended disclosures | Companies Act s.414CB(2A) | UK SRS S2 | What the platform must hold (this site’s reading) |
|---|---|---|---|---|
| Governance | a) board oversight; b) management’s role | (a) governance arrangements | ¶¶5–7, including how targets feed remuneration (¶29(g)) | Named bodies and roles, how often they are informed, and the link to pay |
| Strategy | a) risks and opportunities by time horizon; b) their impact; c) resilience, including a 2°C or lower scenario | (d) principal risks and opportunities and their time periods; (e) impacts on the business model and strategy; (f) resilience under different scenarios | From ¶8: ¶10 risks and time horizons; ¶13 business model; ¶14 strategy and any transition plan; ¶¶15–21 financial effects; ¶22 resilience | A dated risk register, time-horizon definitions, financial-statement line items and scenario records |
| Risk management | a) identifying and assessing; b) managing; c) integration | (b) identifying, assessing and managing; (c) integration | From ¶24: ¶25, including whether scenario analysis informs risk identification | The process, its owners, and where it meets the group risk framework |
| Metrics and targets | a) metrics; b) Scope 1, 2 and, if appropriate, 3; c) targets and performance | (g) targets and performance; (h) KPIs and their calculations | From ¶27: ¶29 cross-industry metrics, ¶29(a) gross Scope 1, 2 and 3; ¶¶33–36 targets | A GHG Protocol inventory, the seven metric categories, and target records with gross and net |
None of the eight Companies Act limbs names Scope 1, 2 or 3; limb (h) asks for the key performance indicators used against targets and the calculations behind them.
UK SRS S2 states that all its paragraphs have equal authority, appendices included, so the application guidance on scenarios and Scope 3 binds an entity applying it as much as the core text.
Scenario analysis
Three texts, three levels of rigour
Scenario analysis is where TCFD reports were weakest and where UK SRS S2 asks the most.
The FCA’s 2022 review of premium-listed companies found the most common gaps in the quantitative elements, such as scenario analysis and metrics and targets.
UK SRS S2 ¶B17 says an entity with a high degree of exposure and access to the skills, capabilities or resources is required to apply a more advanced quantitative approach.
The analysis may follow the strategic planning cycle, but under ¶B18 the resilience assessment is carried out every year and its results updated each reporting period.
Read the detailed guidance and references
The Companies Act’s limb (f) is supported by the government’s 2022 guidance, which says scenario analysis should be at least qualitative and normally renewed at least every three years; that guidance is non-binding and describes the Companies Act duty, not UK SRS.
UK SRS S2’s application guidance draws on the TCFD’s 2020 scenario guidance, which notes that most methodologies recommend three or four scenarios; it is guidance from a disbanded body and creates no duty.
For software, the test is that a scenario run keeps its own date and assumptions, and that the annual resilience assessment is a separate record that can change when the analysis does not.
The method itself is covered on IFRS S2 scenario analysis.
Scenario
analysis
analysis
TCFD (2017)
Describe the resilience of the strategy under different climate-related scenarios, including a 2°C or lower scenario.
Strategy c)Companies Act
An analysis of resilience under different climate-related scenarios; government guidance says at least qualitative, renewed at least every three years.
s.414CB(2A)(f)UK SRS S2
An approach commensurate with circumstances; quantitative for a highly exposed, resourced entity; resilience assessed every year.
¶22, ¶¶B2, B17, B18Scope 1, 2 and 3
The emissions behind the metrics pillar
UK SRS S2 asks for more on emissions than the TCFD did, and the checklist beside this lists each output with its paragraph.
The TCFD asked for Scope 1, Scope 2 and, “if appropriate”, Scope 3; UK SRS S2 ¶29(a) asks for gross Scope 1, 2 and 3, measured under the GHG Protocol Corporate Standard.
Scope 2 is required on a location-based basis, with information on contractual instruments where they inform users, and dual reporting is not required.
Scope 1 and 2 are split between the consolidated accounting group and other investees, so the tool needs the financial-statement boundary, not only an operational one.
Read the detailed guidance and references
Paragraph C4 of UK SRS S2 relieves Scope 3; the UK removed the first-year limit, so for a voluntary user the relief has no end date until law or regulation sets one under ¶C6.
For a UKLR 6 company, the FCA allows the relief for accounting periods beginning in 2027 only, under UKLR TP 16.4R(2)(a), and the company must state that it relies on both the transitional provision and ¶C4.
The other categories have parallel provisions, so name the category whenever a TP number is quoted.
How the inventory is built is the subject of carbon accounting software.
Step 1 · which regimes apply to you?
Step 2 · 11 outputs to see on a demo · 0 confirmed
Outputs are the duties in the cited provisions; the demo tests are our reading of them.
Nothing you tick is stored or sent.
The transition-plan statement
A statement about a plan, not a duty to have one
No UK listing rule requires a company to have a climate transition plan.
Companies in UKLR 6, 16 and 22 state whether they have published one, in the annual financial report or elsewhere, where it is, or why they have not, under UKLR 6.6.6R(8)(e) and its equivalents.
The FCA says in PS26/19 ¶2.36 that UK SRS S2 does not require an entity to have a transition plan, but if it has one it must disclose certain information about it.
A tool’s job is to hold the statement and, where a plan exists, keep its targets and assumptions in the same record as the disclosure; the detail is on UK SRS transition plans.
What is asked about a planExplore
Module 01 / 04
UKLR 6, 16, 22
Whether a climate-related transition plan is published, where, or why not.
Module 02 / 04
UKLR 14, 15
No transition-plan statement; the UK SRS duty still applies.
Module 03 / 04
UK SRS S2 ¶14(a)(iv)
Information about any transition plan the entity has, with its key assumptions and dependencies.
Module 04 / 04
PS26/19 ¶2.36
UK SRS S2 does not require an entity to have a transition plan.
Where TCFD reporting continues
Asset managers and pension schemes still file in TCFD terms
The listing rule is not the only place the TCFD name appears in UK law, and two populations still produce a report called a TCFD report.
Software sold for them is a different purchase from a listed company’s UK SRS tool.
| Who | Instrument and status | What they produce |
|---|---|---|
| Companies listed in UKLR 6, 14, 15, 16, 22 | FCA PS26/19 · comply or explain, periods from 1 Jan 2027 | UK SRS S2 disclosures or an explain statement; TCFD rule for earlier periods |
| Companies in s.414CA | CA 2006 s.414CB · in force since 6 April 2022 | Eight climate-related financial disclosures in the strategic report |
| FCA asset managers and asset owners in scope | ESG sourcebook · in force; product-level TCFD reports removed 25 Sep 2026 | An entity-level TCFD report, and Scope 1, 2 and 3 data on request |
| Trustees of large occupational pension schemes | SI 2021/839 · in force | A TCFD report published within seven months of the scheme year end |
| Anyone else | UK SRS S2 or IFRS S2 · voluntary | Whatever the company chooses to apply, stated as such |
The trustee duty is set out on pension scheme climate reporting, and the whole map of UK duties on TCFD reporting requirements.
The tests before you sign
Ten demonstrations, each tied to its provision
The list beside this turns each output into a demonstration a vendor can pass or fail on your own data.
Tick the ones your listing category and Companies Act position need, copy them, and send the same list to every vendor.
Start with the mapping of last year’s TCFD report, because it shows at once what the tool treats as new work.
Demo questions · tick the ones that apply
The pass tests are our reading of the cited provisions.
Nothing you tick is stored or sent.
The vendors
68 vendors, in their own words
Every vendor this site files under ESG reporting or carbon accounting, listed alphabetically, which ranks nothing.
The registry covers 73 vendors across all categories, read 11 October 2026 and 30 September–1 October 2026; the filter narrows this list.
68 vendors · esg reporting, carbon accounting
“Altruistiq helps companies with complex value chains go faster and further on sustainability”
“Intelligent AI that measures, reduces, and reports Scope 1–3 and LCA emissions in line with CDP, SBTi, CSRD, and CBAM requirements”
“Benchmark Gensuite is a unified EHS management software platform built on a single architecture—connecting safety, environmental compliance, and operational risk across every site”
“AI workflows that extract answers from your documents with full source references”
“Our software provides companies and financial institutions with precise accounting of the emissions caused by making, shipping and using critical commodities and products around the globe”
“We support financial institutions, companies, governments, and consumers in making the right decisions - efficiently, confidently, and at scale”
“Measure, reduce, and report your Scope 1, 2 and 3 emissions”
“The professional benchmarking and reporting platform built for sustainability consultants, SMEs, and the platforms that serve them”
“Coolset gives supply chain and ESG teams the structure, automation and guidance to meet complex compliance requirements like EUDR, PPWR and CSRD, and manage Scope 1-3 emissions”
“One AI-enabled EHS software platform to drive performance across employee health, safety, quality, environmental, and sustainability”
“Cozero helps enterprises steer decarbonization with the same rigor as financial performance, from data collection to investment decisions and regulatory disclosure”
“Datamaran’s AI platform empowers business leaders to confidently navigate the complex ESG landscape by transforming vast amounts of information into actionable insights”
“Dcycle is an ESG software platform founded in 2020 that helps companies collect, manage, and govern sustainability and non-financial data”
“Deepki centralizes your sustainability data, strategy and operations in one place so you can act on carbon, climate risk, and finance”
Diginex describes carbon accounting, sustainability reporting, supply chain, human rights monitoring and ESG investor intelligence for asset managers, banks and companies.
Diligent’s carbon accounting page describes a solution that “automatically collates your data and produces up to 80 different pre-configured audit-ready reports”.
Ecologi describes itself as a B Corp-certified climate action platform.
EcoOnline sells software to manage EHS and compliance.
“The Emitwise platform is now part of Green Project, where the team continues to build and deliver end-to-end decarbonization solutions”
“Enablon is Wolters Kluwer’s integrated software platform for environment, health and safety, PSM, and enterprise oversight, with ESG capabilities embedded as part of a broader risk approach”
“Collect, analyze, and report sustainability, financial, and risk KPIs with 10+ software modules – individually or in line with official standards”
“Manage safety, compliance, ESG, sustainability and operational risk from a platform built to keep programs reliable across sites, teams and operational change”
“The climate management platform built on AI, backed by dedicated sustainability experts”
“Measure, report, and reduce your company's emissions on one audit-ready sustainability management platform”
Greenomy offered ESG reporting software for “compliance with key frameworks, including CSRD, EU Taxonomy, and VSME”, in Position Green’s words.
IBM describes Envizi as a “compliance ready solution for ESG data”.
“Ideagen Carbon Accounting is an AI-powered solution designed to address complex multi-region ESG reporting challenges in carbon accounting”
IntegrityNext describes itself as a “supply chain sustainability intelligence & orchestration platform”.
“Bring safety, environment, and quality workflows into one connected platform”
IsoMetrix sells software to “manage their environmental, health, safety, sustainability, and social risks”.
“Makersite’s Product Lifecycle Intelligence software brings together your cost, environment, compliance, and risk data in one place”
“Manglai is a platform to manage all of your environmental impact”
“Measurabl makes subjective sustainability data objective”
Microsoft Sustainability Manager
“Track and reduce your environmental impact using data and AI”
A carbon management platform that, in Novisto’s words, “simplifies the collection, calculation, and reporting of corporate carbon footprints”.
“Net Zero Now exists to provide a simple, credible and affordable route to Net Zero for SMEs and to celebrate and promote those that achieve this vitally important goal”
“Normative is a carbon accounting platform that helps companies calculate, report, and reduce Scope 1, 2, and 3 emissions using 349,000 verified emission factors”
“One home for your ESG data, mapped to every framework and rating”
“Novata is a sustainability data management platform built for private market investors, deal teams, banks, and companies that need a scalable way to collect, manage, and act on sustainability data”
“One digital solution for sustainability planning, data management, reporting, analysis and action - built for enterprise”
“Our platform empowers organizations to accurately measure and manage scope 1, 2, and 3 emissions with direct and actionable information”
Oracle Fusion Cloud Sustainability
“Oracle Fusion Cloud Sustainability is a new offering to capture environmental, social, and governance data for any kind of activity that has a sustainability impact”
“osapiens is the AI platform for compliance and supplier intelligence to help companies manage risk and become more resilient”
Persefoni describes software and AI tools to manage an organisation’s “sustainability data, disclosures, and performance”.
“Your certified software for reliable emissions intelligence to measure, report and reduce your carbon footprint”
“We guide businesses in understanding their emissions, empower them to develop carbon reduction plans, and supporting them on their journey to net zero”
Position Green describes “a sustainability reporting and management platform that combines powerful software with expert advisory services”.
“Pulsora is an AI-powered sustainability and carbon management platform that automates data collection, measurement, and reporting workflows for sustainability teams”
“Digitally handle occupational safety, quality, sustainability, and environmental management”
“It leverages the full power of the Salesforce ecosystem by pulling an organization’s sustainability data into one place and creating actionable insights to guide strategic decisions”
“Measure your full carbon footprint, build your net zero strategy and develop in-house expertise with a single partner”
SAP Sustainability Footprint Management
“Decarbonize your value chain and calculate your corporate and product carbon footprint at scale with ERP-centric, AI-enabled carbon management”
“Seedling is an all-in-one carbon accounting and Net Zero planning platform for businesses of up to 2000 FTEs”
ServiceNow Operational Sustainability Management
“ServiceNow Operational Sustainability Management helps organizations manage, visualize, and report on sustainability efforts and risks across environmental, social, and governance (ESG) programs”
“SimaPro is life cycle assessment software that helps organizations measure, analyze, and reduce environmental impacts using robust datasets, scientific methods, and transparent modeling”
SINAI describes “audit-grade Scope 1–3 accounting, automated compliance reporting, complete supply chain visibility” and decarbonisation planning for global enterprises.
“Small99 Hero creates a pathway to net zero for you based on your industry, outlining how long your Net Zero journey will take and how much it will cost”
“Sphera unifies risk, safety and sustainability into a single enterprise-wide view — connecting intelligence across operations, products and supply chains”
“Sweep's AI turns sustainability data into measurable business performance”
“Manage sustainability metrics intelligently in medium-sized businesses - through automated processes, AI-powered carbon accounting, and audit-proof ESG reports”
“Terrascope is an enterprise carbon management and decarbonisation platform for companies with complex supply chains”
“Trace combines AI-powered software with expert advisory support to help organisations meet their mandatory climate and sustainability reporting obligations, efficiently and with confidence”
“Unravel Carbon is the climate platform helping companies with global supply chains make data-driven decisions”
“Carbon accounting is often the first step companies take toward climate disclosure, compliance, and action—and with Watershed, it’s part of your complete enterprise sustainability platform”
Workday (supplier sustainability)
“Turn sustainable sourcing into a competitive advantage with Workday supplier sustainability solutions”
“Workiva Carbon is an end-to-end carbon accounting software solution that enables organizations to measure, manage, collaborate on, and report emissions data”
“Worldfavor is a supply chain due diligence platform founded in Stockholm in 2016”
“Carbon management software with experts built in, so you can move from measurement to action without spreadsheets or one-off consulting projects”
Alphabetical, which ranks nothing. Each description is the vendor’s own words from its own site, read 11 October 2026 and 30 September–1 October 2026; prices appear only where the vendor publishes one. No product here has been tested by this site.
Of these, 36 make a published claim about ISSB, IFRS S2 or UK SRS on the pages this site read: 34 about ISSB or IFRS S2 and 8 about UK SRS (Altruistiq, Climatise, Compare Your Footprint, Greenly, Nossa Data, osapiens, Sweep, Trace).
15 name the TCFD in their description or claims: Benchmark Gensuite, Clarity AI, Cority, Enablon, Evotix, Greenly, IBM Envizi ESG Suite, IsoMetrix, Net Zero Now, Novata, Oracle Fusion Cloud Sustainability, Sami, ServiceNow Operational Sustainability Management, Sweep, Watershed.
Those counts read the vendors’ words, not their products; a vendor whose pages do not say UK SRS may still produce it, so ask, and the claims are set side by side on carbon reporting software.
The words buyers use
TCFD software, climate disclosure software, one market
TCFD reporting software, climate disclosure software and climate reporting software describe the same products from different ends.
The disclosure names fit the output; climate risk reporting software fits the register and scenario work behind it.
Where the need is the global standard rather than the UK text, the guide to IFRS S2 reporting software sets out what the ISSB’s text asks a system to produce.
Read the detailed guidance and references
UK SRS S2 differs from IFRS S2 only where Annex A of the government’s consultation response says it does, including “may” rather than “shall” for the industry-based guidance at ¶¶12, 23 and 32, and the removal of the time limit on the Scope 3 relief.
A tool configured for IFRS S2 therefore needs those UK changes switched on, not a separate product.
Many vendors list TCFD, ISSB and CSRD side by side; for a UK company, the question is which of them it actually files.
Names for the same jobExplore
Module 01 / 04
TCFD software
Named after a framework that disbanded in 2023; still the commonest search.
Module 02 / 04
Climate disclosure software
The output-side name: the governance, strategy, risk and metrics text.
Module 03 / 04
Climate risk reporting software
The risk-side name: the register, time horizons and scenario results.
Module 04 / 04
IFRS S2 software
The global-standard name; UK SRS S2 is its UK text.
Cost
Disclosure, scenarios and Scope 3 are often priced apart
Most vendors do not publish a price.
Of the 68 in this guide, 6 publish a figure on their own pages and 4 publish a free tier or plan; the rest are recorded as Enterprise level · TBD.
Disclosure management, scenario analysis and Scope 3 supplier data can each be a separate module or licence, so ask for a quote that names them.
The worksheet beside this totals a three-year cost from the figures in your own quotes; it holds no vendor price.
Your three-year cost · your numbers only
Three-year total £0
Licences, three years£0
Implementation and migration£0
Training and support£0
Added entities£0
Exit£0
Arithmetic on the figures you type, from the vendor’s written quote.
Added entities are counted for an average of one and a half years each. This page states no vendor price and estimates none.
Nothing is stored or sent.
Choosing without a ranking
“Best” is a question about your listing and your duties
There is no best TCFD reporting software in general, and a list that names one has chosen the criteria that produce its answer.
Several of the pages ranking for these searches in the UK are published by vendors, and some still describe the TCFD as a live framework, so read the date and the author first.
The useful question is which product produces your outputs, shown on your own data, under the rules that apply to your accounting period.
- 1
Name the outputs
Listing category, Companies Act position, any voluntary standard, any pension or asset-manager report.
- 2
Map last year’s report
Eleven TCFD disclosures to UK SRS S2 paragraphs; list what is new.
- 3
Check the inventory
Gross Scope 1, 2 and 3, location-based Scope 2, the group split.
- 4
Test the statements
Explain, location, assurance and, for UKLR 6, 16 and 22, the transition plan.
- 5
Check the exit
What you can take away: disclosures, register, scenarios and history.
A practical buying sequence
A demonstration that proves the move to S2
A suggested sequence for comparing proposals; it is not a claim that any listed product passes these tests.
- 01 / Brief01
Name the period and the rules
Which accounting period is first under UK SRS, and which statements your category makes. - 02 / Map02
Load last year’s TCFD report
Each recommended disclosure against its UK SRS S2 paragraph. - 03 / Gaps03
Write one explain statement
Requirement, reason and steps, from the gap register. - 04 / Numbers04
Reproduce the inventory
Gross Scope 1, 2 and 3 with the group split and location-based Scope 2. - 05 / Export05
Every vendor profile follows one method: the vendor’s own words, dated, with what its pages claim on SECR, UK SRS, ISSB, CSRD, ESOS, PPN 006, CBAM, LCA and Scope 3.
The UK SRS duty itself, paragraph by paragraph, is on the UK SRS S2 guide.
This site has tested no products
Nothing on this page is a rating, ranking or recommendation of any product.
Vendors appear because the registry files them under ESG reporting or carbon accounting, in alphabetical order.
Frequently asked
TCFD reporting software, answered
What is TCFD reporting software?
Software that helps a company produce climate-related financial disclosures in the shape the Task Force on Climate-related Financial Disclosures set: governance, strategy, risk management, and metrics and targets.
In the UK in 2026 that shape feeds three outputs: the FCA listing-rule disclosure, the Companies Act climate-related financial disclosures, and UK SRS S2 or IFRS S2 where a company applies them.
The duty and the judgements stay with the company and its board.
Is TCFD reporting still required in the UK?
Two things are true at once.
The FCA’s TCFD listing rule applies until it is replaced: PS26/19 says the new rules “will replace the existing TCFD aligned disclosures” for accounting periods beginning on or after 1 January 2027.
The Companies Act climate-related financial disclosures under section 414CB stay in force, for financial years from 6 April 2022, and are not described in TCFD terms in the statute.
FCA asset managers and asset owners keep an entity-level TCFD report, and trustees of large pension schemes publish one under SI 2021/839.
What is the best TCFD reporting software for UK listed companies?
This site does not rank products and has tested none, so it names no best.
For a listed company the test is whether the software produces UK SRS S2 disclosures and, where it cannot, the explain statement UKLR 6.6.6R(7A)(b) requires: a summary of the requirements not met, the reasons, and the steps planned.
Add the location, assurance and transition-plan statements, gross Scope 1, 2 and 3 under the GHG Protocol, and an export of all of it.
Is UK SRS S2 mandatory for listed companies?
No. Under the FCA’s PS26/19, companies listed in UKLR 6, 14, 15, 16 and 22 report against UK SRS on a comply-or-explain basis for accounting periods beginning on or after 1 January 2027, with first reporting in 2028.
UK SRS S1 and S2 are voluntary for everyone else, as published by the Department for Business and Trade on 25 February 2026.
Does the TCFD still exist?
No. The Task Force disbanded on 12 October 2023, alongside its final status report, and its website has not been updated or monitored since November 2023.
Its Knowledge Hub closed permanently on 31 December 2025.
The four recommendations and eleven recommended disclosures are unchanged since the June 2017 Final Report; October 2021 changed only the guidance.
Will TCFD reporting software work for UK SRS S2 and IFRS S2?
Partly.
The IFRS Foundation says IFRS S2 is consistent with the TCFD’s four recommendations and eleven recommended disclosures, and then adds requirements: industry-based metrics, planned use of carbon credits and financed emissions.
UK SRS S2 is IFRS S2 as amended in December 2025, with the UK changes in Annex A, including “may” rather than “shall” for the industry-based guidance at ¶¶12, 23 and 32.
Ask the vendor to map last year’s report to S2 paragraph by paragraph.
What must climate disclosure software produce for the Companies Act?
The eight descriptions in section 414CB(2A): governance; how risks and opportunities are identified, assessed and managed; how that is integrated into overall risk management; the principal risks and opportunities and their time periods; their impacts on the business model and strategy; an analysis of resilience under different climate-related scenarios; targets and performance against them; and the key performance indicators and their calculations.
Only (e) to (h) may be omitted, with a reasoned explanation.
Can UK SRS S2 disclosures meet the Companies Act duty?
Yes.
The government confirmed in its February 2026 consultation response that UK SRS S2 is a national reporting framework for section 414CB(6), so a company reporting under UK SRS S2 need not duplicate its disclosures to meet section 414CB(2A).
It also said it will consider the future of the section 414CB(2A) obligations.
Do I need scenario analysis software?
You need scenario analysis, not necessarily software for it.
The Companies Act asks for an analysis of resilience under different climate-related scenarios, which the 2022 government guidance says should be at least qualitative.
UK SRS S2 requires an approach commensurate with the entity’s circumstances, requires a more advanced quantitative approach of a highly exposed entity with the resources, and requires the resilience assessment to be updated every year (¶¶B17–B18).
Does TCFD reporting software need to handle Scope 3?
For UK SRS S2, yes, unless a relief is used. ¶29(a) asks for gross Scope 1, 2 and 3; ¶C4 relieves Scope 3, and for a listed company in UKLR 6 the FCA allows that relief for accounting periods beginning in 2027 only, under UKLR TP 16.4R(2)(a).
The TCFD’s own wording was Scope 3 “if appropriate”, and the Companies Act limbs do not name Scope 1, 2 or 3 at all.
What is climate risk reporting software?
The same market seen from the risk side: software that holds a climate risk register, time horizons, scenario results and the financial effects of each risk.
The disclosure test is the same: UK SRS S2 ¶10 asks for the risks and opportunities and how the entity defines short, medium and long term, and ¶¶24–26 for the risk-management process and its integration into overall risk management.
Must a listed company have a transition plan?
No. The FCA says in PS26/19 ¶2.36 that UK SRS S2 does not require an entity to have a climate-related transition plan.
Companies in UKLR 6, 16 and 22 state whether they have published one, where, or why not, under UKLR 6.6.6R(8)(e) and its equivalents; UKLR 14 and 15 carry no such statement.
How much does TCFD reporting software cost?
Most vendors do not publish a price.
Of the 68 vendors this guide lists, 6 publish a figure on their own pages and 4 publish a free tier or plan; the rest are recorded as Enterprise level · TBD.
Scenario modules, Scope 3 and disclosure management can be priced separately, so ask for a three-year cost that names them.
Has this site tested any TCFD reporting software?
No. This site has tested no products.
The page is built from the TCFD’s own documents, UK SRS S2, the FCA’s PS26/19 and the Companies Act, each cited to its provision, and the vendor directory quotes only what each vendor publishes about itself.
Sources
Primary sources
Every requirement on this page traces to the provision listed here.
Vendor descriptions, prices and ownership are cited on each vendor’s profile to the vendor’s or acquirer’s own page.
Checked against 25 sources fromTask Force on Climate-related Financial DisclosuresFinancial Stability BoardIFRS FoundationDepartment for Business and TradeFinancial Conduct Authoritylegislation.gov.uk
- Task Force on Climate-related Financial DisclosuresFinal Report: Recommendations of the TCFD (June 2017), Figure 4
The four recommendations and eleven recommended disclosures.
- Task Force on Climate-related Financial DisclosuresImplementing the Recommendations of the TCFD, October 2021 Annex, §A.1
October 2021 updated the guidance, not the four recommendations or the eleven disclosures.
- Task Force on Climate-related Financial Disclosuresfsb-tcfd.org: the disbanding notice
Disbanded on 12 October 2023; the site has not been updated since November 2023.
- Financial Stability BoardFSB publishes annual progress report on climate-related disclosures (12 October 2023)
The TCFD’s final task, and the monitoring request.
- IFRS FoundationISSB and TCFD
IFRS S2 is “consistent with” the TCFD’s recommendations, and adds requirements.
- IFRS FoundationInternational Sustainability Standards Board
Formed 3 November 2021; IFRS S2 issued June 2023.
- IFRS FoundationIFRS S2 Climate-related Disclosures
The global standard UK SRS S2 is based on.
- Department for Business and TradeUK SRS S2 Climate-related Disclosures (PDF)
Governance ¶¶5–7, strategy from ¶8, risk management from ¶24, metrics and targets from ¶27; Appendices B and C.
- Department for Business and TradeUK Sustainability Reporting Standards S1 and S2
Published 25 February 2026 for voluntary use.
- Department for Business and TradeUK SRS consultation response (PDF), Chapter 3 and Annex A
UK SRS S2 is a national reporting framework for s.414CB(6); the differences from IFRS S2.
- Financial Conduct AuthorityPS26/19 — aligning listed issuers’ sustainability disclosures with international standards
Comply or explain across UK SRS for UKLR 6, 14, 15, 16 and 22, periods from 1 January 2027.
- Financial Conduct AuthorityPS26/19 (PDF): ¶¶1.2, 1.10, 2.36, 3.12 and Appendix 1 (UKLR 6.6.6R, TP 16)
The explain statement, the transition-plan statement and the Scope 3 relief.
- Financial Conduct AuthorityPS20/17 — the TCFD listing rule
The rule PS26/19 replaces, for periods from 1 January 2021.
- Financial Conduct AuthorityReview of TCFD-aligned disclosures by premium listed commercial companies (July 2022)
The most common gaps were scenario analysis and metrics and targets.
- legislation.gov.ukCompanies Act 2006, section 414CA
Who makes the climate-related financial disclosures.
- legislation.gov.ukCompanies Act 2006, section 414CB(A1), (2A), (4A) and (6)
The eight disclosures, the limited omission rule and national frameworks.
- legislation.gov.ukSI 2022/31, regulations 1 and 5
Financial years from 6 April 2022; first review report before 6 April 2027.
- legislation.gov.ukCompanies Act 2006, section 414D
The board approves the strategic report the disclosures sit in.
- Department for Business, Energy and Industrial StrategyClimate-related financial disclosures by publicly quoted companies, large private companies and LLPs: non-binding guidance (February 2022)
Scenario analysis “at least qualitative”, renewed at least every three years.
- Task Force on Climate-related Financial DisclosuresGuidance on Scenario Analysis for Non-Financial Companies (October 2020)
Practice UK SRS S2’s application guidance draws on; not a requirement.
- Department for Business, Innovation, Science and TradeModernising corporate reporting (consultation, September 2026), ¶¶147–148
No proposals on the future of the climate-related financial disclosures; a review due by spring 2027.
- Financial Reporting CouncilSustainability Reporting Developments: FAQs
New ISSB standards need UK endorsement before they apply in the UK.
- GHG Protocol (WRI, WBCSD)A Corporate Accounting and Reporting Standard
The measurement basis UK SRS S2 ¶29(a) uses.
- Financial Conduct AuthorityESG Sourcebook, chapter 2
Asset managers and asset owners keep an entity-level TCFD report.
- legislation.gov.ukSI 2021/839 — occupational pension schemes climate governance and reporting
Trustees of large schemes publish a TCFD report.