Materiality Master
UK SRS 1 & UK SRS 2

UK SRS Materiality Assessment Software for UK-Listed Companies

Identify and assess sustainability-related risks and opportunities aligned with UK Sustainability Reporting Standards. Built for companies reporting under UK SRS 1 and UK SRS 2, endorsed by the FCA and aligned to ISSB.

What is a UK SRS Materiality Assessment?

The UK Sustainability Reporting Standards (UK SRS) are the UK-endorsed versions of the ISSB's IFRS S1 and IFRS S2, developed by the Financial Reporting Council (FRC) and mandated by the FCA for UK-listed companies. A UK SRS materiality assessment identifies sustainability information that is material to enterprise value — focusing on risks and opportunities that could affect a company's financial position, performance, and cash flows.

UK SRS 1

General Sustainability-related Financial Disclosures

UK SRS 1 sets out requirements for identifying and disclosing material sustainability-related financial information across all sustainability topics. It covers governance, strategy, risk management, and metrics — closely aligned with IFRS S1.

UK SRS 2

Climate-related Financial Disclosures

UK SRS 2 provides requirements for climate-related disclosures, including physical and transition risks, climate-related opportunities, scenario analysis, and greenhouse gas emissions metrics — closely aligned with IFRS S2.

The UK SRS Materiality Assessment Process

A structured four-step approach to identify sustainability matters material to enterprise value under UK SRS.

01

Identify Sustainability Matters

Scan your business context to identify sustainability-related risks and opportunities relevant to your industry, operations, and value chain that could affect your company's enterprise value.

02

Assess Materiality

Evaluate each matter using quantitative and qualitative criteria to determine if it could reasonably be expected to influence investor decisions or affect financial outcomes.

03

Prepare Disclosures

Structure material information across the four pillars: governance, strategy, risk management, and metrics & targets. Ensure disclosures are entity-specific and decision-useful.

04

Review & Finalise

Conduct a holistic review of all disclosures for completeness and consistency. Reconsider borderline items and ensure connectivity with your financial statements.

Why Use Materiality Master for UK SRS?

Purpose-built software to streamline your UK SRS materiality assessment from start to finish.

Financial Materiality Focus

Workflows designed around the enterprise value perspective required by UK SRS, helping you identify the risks and opportunities that matter to investors and capital markets.

ISSB & SASB Alignment

Leverage SASB industry-specific topics to ensure comprehensive identification of material sustainability matters — fully consistent with the ISSB foundation underpinning UK SRS.

FCA-Ready Documentation

Generate audit-ready documentation of your materiality judgements, criteria applied, and conclusions — supporting FCA compliance and external assurance.

Stakeholder Collaboration

Built-in tools for cross-functional input from sustainability, finance, risk, and legal teams — ensuring your assessment reflects the full breadth of your organisation.

Multi-Framework Support

Run one integrated assessment that satisfies UK SRS alongside ISSB, ESRS/CSRD, GRI, and TCFD requirements — avoiding duplication of effort.

AI-Powered Assistance

AI tools help identify relevant sustainability matters, suggest materiality considerations, and accelerate your assessment timeline.

Built for UK-Listed Companies

Whether you are a FTSE 100 company, a mid-cap reporting for the first time, or a multinational bridging UK SRS with ESRS or ISSB.

  • Align with UK SRS 1 and UK SRS 2 disclosure requirements
  • Meet FCA-mandated sustainability reporting obligations
  • Leverage SASB industry-specific metrics and topics
  • Bridge UK SRS financial materiality with ESRS double materiality
  • Generate investor-ready materiality documentation
  • Save weeks of manual assessment work with structured workflows

One Tool, Multiple Frameworks

Materiality Master supports materiality assessments across all major sustainability reporting frameworks.

ISSB (IFRS S1 & S2)

Financial materiality under IFRS S1 & S2

ESRS / CSRD

Double materiality under CSRD

GRI Standards

Impact materiality for global reporting

Coming soon

TCFD

Climate risk and scenario analysis

Coming soon

Ready to Start Your UK SRS Materiality Assessment?

Join 200+ organisations using Materiality Master to streamline their sustainability reporting. No complex setup, no steep learning curve.

Frequently Asked Questions

Have a question? Find answers to the most common questions below.

A double materiality assessment evaluates both how sustainability issues impact your organization (financial materiality) and how your organization impacts society and the environment (impact materiality). It is required under the Corporate Sustainability Reporting Directive (CSRD).