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TAC Public Meeting September 2026: Meeting Summary
PUBLIC MEETING SUMMARY
Date: 15 September 2026 Time: 9:30am - 12:00pm Location: 13th Floor, Exchange Tower, 1 Harbour Exchange Square, London, E14 9GE
The video recording of the meeting and agenda papers are available online.
Attendees
| Name | Designation |
|---|---|
| Sally Duckworth | Chair |
| David Harris | Member (absent between 11:00am and 11:30am) |
| George Richards | Member |
| Hilary Eastman | Member |
| Jenn-Hui Tan | Member |
| Jo Holmes | Member |
| Madeleine Evans | Member |
| Nick Rowbottom | Member |
| Peter Hogarth | Member |
| Scott Barlow | Member |
| Supriya Sobti | Member |
| Jenny Carter | Member appointed by the Financial Reporting Council (FRC) |
| Paul Lee | Member appointed by the UK Endorsement Board (UKEB) |
| Hannah Skewes | Observer from the Department for Business, Innovation, Science and Trade (BIST) |
| Matilda Robson | Observer from the Financial Conduct Authority (FCA) |
| Genie Lee | Observer from the Bank of England (BoE) |
| Sarah-Jayne Dominic | Secretariat |
Apologies
| Name | Designation |
|---|---|
| Harriet Cullum | Member |
| Martina Macpherson | Member |
Minutes
1 Welcome, apologies and declaration of interest
The Chair welcomed all attendees to the September public meeting of the UK Sustainability Disclosure Technical Advisory Committee (TAC).
Apologies were received from Harriet Cullum and Martina Macpherson.
Jenny Carter declared an interest arising from her role as the FRC-appointed member of the TAC, noting that FRC guidance and other materials concerning good reporting practice might be referred to during the meeting. David Harris declared an interest arising from his role at the London Stock Exchange as he mentioned publications issued by the London Stock Exchange.
No other interests were declared.
2 September 2026 general reporting update
The TAC noted the September 2026 general reporting update, which was for information only.
Members discussed the IFRS Foundation's constitutional consultation and were invited to submit comments for consideration in the FRC's response.
Members also noted that EFRAG's consultation on the European Sustainability Reporting Standards for Third-Country Groups (ESRS-40a) has implications for some UK companies. However, it was noted that no response from the TAC was planned, but members could contribute through stakeholder engagement undertaken by professional bodies.
3 Proposed amendments to the SASB Standards – Phase 1 Part 2: due process summary
The TAC considered and approved the final due process summary for its response to Phase 1 Part 2 of the ISSB's project to enhance the SASB Standards.
4 Nature-related disclosures: research findings
The TAC discussed Agenda Papers 4a, 4b and 4c, which presented the Secretariat's research on nature-related disclosures.
The discussion considered the purpose, scope and limitations of the research, including the meaning of nature-related disclosures and the focus of the FTSE 100 review on annual reports. Members noted the importance of distinguishing between findings from the literature, observations from the FTSE 100 review and views shared through stakeholder engagement.
Members considered whether the findings reflected reporting challenges or the relative maturity of underlying data, methodologies and organisational capabilities. The discussion also covered:
- the relationship between financial materiality, corporate preparedness and information reported outside annual reports;
- dependencies on nature and their relationship with impacts, risks and opportunities;
- scenario analysis, value-chain and location-specific information, interoperability and data quality; and
- the value of qualitative information where reliable quantification was not possible.
Potential areas for further stakeholder engagement included how primary users use nature-related information, sector-specific preparedness, reporting costs and challenges and whether a Practice Statement would support consistent and decision-useful reporting.
The TAC approved the two research reports for finalisation and publication on the FRC website, subject to amendments reflecting the discussion.
5 Nature-related Disclosures Practice Statement Exposure Draft: project management plan and proposed timeline
The TAC discussed and approved the project management plan and proposed timeline for preparing its response to the anticipated ISSB consultation, subject to the amendments discussed.
6 AOB
There was no other business.
The Chair thanked attendees and confirmed that the next TAC meeting was scheduled for 17 November 2026. The meeting concluded at 11:30am.