UK Sustainability Disclosure TAC (overview)
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Introduction
The UK Government has committed to assess and endorse the International Sustainability Standards Board's (ISSB) IFRS® Sustainability Disclosure Standards for use in the UK. The Secretary of State for the Department for Business and Trade will be responsible for this endorsement decision which will be informed by an assessment of the suitability of the standards for application in the UK.
The UK Sustainability Disclosure Technical Advisory Committee (TAC) will perform the technical assessments of IFRS Sustainability Disclosure Standards which will inform the TAC’s endorsement recommendations that will be presented to the Secretary of State for the Department for Business and Trade.
TAC Terms of Reference
The Department for Business and Trade has published a Framework and Terms of Reference for the development of UK Sustainability Reporting Standards. This document also outlines the Terms of Reference for the UK Sustainability Disclosure TAC.
Terms of Reference
About the TAC
The TAC consist of 15 members, including the Chair, each of whom are an expert in sustainability reporting. Two places on the TAC are reserved for a FRC member and a UKEB member to reflect the connectivity between UK-adopted international accounting standards, UK GAAP and UK Sustainability Reporting Standards.
The FRC provides the Secretariat for the TAC.
The TAC is subject to the FRC’s privacy notices which tells you what to expect when the TAC collects personal data and explain the activities we undertake and how we use that personal data to carry out those activities.
Contact us
To contact the TAC please email: [email protected]
Members
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Sally Duckworth
Chair of the UK Sustainability Disclosure TAC
16 May 2024
Sally is a seasoned business executive with extensive experience in C-suite roles, chairmanship, and venture capital, focusing on early and growth-stage technology companies. She began her career by qualifying as an ACA with Price Waterhouse before transitioning to JP Morgan as an investment banker. She later moved into early-stage technology investing at Quester Capital Management. Sally co-founded an angel network and subsequently took on various C-suite roles. She holds an MSc in Environmental Technology from Imperial College London and currently serves in several non-executive roles.
Sally chairs the board of StorMagic Ltd, a company that develops edge software solutions and was recognized as a top 25 IoT solution provider by CIO Applications. She is the Audit and Risk Chair for JPMorgan’s Japanese Investment Trust plc, one of the largest and oldest closed-end funds focused on Japanese equities. Additionally, she is a Non-Executive Director for Molten Ventures VCT plc, a venture capital trust specialising in high-growth digital technology investments. Sally also serves as the Audit Chair for the Mobeus Income and Growth 2 VCT plc, though she will be stepping down from this board later this summer.
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Scott Barlow
Member
Scott Barlow is currently the Vice President, Sustainability & ESG Reporting at Barclays. Scott has experience in non-financial and financial reporting for companies operating in multiple sectors. He previously sat on an Intergovernmental Working Group on International Standards of Accounting and Reporting looking at the role of reporting in attaining the Sustainable Development Goals.
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Jenny Carter
Member appointed by the FRC
Jenny is the representative of the Financial Reporting Council (FRC) on the TAC. Jenny is the Director, Accounting & Reporting Policy and leads the development and implementation of the FRC‘s strategy for standards and related guidance on corporate reporting. This includes the FRC’s work on UK accounting standards (UK GAAP) and other corporate reporting guidance. Prior to taking on her current role Jenny was the FRC’s Director of UK Accounting Standards. Her previous roles include a secondment from PwC to HM Treasury and Head of Technical Accounting at the BBC.
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Harriet Cullum
Member
Harriet is responsible for global ESG insights at Diageo, representing the company as Liaison Delegate at the World Business Council for Sustainable Development. In her current role she leads a team gathering internal and external insights on environmental and social topics to inform action and strategy. Previously she oversaw Diageo’s global reporting on ESG for more than half a decade. Harriet is also part of the Delivery Group of the Transition Plan Taskforce (TPT) and an Advisory Group Member for the Global Compact Network UK. Her earlier roles include ESG strategy and reporting in corporates and not-for-profits in Europe and Asia Pacific.
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Dia Desai
Member
Dia Desai leads Sustainability Disclosures and Insights at HSBC, where she drives the design and development of solutions to meet emerging regulatory and industry-led sustainability disclosure requirements. She works in close partnership with specialists in Finance, Risk, Data and Technology to develop decision-useful insights that inform capital planning and allocation. Dia has a record of delivering strategic, data-driven transformation across financial services; synthesising macroeconomic trends, geopolitical dynamics and regulatory developments to direct complex operational change.
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Hilary Eastman
Member
Hilary Eastman is a partner at KPMG UK and leads the UK ESG reporting practice. She advises multinational companies on the implementation of voluntary and mandatory sustainability reporting, including the IFRS Sustainability Disclosure Standards and the EU Corporate Sustainability Reporting Directive (CSRD). She is a member of KPMG’s global team that develops the firm’s technical interpretations of reporting regulations (including international and European sustainability standards) and previously led PwC’s global investor engagement programme. She was on the staff of the International Accounting Standards Board (IASB), where she led the project to develop IFRS 13 Fair Value Measurement and developed and led the IASB’s investor liaison programme. She is chair of the board of CFA Society of the UK.
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Madeleine Evans
Member
Madeleine Evans is Director of Impact for Generation Investment Management's private markets platform, Private Equity and Growth Equity, where she leads impact strategy and value creation. Prior to Generation, Madeleine had roles as Head of Responsible Investment & ESG Advisory at Wallbrook, a global sustainability consultancy; Director of Business Development at TPG's portfolio company Tes Global; and as an investor at TPG Capital. Her early career academic research on impact investing received a UN Principles for Responsible Investment (PRI) / Le Monde Prize for research on responsible investment in 2011 and was published in the Journal of Sustainable Finance & Investment in 2013.
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David Harris
Member
David Harris leads sustainable finance strategic initiatives at the London Stock Exchange Group (LSEG), having previously led sustainable investment for FTSE Russell and headed sustainable finance for LSEG’s Data & Analytics division. He has held a variety of industry positions, including as a member of the European Commission’s High Level Expert Group (HLEG) on Sustainable Finance. He also Chaired the UN Sustainable Stock Exchange's work in developing both Model ESG and Climate Reporting Guidance and co-chaired the FCA-convened ESG Data & Ratings Working Group.
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Peter Hogarth
Member
Peter Hogarth leads PwC’s UK Corporate Reporting Services team and is the firm’s Senior Accounting Technical Partner. He advises the firm and its clients across a wide range of corporate reporting topics, dealing with both UK and International Financial Reporting Standards, as well as the requirements of the Companies Act and Listing Rules. Reflecting developments in corporate reporting generally, his focus is increasingly on narrative reporting, and in particular reporting on the impact of climate risk. In this regard, in addition to his UK leadership responsibilities, Peter is also a member of the PwC network’s global Sustainability Reporting Oversight Group.
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Paul Lee
Member appointed by the UKEB
Paul Lee is the representative of the UK Endorsement Board on the TAC. Paul is Head of Stewardship and Sustainable Investment Strategy at Redington, the investment consultant, responsible for the delivery of stewardship and sustainability services to pension funds and other asset owners. He also chairs the UK Endorsement Board’s Investor Advisory Group and was a member of the secretariat for the Brydon Review into the Quality and Effectiveness of Audit. Paul has worked in ESG and stewardship roles at Hermes; the National Association of Pension Funds (now the Pensions and Lifetime Savings Association or PLSA); and Aberdeen Asset Management as its first global head of governance and stewardship.
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Craig Mackenzie
Member
Craig Mackenzie is an academic at Edinburgh University Business School with previous experience in the investment industry, as a fund manager, asset allocator and head of sustainable investment at Friends Ivory Sime, Insight, SWIP and Abrdn. A key focus of his work has been using corporate sustainability reporting to inform investment decisions. Craig has served on several industry committees tasked with designing sustainability disclosure standards and guidelines, including at GRI, PRI, IIGCC and FTSE Russell. Craig is currently an academic at Edinburgh University Business School and a member of the Scottish Land Commission.
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Joseph Noss
Member
Joseph Noss is a Senior Advisor in Oliver Wyman’s public sector practice, where he advises official sector institutions on a range of policy issues connected to climate change and sustainability. He is particularly interested in the implications of the climate, sustainable finance and emerging technology for regulatory policy, including in the financial sector. Joe chairs the International Standards Organisation (ISO) Sustainable Finance Committee and is a Visiting Fellow at the Qatar Centre for Global Banking and Finance at Kings College London. He previously worked for the Financial Stability Board (FSB) and the Bank of England.
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Jeremy Osborn
Member
Jeremy Osborn is Global Head of Sustainability for AICPA & CIMA, together as the Association of International Certified Professional Accountants . Prior to joining the Association, Jeremy worked for the Value Reporting Foundation (which consolidated into the IFRS Foundation in 2022) and the International Integrated Reporting Council, working with a wide variety of stakeholders and organisations to support the scaling and global adoption of sustainability accounting, integrated reporting and integrated thinking. Jeremy has also previously worked for EY, Accounting for Sustainability (A4S), Accenture and Unilever.
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Nick Rowbottom
Member
Nick Rowbottom is a Professor of Accounting and Corporate Reporting at the University of Birmingham whose research focuses on how extensions and innovations in the corporate reporting measurement and communication model are shaped, constructed and implemented. Through publications, funding, and collaborations with regulators, standard-setters, practitioners and firms, Nick is an active researcher in the fields of ‘wider’ corporate reporting, sustainability reporting and digital corporate reporting. Nick is also a member of the Birmingham Business School’s Centre for Responsible Business.
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Supriya Sobti
Member
Supriya Sobti is Head of Climate & Purpose at NatWest Group and leads on climate measurement, development of the climate transition plan and sustainability reporting. Supriya has worked in various roles in the banking sector within finance, regulatory and risk areas. More recently, she has focused on leading large scale change implementation related to regulation and reporting. Prior to this, Supriya worked at EY in their Assurance practice in India and UK.