Expired contract

Climate-Related Financial Disclosure Regulations Research

Details

Buyer: Department for Business and Trade (DBT)
Supplier(s): IFF Resarch
Value: £124,416
Duration: 6 months
Topic: Research consultancy services
Published: 19 November 2025
Source: uk:contracts_finder

Tender description

DBT Awarded a contract to IFF Research to undertake research following the 2022 Strategic report. Please read on for further background. In 2022, The Companies (Strategic Report) (Climate-related Financial Disclosure) Regulations 2022 and The Limited Liability Partnerships (Climate-related Financial Disclosure) Regulations 2022 were introduced. The regulations amended the Companies Act 2006 to make large companies and Limited Liability Partnerships (LLPs) (more than 500 employees and £500m net turnover) and Alternative Investment Market (AIM) companies and Public Interest Entity (PIEs) (both with more than 500 employees) provide climate-related financial disclosures in their strategic report. Companies are required to report information that is deemed material, if its omission or misrepresentation could reasonably be expected to influence the decisions primary users take based on the annual report and accounts. This requirement is aligned with the Task Force on Climate-Related Financial Disclosures' (TCFD) recommendations requiring climate-related reporting on governance, strategy, risk management, and metrics and targets. The regulations were introduced to improve the quality and quantity of climate-related financial disclosures provided by large companies, LLPs, AIM companies and PIEs. The aim is to support investors to more efficiently allocate capital and support to a more climate-resilient economy. This multimethod research proposal includes content analysis of disclosures, and interviews and surveys with relevant stakeholders (company representatives and investors). In particular, the research plan focuses on how companies have implemented the regulations, the outcomes for companies, investors, and other stakeholders, and to understand how accurately the TCFD Impact Assessment (IA) was able to estimate real-world effects of implementing these regulations.

Timeline

Completed: Award date3 November 2025
Completed: Award published19 November 2025
Current notice
Completed: Contract expiry date30 April 2026

About the buyer

The Department for Business and Trade (DBT) is a ministerial department that buys as a central government organisation. DBT buys through Government Commercial Agency agreements, formerly Crown Commercial Service. Businesses can join those agreements to supply goods or services. DBT follows each agreement's contractual terms.

A commercial pipeline gives a forward look at expected outsourcing over the next 18 months.

Over the past 5 years, most of DBT's contract awards have been in business services, research and development and IT services.

Decision makers

Connect with the people behind this procurement.

Job title	Phone number	Work email
Head of Procurement	+44 •••• ••••••	••••••••@department-for-business-and-trade-dbt.gov
Commercial Director	+44 •••• ••••••	••••••••@department-for-business-and-trade-dbt.gov
Procurement Manager	+44 •••• ••••••	••••••••@department-for-business-and-trade-dbt.gov
Category Lead	+44 •••• ••••••	••••••••@department-for-business-and-trade-dbt.gov
Senior Buyer	+44 •••• ••••••	••••••••@department-for-business-and-trade-dbt.gov
Contracts Manager	+44 •••• ••••••	••••••••@department-for-business-and-trade-dbt.gov