Award

Climate-Related Financial Disclosure Regulations Research

DEPARTMENT FOR BUSINESS AND TRADE

This public procurement record has 1 release in its history.

Award

19 Nov 2025 at 15:33

Award Notice
Summary of the contracting process

The Department for Business and Trade has awarded a contract to IFF Research for research on the Climate-Related Financial Disclosure Regulations, as outlined in the 2022 Strategic Report. This procurement, classified under research consultancy services, falls within the services industry category. Located in London, the procurement process utilised a selective method through a call-off from a dynamic purchasing system. The award stage was completed with the notice published on 19th November 2025. The contract period spans from 3rd November 2025 to 30th April 2026, with the contract valued at £124,416. This strategic research aims to evaluate the implementation and impacts of specific financial disclosure regulations on large companies and partnerships.

This tender presents significant opportunities for businesses within the consultancy services industry, particularly those specialising in financial and regulatory research. Companies, particularly SMEs, capable of delivering comprehensive analytical and qualitative research could leverage this to bolster their expertise and reputation in climate-related financial analysis. Businesses well-suited for this opportunity are those with a proven track record of engaging with regulatory frameworks and providing insightful evaluations and recommendations based on complex data sets and stakeholder consultations. Such involvement can enhance a company's profile in contributing to sustainable economic practices and policy development.

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Notice Information

Notice Title

Climate-Related Financial Disclosure Regulations Research

Notice 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 PS500m 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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-03dd651d-7fa2-44a6-997b-d1ce3defbe20
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c6da386a-73c5-40c9-881c-329cbb2c10f9
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a dynamic purchasing system
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

CPV Codes

73210000 - Research consultancy services

Notice Value(s)

Tender Value
£124,416 £100K-£500K
Lots Value
Not specified
Awards Value
£124,416 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
19 Nov 20253 months ago
Submission Deadline
11 Sep 2025Expired
Future Notice Date
Not specified
Award Date
29 Oct 20253 months ago
Contract Period
3 Nov 2025 - 30 Apr 2026 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR BUSINESS AND TRADE
Contact Name
Department for International Trade
Contact Email
commercialresearchandconsultancy@businessandtrade.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1A 2DY
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

IFF RESEARCH

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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