Published date: 19 November 2025

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 11 September 2025, 2pm

Contract summary

Industry

  • Research consultancy services - 73210000

Location of contract

London

Value of contract

£124,416

Procurement reference

tender_501110/1528159

Published date

19 November 2025

Closing date

11 September 2025

Closing time

2pm

Contract start date

3 November 2025

Contract end date

30 April 2026

Contract type

Service contract

Procedure type

Call-off from a dynamic purchasing system

A mini-competition or direct purchase from a pre-established dynamic purchasing system.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

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.

Award information

Awarded date

29 October 2025

Contract start date

3 November 2025

Contract end date

30 April 2026

Total value of contract

£124,416

This contract was awarded to 1 supplier.

IFF Research

Address

IFF Research, 5th Floor, Harlequin Building, 65 Southwark St, London, SE10HR

Reference

Companies House number: 00849983

Supplier is SME?

Yes

Supplier is VCSE?

No

About the buyer

Contact name

Department for International Trade

Address

Old Admiralty Building, Whitehall
London
SW1A 2DY
England

Email

CommercialResearchandConsultancy@businessandtrade.gov.uk