On 28 February 2023, we submitted our response to the Transition Plan Taskforce’s (TPT) consultation on a sector-neutral transition plan disclosure framework.
The TPT’s consultation sets out proposals for a sector-neutral transition plan disclosure framework and accompanying implementation guidance. The TPT was launched by the UK government in April 2022 to develop a “gold standard” for climate transition plans in the UK. The aim is to help companies and the financial sector produce science-based climate transition plans that are credible and robust.
The Disclosure Framework and Implementation Guidance are due to be finalised later in 2023, and are likely to be integrated into the UK Sustainability Disclosure Requirements regime (SDR). The TPT also plans to publish a range of sector-specific guidance in 2023, including guidance for financial institutions and the real economy.
Disclaimer: This material was developed in collaboration with a number of IIGCC members but does not necessarily represent the views of the entire membership, either individually or collectively.