IIGCC responds to Transition Plan Taskforce Call for Evidence

Consultation response

Policy programme

IIGCC responds to Transition Plan Taskforce Call for Evidence

18.07.22

Corporate engagement Reporting & disclosure UK Policy

The UK government formally launched the Transition Plan Taskforce (TPT) in April 2022, to develop a “gold standard” for climate transition plans in the UK (see press release). The aim of the TPT is to help companies and the financial sector produce science-based climate transition plans that are credible, robust and “investable”. The TPT has been given a two-year mandate by the Treasury to deliver best practice recommendations.

In May 2022, the TPT issued a Call for Evidence on a Sector-Neutral Framework for private sector transition plans. The Framework is intended to enable companies across all sectors to develop standardised and meaningful plans to support the net zero transition and increase the comparability, quality, and robustness of transition plan disclosures across the United Kingdom.

IIGCC submitted a response to the Call for Evidence on 13 July 2022. Download the response below.

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