Transition Plan Taskforce (TPT)

Net zero and transition plans have become new norms in private sector ambition. An increasing number of organisations are making public commitments to reach net zero. Yet existing transition plans vary in detail and quality, limiting the ability of stakeholders to assess their credibility. There is significant demand from the private sector for standardised, high quality plans to make better-informed decisions about how to allocate capital. This will support the UKs transition to net zero. The TPT is working with international frameworks which are preparing guidance on transition plan disclosures, including the Glasgow Financial Alliance for Net Zero (GFANZ) and International Sustainability Standards Board (ISSB). The Taskforce will take forward the foundational work from these bodies to develop granular transition plan recommendations suitable for incorporation into regulatory frameworks in the UK. Both the ISSB and GFANZ sit on the TPT Steering Group. Along with the UK, many c...