Transition Plan Taskforce publishes new resources

  • Leaf - sustainability (green) Image

12 Apr, 2024

The Transition Plan Taskforce (TPT) has issued its final set of transition plan resources which aim to help business unlock finance for transition to net zero.

The resources include:

  • sector-specific transition plan guidance for asset owners, asset managers, banks, electric utilities and power generators, food and beverage, metals and mining, and oil and gas;
  • sector summary guidance, with high level guidance for 30 sectors of the global economy;
  • guidance on the how to undertake a transition planning cycle;
  • a paper on the opportunities and challenges of transition plans in emerging markets and developing economies; and
  • independent advisory papers, prepared by TPT Working Groups on the subjects of adaptation, nature, JustTransition and SMEs, exploring how transition planning can extend beyond realising net zero.

These new resources complement existing publications including the TPT Disclosure Framework and supporting guidance, issued in October 2023.

While the TPT Framework is not mandatory in the UK, the Financial Conduct Authority has stated its intention to consult on the introduction of guidance for listed companies’ transition plan disclosures, with specific reference to TPT publications. The UK Government has also set out its intention to consult on transition plan disclosures for certain companies, drawing on the output of the TPT.

The full suite of TPT resources can be found on the TPT website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.