Deloitte comment letter on the Transition Plan Taskforce’s call for evidence on proposals for a sector-neutral framework for private sector transition plans

Published on: 21 Jul 2022

We have responded to the Transition Plan Taskforce’s (TPT's) call for evidence on proposals for a sector-neutral framework for private sector transition plans.

In our response, we reiterate that transition plans are an important part of a company’s overall response to climate change. They help companies to develop credible actions, milestones and metrics consistent with their overall ambitions in relation to the transition to the low-carbon economy. To achieve this, it is essential these plans are fully embedded in the company’s overall strategy and not developed as a separate policy.

We have therefore emphasised the value of guidance for companies on how to prepare high-quality transition plans that are embedded in the DNA of the company, including its governance, strategy, risk management, and metrics and targets.

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