HM Treasury has launched the UK Transition Plan Taskforce (TPT) to “develop the gold standard” for climate transition plans for UK companies.
The taskforce is developing a regime which will require financial institutions and listed companies to create "rigorous and robust transition plans". TPT has a two-year mandate to establish good practice for transition plans, which will inform the implementation of the UK's Sustainability Disclosure Requirements. Earth Day 2022: How to invest in the planet It plans to fulfil this mandate through three workstreams which will create: A sector-neutral framework for private sector transition plans Sector-specific guidance for finance and real economy sectors Recommendations fo...
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