Transition Plan Taskforce:
Setting a Robust Standard
The UK Transition Plan Taskforce (TPT) was launched by HM Treasury to develop a gold standard for climate transition plans.
The TPT’s work will help to drive decarbonisation by ensuring that financial institutions and companies prepare rigorous plans to achieve net zero and support efforts to tackle greenwashing.
The TPT has a two-year mandate, and the FCA will be actively involved and draw on its findings to strengthen disclosure rules. It will bring together leaders from industry, academia and regulators, and will coordinate with international efforts. The Secretariat is being provided by the UK Centre for Greening Finance and Investment (CGFI) and by E3G.