Transition Plan Taskforce (TPT) – Setting the Gold Standard

In conjunction with New York Climate Week, TPT members talk through what a good transition plan looks like, how it supports the transition to net zero, and how the TPT’s work aligns with international effort

The webinar was introduced by Shane Tomlinson, Chief Executive Officer, E3G and was moderated by Kate Levick, Co-Head, TPT Secretariat and Associate Director, Sustainable Finance, E3G.

The panel discussion featured:

  • Chandra Gopinathan, Senior Investment Manager, Sustainable Ownership, Railpen
  • Nicolette Bartlett, Chief Impact Officer, CDP
  • Tony Rooke, Executive Director for Real Economy Transition Planning and Sectoral Pathways, GFANZ
  • Mardi McBrien, Director, IFRS Foundation

Chandra Gopinanthan spoke about Railpen’s involvement in TPT, especially in engaging with preparers and ensuring the investor’s perspective is well-reflected. He also emphasized critical elements in the transition planning for investors which include; the current emission snapshot, ambition, commitment and target as well as material implications on the business model.

Nicolette Bartlett provided a snapshot of CDP’s role in TPT and highlighted the importance of having transparent and practical steps in transitioning planning – which might involve internal realignment in companies’ business model, governance and accountabilities, among many others.

Tony Rooke describes the strategic convergence in GFANZ and TPT’s work, especially in facilitating GFANZ members to set their net-zero transition plans and subsequently help transform the world transitions towards a low carbon economy. He also explained GFANZ’s role in prioritizing data needs and underscored the importance of data availability and quality to encourage transparency and help drive commitments to action.

Mardi explains ISSB’s aspiration in coming up with a fit-for-purpose climate and sustainability global standards to enable consistency, comparability and linking it with financial information to the market. She sees this as the building blocks to unlock further efficiency in climate reporting information and push high-quality practices across the world.

The discussion session is closed with a Q&A session.

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