The consultation period on the TPT Call for Evidence is now closed.
In May this year, the Transition Plan Taskforce (TPT) launched a Call for Evidence on a Sector-Neutral Framework for private sector transition plans.
The framework will inform UK regulations for certain financial sector firms and listed companies to publish a climate transition plan. The consultation period on this Call for Evidence closed on 13thJuly 2022. Thank you very much to everyone who has provided a response. We are currently analysing all the feedback we received and will take this into consideration in the next phases of our work.
Overview of the Call for Evidence
Many firms are beginning to publish their plans to get to net zero. Yet there is huge variability in the quality and robustness of these plans, if they are published at all. Credible and appropriately detailed transition plans will be essential for changing this.
The TPT has begun developing a Sector-Neutral Framework for transition plans. The consultation asks for feedback on a range of questions regarding the content of a gold standard transition plan.
The consultation closes on 13th July. After this, the TPT will develop a detailed framework which will inform new requirements from the UK Government for financial institutions and listed companies to publish robust transition plans that detail how they will decarbonise as the UK moves towards a net-zero economy by 2050.
Should you have questions about the consultation or wider consultation process, please contact: secretariat@transitiontaskforce.net.
