Latest transition plan resources published today

The TPT launches today its final set of transition plan resources to help businesses unlock finance for net zero. The TPT was established by HM Treasury and announced at COP26 in Glasgow in November 2021.

All materials are available at Build your transition plan.

There is now an internationally recognised best practice disclosure framework for transition plans, accompanied by a comprehensive suite of resources to support companies and financial institutions globally to mobilise transition finance.

TPT outputs support the creation of consistent, comparable company reports and reduce the level of disclosure complexity faced by firms.

The TPT’s work has already attracted significant interest from other jurisdictions, such as Australia, Brazil, the European Union, France, Germany, Hong Kong, Japan, Malaysia, New Zealand, Singapore, Thailand, and the United States. The TPT has engaged with international coalitions of central banks, supervisors, and regulators as well as multilateral processes such as the G7, G20 and UNFCCC.

The materials published by the TPT on the 9th April 2024 include:
–       Sector-specific transition plan guidance for Asset Owners, Asset Managers, Banks, Electric Utilities & Power Generators, Food & Beverage, Metals & Mining and Oil & Gas.
–       Sector summary guidance, with high level guidance for 30 sectors of the global economy.
–       Guidance on the how to undertake a transition planning cycle.
–       A paper on the opportunities and challenges of transition plans in emerging markets and developing economies.
–       Independent advisory pieces from TPT Working Groups on Adaptation, Nature, JustTransition and SMEs, exploring how transition planning can extend beyond realising net zero.

The TPT’s Disclosure Framework and wider materials have been shaped through engagement and testing with over 600 organisations in the UK and globally, across finance, the real economy and civil society. This includes major firms with global footprints operating in numerous jurisdictions, as well as representatives from emerging and developing economies.

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