Our guidance and recommendations aim to assist entities to disclose credible, useful, and consistent transition plans.
Building momentum for transition plans: Status update from the Transition Plan Taskforce
Update including consultation responses headlines, announcement of sectors selected for further guidance, next steps for the TPT, and snapshot of the UK and global regulatory landscape that frames TPT’s work.
TPT guidance and recommendations aim to assist entities to disclose credible, useful, and consistent transition plans. The primary output is the sector-neutral Disclosure Framework, published in draft in November 2022. Following consultation, the final Framework is planned for publication in October 2023. The Status Update published in July 2023 includes headlines of the consultation and a future timeline for outputs. The planned sector-specific guidance will supplement the core sector-neutral Disclosure Framework and the Implementation Guidance.
The TPT Disclosure Framework (draft)
This sector-neutral framework provides recommendations for companies and financial institutions to develop gold-standard transition plans. The Framework was open for consultation until 28 February 2023 with feedback received informing the final Framework to be published in Q4 2023.
The TPT Implementation Guidance (draft)
This guidance document sets out the steps companies could take to develop a transition plan, as well as when, where and how to disclose their plan. This document was open for consultation until 28 February 2023 with feedback received informing the future Implementation Guidance. This guidance will also be presented as an online navigable resource, to be prepared for launch in Q4 2023.
TPT Implementation Guidance: Technical Annex
The TPT’s recommendations directly build on the existing and emerging disclosure frameworks on climate and sustainability reporting. This annex to the Implementation Guidance contains a mapping of the TPT recommendations to wider corporate reporting norms, as well as the relevant disclosure recommendations provided by the Task Force on Climate-related Financial Disclosures (TCFD) and the International Sustainability Standards’ Board (ISSB).
A one page summary of the TPT’s key recommendations on the transition plan approach, the framework structure and the reporting process.
News about Transition Planning and the Framework
The Transition Plan Taskforce (TPT) is today publishing a status update, entitled ‘Building momentum for transition plans‘. This publication gives an update on the work
On Monday 27 February, the TPT was joined by over 350 attendees at the Guildhall, for the first major TPT event of the year ‘TPT