To all members and friends of the TP Taskforce,
Firstly, a huge recognition of and thank you to everyone in the TPT Steering Group, Delivery Group, and all the Sector and Focus Topic Working Groups for their input and contribution this year to best practice transition plans.
The consultation for the deep-dive sector guidance remains open until 29 December 2023, and we are asking all partners to share this with their networks and invite responses. To facilitate engagement with the sector guidance we have added recorded explainer presentations for each sector which can be found here.
2023 has been a productive year for the Transition Plan Taskforce.
At the TPT Secretariat, we are delighted to have seen the successful consultation close in the spring, followed by the July Status Update report. Then the publication of the final Disclosure Framework launched at a fantastic event in October, The Framework has had huge domestic and international support, and we’ve seen multiple transition plans being published that use it. We are delighted that the International Sustainability Standards Board (ISSB) has now included TPT in its Knowledge Hub.
TPT presence at events and workshops throughout the year has helped to build engagement with corporate and financial audiences, as well as with major stakeholders in the UK and internationally. This year has seen increasing global momentum and engagement on transition planning, with the EU, United States, Singapore, Australia, and others pressing ahead with increased expectations on transition plans.
Consideration of transition plans has also been picked up across a range of political and regulatory forums including the G7 and G20, the Financial Stability Board (FSB), the International Organization of Securities Commissions (IOSCO), the Basel Committee on Banking Supervision, and the International Platform on Sustainable Finance.
TPT ended the year with a successful and visible presence at COP28 including a livestreamed event at the UK Pavilion, and numerous events across the COP linked to transition plans and their role in supporting positive climate outcomes.
We look forward to more companies adopting best practice transition plans using the TPT Disclosure Framework in 2024.
The TPT Secretariat 🎄