TPT Disclosure Framework for gold standard transition plans - Launch Highlights October 2023
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- เผยแพร่เมื่อ 29 ต.ค. 2023
- TPT Disclosure Framework sets out good practice for robust and credible transition plan disclosures.
The Transition Plan Taskforce launched its ‘gold standard’ disclosure framework in October 2023 for companies and financial institutions to tackle climate change.
With an audience at London Stock Exchange, and an online audience from around the globe, Co-Chairs, Amanda Blanc CEO of Aviva and Baroness Penn, Treasury Lords Minister HM Treasury called for companies to start their transition plans now using the TPT’s best practice resources.
The Disclosure Framework provides the basis for companies to set out credible and robust climate transition plans as part of annual reporting on forward business strategy. The Framework will support the creation of consistent, comparable company reports, and reduce the level of complexity faced by firms disclosing climate-related information.
Additional guidance for preparers and users of climate transition plans has been published alongside the Disclosure Framework to help them to Build your transition plan. This guidance includes:
• High-level sectoral guidance across 40 sectors to complement the main Disclosure Framework.
• Guidance on the climate transition planning cycle.
• Technical mappings and comparison between the Disclosure Framework and several other well-known reporting frameworks (see Notes to Editors).
• Legal considerations for companies preparing reports using the Disclosure Framework.
• Web-based implementation guidance.
The Transition Plan Taskforce (TPT) was launched by HM Treasury in March 2022 with a mandate to bring together leaders from industry, academia, and regulators to develop good practice for transition plan disclosures for finance and the real economy. In addition, the TPT has been tasked to engage with non-UK governments and regulatory networks to support conversations on how to build common baselines and principles for transition planning.
Read more: transitiontaskforce.net/
