TPT’s proposed best practice includes four elements for effective disclosure of transition plans, aligned with GFANZ’s and the ISSB’s disclosure recommendations.

By Paul A. Davies, Michael D. Green, and James Bee

On 8 November 2022, the UK’s Transition Plan Taskforce (TPT) launched a draft of its proposed Transition Plan Disclosure Framework (the TPT Framework), alongside the associated Implementation Guidance (the TPT Guidance) and a Technical Annex. The TPT Framework and Guidance are intended to provide a “gold-standard” set of guidance for companies in the UK developing net zero transition plans.