The UK’s Transition Plan Taskforce (TPT) has published its last set of tools and documents to help companies and financial institutions mobilise transition finance globally. The resources released include sector-specific transition plan guidance for asset owners, asset managers, banks, electric utilities and power generators, food and beverage, metals and mining and oil and gas. Last November, the TPT launched a consultation on these seven sets of guidance. The release also includes sectoral summary guidance, a resource on how to undertake a transition planning cycle, as well as a paper on the opportunities and challenges of transition plans in emerging markets and developing economies. The TPT’s Disclosure Framework and wider materials have been tested by more than 600 organisations in the UK and globally, across finance, the real economy and civil society. “Climate transition plans, if suitably ambitious and delivered with appropriate actions and with proper accountability, can help society allocate capital to companies and assets that are actually contributing to meeting the aims of the Paris Agreement, and away from those that aren’t,” said Ben Caldecott, Co-head of the TPT Secretariat. “The TPT has made available a globally applicable set of resources to help companies to build their transition plan and successfully raise transition finance.”
The TPT, established by HM Treasury and announced at COP26 in Glasgow in November 2021, launches today its final set of #transitionplan resources to help businesses unlock #finance for #netzero. All materials alre available at https://t.co/xIy84uCL3q pic.twitter.com/qk5BrxpWev
— Transition Plan Taskforce (@TPTaskforce) April 9, 2024
