Regulatory Briefing: UK Transition Plan Taskforce opens consultation on new framework

The UK’s new Transition Plan Taskforce has launched a consultation on its Sector-Neutral Framework, which will help shape its guidance on how firms should frame their net zero transition plans. Typical of the questions asked is whether data and metrics used to communicate ambition and measure progress in transition plans should be standardised.

The government-backed TPT wants to create a framework for corporate transition plans that is neutral across sectors. It will also recommend how to enhance firms’ capacity to use transition plans and how to produce plans that are “accurate, robust and accountable”. It has been given two years to complete the task.