UK transition task force must recognise financial variety, industry warns

The Transition Plan Taskforce, launched this week by the UK Treasury to guide the financial sector to a net zero future, must avoid a ‘one size fits all’ framework, say financial firms and consultants.

The task force will establish best-value metrics for environmental targets, develop measures to combat greenwashing and establish a ‘gold standard’ for UK companies in their plans for reaching net zero carbon emissions.