Transition Plan Taskforce launches sector specific consultation
The Transition Plan Taskforce(TPT), a coalition of UK investors aimed at developing credible transition plans has launched a consultation on how seven sectors within finance and the real economy are adapting to climate change.
The consultation will invite views from asset managers, asset owners, banks, electric utilities & power generators, the food and beverage, metals and mining and oil and gas industry to develop a clearer picture of their climate transition plans.
It is aimed at providing a more customised interpretation of the final TPT Disclosure Framework for the respective sectors.
Kate Levick, co-head of the Transition Plan Taskforce, said: “TPT is delighted to achieve the next step delivering on its mandate to provide real-life detailed guidance to help companies in their journey to climate transition and to a net zero economy. We call on companies to read the relevant drafts and tell us what more they need from the final guidance to help them achieve success.”
“The sectors selected by TPT will all be important for the UK and global transition, the drafts launched today are intended to support the delivery of credible and robust transition plans by firms which can stimulate investment and economic growth” she added.
Companies are invited to feed back their comments on the consultation forms until 29 December 2023.