Transition Plan Taskforce
From ACT Wiki
Climate change - emissions - financial risks - transition - UK - IFRS Sustainability Knowledge Hub.
(TPT).
The Transition Plan Taskforce is a UK government initiative to establish and publish credible standards for the quality of firms' plans to reduce their greenhouse gas emissions.
With effect from 2024, the Transition Plan Taskforce's outputs are hosted by the IFRS Sustainability Knowledge Hub.
- Tackling greenwashing - UK
- "An increasing number of firms are making public commitments to decarbonise their operations and reach net zero emissions.
- Yet publicly disclosed transition plans are varied in detail and quality, limiting the ability of stakeholders to assess their credibility.
- The UK Government is requiring large companies and certain financial sector firms to publish a transition plan from 2023.
- The UK Government has mandated the Transition Plan Taskforce (TPT) to develop a gold standard for transition plans.
- The TPT’s work will help to drive decarbonisation by ensuring that financial institutions and companies prepare rigorous plans to achieve net zero and support efforts to tackle greenwashing."
- Transition Plan Taskforce - transition plans.
See also
- Climate change
- Climate transition risk
- Conduct
- Decarbonise
- Greenhouse gas
- Greenwash
- International Financial Reporting Standards (IFRS)
- Net zero
- Paris Agreement
- Reputational risk
- Stakeholder
- Sustainability
- Transition finance
- Transition plan
- Transition Pathway Initiative (TPI)
- Transition risk
