The UK Government's Transition Plan Taskforce launched its finalised guidance today on gold standard guidance for private sector transition plans today - link to event and supporting guidance can be found here Launching the Gold Standard for Transition Plans - Transition Taskforce - The framework has been developed with GFANZ and ISSB standards in mind, including a formal mapping to TCFD, ISSB, and European reporting standards - see below overview.
In November, Sector Specific guidance will be issued for consultation, including those for Asset Managers. The FCA is expected to consult in H1 2024 the application of mandatory transition plans for large listed companies FCA welcomes the launch of the Transition Plan Taskforce Disclosure Framework | FCA, Clearly, there's an expectation that transition plans will become business as usual in future. See blog from LSEG here for further discussion Make climate transition plans business as usual | LSEG
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James Doyle
Director, Green Finance, Investment Management
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