Transition Plan Taskforce consults on sectors, including asset owners

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The Transition Plan Taskforce has launched a consultation on sector-specific guidance covering seven sectors within finance and the real economy, including asset owners and asset managers. The consultation closes on 29 December. 
The sector-specific guidance, aimed at professionals preparing private sector climate transition plans, supplements TPT’s recently published Disclosure Framework and implementation resources for best practice transition plans. 
The sectors it addresses are asset management, asset owners, banks, electric utilities and power generators, food and beverage, metals and mining, and oil and gas.  
Kate Levick, who co-heads 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.” 
She added: “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.” 
Final sector guidance is expected to be published in February 2024. 
TPT is also currently seeking feedback on the already published draft ‘Sector Summary’, which is open for comment until 24 November.  
Users and preparers are encouraged to provide feedback using the ‘Give Your Feedback’ form included within each of the sector pages. 

Do you find the TPT guidance helpful? 

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