We are pleased to partner with Climate Action for the Sustainable Investment Forum North America 2024, taking place on September 24 at Ziegfeld Ballroom, New York during #ClimateWeekNYC. Register today: https://j1l.in/WNiMUP #SINVNA
Transition Plan Taskforce (TPT)
Think Tanks
UK taskforce co-developing the gold standard for credible and robust corporate transition plans for achieving net zero
About us
Net zero and transition plans have become new norms in private sector ambition. An increasing number of organisations are making public commitments to reach net zero. Yet existing transition plans vary in detail and quality, limiting the ability of stakeholders to assess their credibility. There is significant demand from the private sector for standardised, high quality plans to make better-informed decisions about how to allocate capital. This will support the UK’s transition to net zero. The TPT is working with international frameworks which are preparing guidance on transition plan disclosures, including the Glasgow Financial Alliance for Net Zero (GFANZ) and International Sustainability Standards Board (ISSB). The Taskforce will take forward the foundational work from these bodies to develop granular transition plan recommendations suitable for incorporation into regulatory frameworks in the UK. Both the ISSB and GFANZ sit on the TPT Steering Group. Along with the UK, many countries are expected to adopt the ISSB’s global baseline and build on it. The TPT should be viewed as a UK jurisdictional initiative to apply and build on the ISSB’s baseline. We hope the TPT Framework will influence the development and convergence of transition plan disclosures in other jurisdictions. To that end, we are engaging with the ISSB, IOSCO and financial regulators in other jurisdictions. The TPT is also engaging with other countries that are developing disclosure and transition plan frameworks. Transition plan disclosures are a key part of net zero financial architecture: they support the shifting of capital and the implementation of Nationally Determined Contributions. The UK’s expectations for transition plans will have an impact on companies around the world, given the UK’s standing as a listing location for international companies and a hub for financial services firms managing global investments.
- Website
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https://transitiontaskforce.net/
External link for Transition Plan Taskforce (TPT)
- Industry
- Think Tanks
- Company size
- 2-10 employees
- Headquarters
- London
- Type
- Nonprofit
- Founded
- 2021
- Specialties
- transitionplans, sustainablefinance, climatereporting, and disclosure
Locations
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Primary
London, GB
Employees at Transition Plan Taskforce (TPT)
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Ben Caldecott
Director, Oxford Sustainable Finance Group and the Lombard Odier Associate Professor of Sustainable Finance, University of Oxford; Director, UK…
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Kate Levick
Associate Director, Sustainable Finance at E3G
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Chandra Gopinathan, CAIA
Multi-Asset and Distressed Credit | External Manager Selection | Energy Transition Investing | Stewardship
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Toby Roxburgh
Nature & biodiversity strategy | Nature risk | Business sustainability | Policy | Conservation
Updates
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The TPT Just Transition Working Group provided advice to the TPT on integrating adaptation and physical resilience into the TPT Disclosure Framework and suite of Sector Guidance. In addition, the Working Group published a ‘one stop shop’ for just transition metrics which reviews, maps and aggregates just transition metrics from 13 disclosure frameworks relevant to transition planning. The below report should be read alongside the below spreadsheet ‘“A compendium of just transition relevant metrics in 13 disclosure frameworks: April 2024″. Both documents can be found on the TPT website: https://lnkd.in/emPecDVb These documents are not part of the core suite of Transition Plan Taskforce documents and were produced independently of the TPT Steering Group and Delivery Group. Nick Robins Brendan Curran Bella Landymore Jodi-Ann Jue Xuan Wang Andrea Saldarriaga Martin Casey Adam Matthews Rae Lindsay Tori W. Goze Dogu Michaela Wright John Morrison Clara Barby Jenny Smedley Krishna Nahal Katharina Lindmeier, CFA Joanna Bonnett Carlota Garcia-Manas, MSc Georgina Chiu Simonetta Spavieri ABS GUPTA Kate Wallace Lockhart Rachel McEwen Anna Markova 📌 Ben Caldecott Kate Levick Sophie English Sophie Collerton Ira Poensgen Nina Pimblett Ben Gilbey Kate Ryan
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The TPT Adaptation Working Group provided advice to the TPT on integrating adaptation and physical resilience into the TPT Disclosure Framework and suite of Sector Guidance. In addition, the Working Group published an advisory paper that provides a brief for practitioners preparing to develop their entities’ climate adaptation and resilience focused disclosures within their transition plan. This paper is not part of the core suite of Transition Plan Taskforce documents and was produced independently of the TPT Steering Group and Delivery Group. Faith Ward Katie Spooner Kit England Rick Stathers Dr. Chiara Trabacchi Amir Sokolowski James Vaccaro Sarah Duff Bill Donovan Jack Bisset Yasmin Raza Will Graham Danielle Boyd Leo Donnachie Rowan Douglas CBE Vanessa Havard-Williams Swenja Surminski Tim Smith, CFA Michael Mullan Rachel Turner Sudeshna Raychaudhuri Arifa Akther Dr Nicola Ranger Ben Caldecott Kate Levick Ira Poensgen Sophie English Sophie Collerton Nina Pimblett Kate Ryan Ben Gilbey
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In April 2024, the Transition Plan Taskforce (TPT)'s published the "Opportunities and challenges relating to the use of private sector transition plans in emerging markets and developing economies" paper which: • provides an overview of the need for transition finance and potential role of transition plans to support finance mobilisation in EMDEs; • draws out key themes related to opportunities and challenges; and • identifies solution spaces, mostly at the multilateral level, to leverage solutions and address challenges. 🔗 Follow this link to read the paper: https://lnkd.in/eABy3Cc3 Kate Levick Ben Caldecott Kate Ryan Ira Poensgen Nina Pimblett Ben Gilbey José Ignacio Martínez Echenique
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Join the Transition Plan Taskforce (TPT) and Climate Action at the Sustainable Investment Forum North America 2024, the largest finance focused event during #ClimateWeekNYC. Register today: https://j1l.in/WNiMUP #SINVNA
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We're looking forward to the "Transition planning: moving from principles to practice" event taking place on 25th September at NYC Climate Week, which Ira Poensgen will be speaking at! Information about the event can be found at https://lnkd.in/ehs55tH8 WBCSD – World Business Council for Sustainable Development Columbia Center on Sustainable Investment Climateworks Centre CETEx (Centre for Economic Transition Expertise)World Benchmarking Alliance Mark Manning
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Will you be at NYCW?🗽We are pleased to partner with Climate Action for the Sustainable Investment Forum North America 2024, taking place on September 24 at Ziegfeld Ballroom, New York during #ClimateWeekNYC. Register today: https://j1l.in/WNiMUP #SINVNA
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The TPT Sector Summary provides an overview of transition plan guidance for 30 financial and real economy sectors, including recognised decarbonisation levers, metrics & targets, and key sources of guidance for transition plans in each sector. All information within the Sector Summary was drawn from existing guidance sources. 🔗 The TPT Sector Summary can be found on the TPT website: https://lnkd.in/ef5Etsqp Kate Levick Ben Caldecott David Harris Julie Baddeley Nina Pimblett Ben Gilbey Alexander Schlatter Sora Utzinger Andy Ross Alison Midgley Abigail Bernabe Sebastian C. Wiktoria Borzynska Alonso Lanzagorta Raj Singh Valeria Piani Rory Cronin Nitika Agarwal Nick Molho Tony Rooke Ira Poensgen Kate Ryan
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Some interesting insights included within Deloitte's Corporate Reporting Insights 2024, which looks at the first 50 annual reports issued by FTSE 100 reporters in 2024. It was encouraging to see an uplift in the number of companies using the TPT Disclosure Framework, particularly considering that the final framework was only published in October! "Given that the IFRS Foundation is assuming responsibility for the TPT Disclosure Framework and the FCA are already encouraging listed companies to consider the TPT Disclosure Framework and related guidance, it was encouraging to see that 22% of companies stated that they had considered either the proposed or finalised TPT Disclosure Framework when preparing their 2023 disclosures compared with 6% in 2022. An additional 18% stated that they intend to produce TPT aligned disclosures going forward (up from 12% in 2022)." Read more here: https://lnkd.in/dW9DyaUU Alison Dundjerovic Max Rose Nathan Chan Kate Levick Ben Caldecott Ira Poensgen Nina Pimblett Kate Ryan Ben Gilbey
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Want to work as part of an exciting team working at the forefront of sustainable finance? The Transition Plan Taskforce (TPT) is looking for a Communications Manager to develop and deliver our communications, marketing and events strategy. Further information about the role can be found on the E3G website: https://lnkd.in/epQ23iEm Kate Levick Helen Civil Ira Poensgen Kate Ryan Nina Pimblett Ben Gilbey
Communications Manager, London
e3g.bamboohr.com