Climate transition plans - charting a greener future
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Climate transition plan – do you have one? Mandatory disclosure of climate transition plans is on the horizon – with the UK Government announcing its goal to set a ‘gold-standard’, and appointing the Transition Plan Taskforce to produce a framework (now open for consultation).
The components of a transition plan are extensive and will require careful consideration. Substantial resources will need to be deployed. Robustness and credibility are paramount – particularly in light of increasing stakeholder pressure.
Speak to one of our environmental team today to discuss how we can help you with your preparation and implementation of your transition plan.
The article examines:
- The UK’s net-zero commitments and the current regulatory requirements as regards climate transition plans.
- The work of the Transition Plan Taskforce, focusing on the elements of its disclosure framework for gold-standard net-zero transition plans.
- The practical steps that organisations should consider when drawing up a transition plan and the challenges that they may face when doing so.
This article first appeared in the May 2023 issue of PLC Magazine.