On 9 April 2024, the Transition Plan Taskforce (TPT) published the final set of transition plan resources to help businesses unlock finance for net zero.

In October 2023, the TPT published its final Disclosure Framework, as part of a wider suite of Implementation Guidance which included guidance to help preparers explore the disclosure recommendations and technical mapping to the final climate-related disclosures standards (IFRS S2) issued by the International Sustainability Standards Board and the Task Force on Climate-Related Financial Disclosures’ recommendations and guidance.

On 13 November 2023, the TPT launched a consultation on its sector-specific guidance for preparers and users of climate transition plans. The deadline for feedback on the consultation was 29 December 2023.

The materials now published are a final sector deep dive which follow the consultation and include:

  • Sector-specific transition plan guidance for asset owners, asset managers, banks, electric utilities and power generators, food and beverage, metals and mining and oil and gas.
  • Sector summary guidance, with high level guidance for 30 sectors of the global economy.
  • Guidance on the how to undertake a transition planning cycle.
  • A paper on the opportunities and challenges of transition plans in emerging markets and developing economies.
  • Independent advisory pieces from TPT Working Groups on Adaptation, Nature, JustTransition and SMEs, exploring how transition planning can extend beyond realising net zero.