November 14, 2022


In April this year HM Treasury created a Transition Plan Taskforce, which was formed to develop a gold standard for the creation of net zero / climate transition plans.

On 8 November, the first product of this group, a consultation paper on the disclosure framework for UK Transition Plans, was published, along with more detailed implementation guidance.

The guidance suggests that a stand alone transition plan should be published covering 19 sub- elements under 5 higher level headings. These are summarised below:

TPT-Summary-Recommendationst.pdf (

In covering the above an effective transition plan should set out:

  • An entity’s high-level ambitions to mitigate, manage and respond to the climate emergency and a low carbon economy;
  • A break down of short, medium and long-term actions;
  • A structure to ensure governance and accountability;
  • Clear KPIs and methods of measuring and addressing material risks and opportunities.

A reporting frequency of at least every 3 years is expected, but if there are large changes to the plan then this frequency should be increased. More regular progress updates will be given through the annual financial reporting cycle in the TCFD, sustainability or strategic report depending on the size of the entity.

Collaborate to Achieve

If you would like to discuss the impact of the paper on your organisation or commence your own sustainability journey then please contact Sophie Parkhouse direct or your usual Albert Goodman contact.

Alternatively if you would like to have your say on the consultation paper, you may do so here: Get Involved - Transition Taskforce.


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