Update (September 2026): The TPT framework now lives inside the UK SRS and ISSB ecosystem. The final UK SRS S1 and S2 were published 25 February 2026 and the FCA proposes mandatory UK SRS S2 for listed companies from 1 January 2027; the DESNZ consultation on climate transition plan requirements (closed 17 September 2025) still had no government response as of 20 September 2026. Separately, SBTi's Corporate Net-Zero Standard V2.0 (final 11 June 2026) becomes mandatory for submissions from 1 February 2028.
The Transition Plan Taskforce will establish best practice for firm-level transition plans and develop guidance and a set of templates setting out both generic and sector-specific disclosures and metrics. By establishing robust criteria and expectations for science-based transition plans, this work should inform the implementation of the UK’s Sustainability Disclosure Requirements and influence international standard setting, thereby supporting the UK to be the world’s first net zero-aligned financial centre.
