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United Kingdom

UK net zero transition plans: TPT Disclosure Framework, ISSB/TCFD alignment and emerging FCA and government requirements for listed companies, financial institutions and large private companies

Practice notes
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Introduction

This Practice Note outlines proposals to introduce compulsory obligations for particular UK companies to disclose a net zero transition plan. Although reporting such plans is not yet mandatory, many businesses already publicise their net zero pledges voluntarily under the ‘comply or explain’ requirements for listed issuers.

On 9 October, 2023, the Transition Plan Taskforce (TPT) released a best-practice, standardised disclosure framework for climate transition plans. Alongside this, the TPT’s Co-Chairs, Amanda Blanc, CEO of Aviva, and Baroness Penn, Treasury Lords Minister HM Treasury, encouraged companies to use the TPT’s resources to begin their transition to Net Zero.

There has long been an expectation that compulsory rules would follow the TPT’s creation of this gold‑standard Disclosure Framework. This Practice Note concentrates on the TPT’s standardised Disclosure Framework for climate transition plans and the related guidance. Topics include net zero transition plans, the TPT’s standardised disclosure framework for climate transition plans, and guidance designed to support both drafters and users of climate transition...

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Justine Sacarello
Justine Sacarello

Justine is General Counsel at PKF Littlejohn LLP and a member of the ESG team. Justine has significant in-house experience leading the legal of transformation programmes as well as advising FS boards, and their Regulators, in connection with all aspects of best practice for all aspects of financial services, governance, more recently incorporating ESG metrics, and the implementation of strategic and legal transformation programmes as well as advising on critical impact issues.Justine is a member of The Lawyer Influencers Panel, and a regular speaker on all aspects of legal critical thinking.Justine is registered as a solicitor with the Solicitors Regulation Authority. ...

Web page updated on 22/05/2026

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