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Transition Plan Taskforce (TPT) was launched by HM Treasury in April 2022 to develop the gold standard for private sector climate transition plans. The TPT recommends that a good practice transition plan should cover: high-level ambitions to mitigate, manage and respond to the changing climate. This includes GHG reduction targets (e.g., a net zero commitment) short, medium and long-term actions the entity plans to take to achieve its strategic ambition, alongside details on how those steps will be financed.
