Climate-related transition plan requirements
Consultation description
The government committed to mandating 鈥淯K-regulated financial institutions (including banks, asset managers, pension funds and insurers) and FTSE 100 companies to develop and implement credible transition plans that align with the 1.5掳C goal of the Paris Agreement鈥.
This consultation seeks views on how the government should take forward this commitment in a way that:听
- supports an orderly transition in line with global climate goals
- enhances transparency for investors and promotes efficient capital allocation
- supports companies in capturing the opportunities from the global net zero transition
- supports the growth of the UK鈥檚 financial services industry by ensuring its sustainable finance framework is internationally competitive and maintains the UK鈥檚 status as a global financial hub.鈥
The consultation forms part of the first phase of consultations to modernise the UK鈥檚 sustainable finance framework, and has been published alongside:
- Department for Business and Trade consultation: Exposure drafts: UK sustainability reporting standards听
- Department for Business and Trade consultation: Assurance of sustainability reporting听
See also:
- IFRS: 听
- Mansion House 2024: enhancing the competitiveness of the UK鈥檚 financial services sector听
- Department for Energy Security and Net Zero consultation: Voluntary carbon and nature markets: raising integrity - closing to responses 10 July 2025