Open consultation
Climate-related transition plan requirements
Consultation description
The government committed to mandating “UK-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°C goal of the Paris Agreement”.
This consultation seeks views on how the government should take forward this commitment in a way that:
- 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’s financial services industry by ensuring its sustainable finance framework is internationally competitive and maintains the UK’s status as a global financial hub.
The consultation forms part of the first phase of consultations to modernise the UK’s sustainable finance framework, and has been published alongside:
- Department for Business and Trade consultation: Exposure drafts: UK sustainability reporting standards
- Department for Business and Trade consultation: Assurance of sustainability reporting
See also:
- IFRS: Transition Plan Taskforce resources
- Mansion House 2024: enhancing the competitiveness of the UK’s financial services sector
- Department for Energy Security and Net Zero consultation: Voluntary carbon and nature markets: raising integrity - closing to responses 10 July 2025
Documents
Ways to respond
Updates to this page
Published 25 June 2025