Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, what progress the Government is making on setting out sector-specific net zero transition plan guidance to support companies preparing their own transition plans.
During the UK's COP26 Presidency, the Government launched the Transition Plan Taskforce (TPT). The TPT was tasked with developing guidance for good practice transition plans. Their disclosure framework was published in October, and they will consult on detailed sector guidance in November.
As part of implementing the Green Finance Strategy, the Government is planning to consult in due course on how the UK’s largest companies can effectively disclose their transition plans, if they have one.
Additionally, the Net Zero Council, which brings together CEOs from leading companies including Co-op, HSBC, Siemens and Cemex, has developed a framework to help businesses to create tailored sector decarbonisation roadmaps.