May 11 2022 (London): Commenting on the UK Transition Plan Taskforce's Call for Evidence that is seeking feedback on key principles and elements of a credible climate transition plan. CDP is a member of the delivery group for the UK Transition Plan Taskforce.
Nicolette Bartlett, Chief Impact Officer said:
CDP welcomes the UK Transition Plan Taskforce’s Call for Evidence announced today, which will help shape and sandbox a guiding framework for companies when developing a credible climate transition plan. Climate transition plans are essential to ensure UK companies pivot towards a 1.5C aligned world and remain profitable in a net-zero economy. As the global environmental disclosure system, CDP will be an essential mechanism to help companies with the introduction of mandatory disclosure on climate transition plans.
As a member of the UK Transition Plan taskforce delivery group, CDP will be working closely with the UK government to establish a strong, sector-neutral framework, and with 353 UK companies already disclosing through CDP that they are developing climate transition plans, we are well-positioned to provide support with our wealth of data. CDP has also developed multiple guidance documents to support companies on their journey and is already working to champion the disclosure of credible climate transition plans among our stakeholders