Stranded fossil fuel assets could cause $141bn in losses for UK economy by 2040
UK is more exposed than US and China, UKSIF report finds
UK is more exposed than US and China, UKSIF report finds
Aligned with SBTi principles and the Transition Plan Taskforce framework
Taskforce has given businesses ‘a groundbreaking framework to develop transition plans’
Letter sent to 76 FTSE 100 companies including Schroders and Hargreaves Lansdown
Looking to work more closely with the GRI, CDP, TPT and TNFD
Comes as investor and regulatory pressure for credible transition plans grows
Transition planning seen as a ‘key tool’ to increase momentum for transition finance
Sector-specific guidance intended to help preparers interpret the final TPT disclosure framework
New advisory business will support regulators and policymarkers on transformation to sustainable future
Framework ‘can act as a blueprint to inform policy approaches in other markets’
EY findings come nearly 18 months after decarbonisation plans mandated to be published by 2023
Also announces developments to working, testing and delivery groups