The Government is introducing a new reporting requirement for listed companies to demonstrate their commitment to net zero by reporting on their plans to make that transition within their business
The new requirement will begin in 2023. The Treasury has created a Transition Plan Taskforce (TPT) to produce frameworks and guidance to ensure companies report on a consistent basis. The TPT has issued a consultation on the first framework which will apply to all businesses and covers what should be included in plans and how businesses demonstrate the credibility of them. There is also likely to be a retail specific framework and we are planning to use our Climate Action Roadmap to demonstrate compliance with that element.
Our internal consultation to form a BRC position is below