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The submission broadly supports the proposed definition and disclosure approach, but recommends strengthening measurable actions and targets, linking strategy and targets more clearly, and improving comparability and aggregability for entities such as banks and asset managers. 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Led by asset owners and supported by asset managers, TPI's vision is to provide assessment frameworks, based on publicly disclosed information, that enable investors to assess corporate and sovereign practices and processes objectively and robustly. TPI is the main research partner and data provider for the CA100+ Net Zero Company Disclosure Benchmark.  \nAbout this submission  \nAnnounced at COP26 in Glasgow, the Transition Plan Taskforce was set up by HM Treasury to “develop the gold standard for private sector climate transition plans .”. The stated goal of these guidelines is to establish the UK as a leading net-zero aligned financial centre by enabling market participants to access\"better and more consistent climate data; sovereign green bonds; mandatory sustainability disclosures; proper climate risk surveillance; and proper global reporting standards. \"  \nIn November 2022, the UK’s Transition Plan Taskforce Consultation opened its consultation period on the TPT Disclosure Framework and Implementation Guidance, inviting feedback on the approach that regulatory authorities and market participants could take to foster sound and well-functioning voluntary carbon markets. The framework and implementation guidance can be found here:  \n[https://transitiontaskforce. net/publications-2/](https://transitiontaskforce. net/publications-2/)  \nThis report consists of a submission to this consultation written by Valentin Jahn on behalf of TPI Global Transition Centre and the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science . The response was submitted on 28 February 2023. The version presented here has been edited for clarity and context.  \nAuthors’ note  \nThe evidence in this submission is drawn from our ongoing research for the Transition Pathway Initiative (TPI) Global Climate Transition Centre, which is hosted by the Grantham Research Institute.  \nAbout the authors  \nValentin Jahn is Principal Research Project Manager and Transition Pathway Initiative CA100+ Project Lead at the Grantham Research Institute on Climate Change and the Environment.  \nSimon Dietz is Research Director of the TPI Global Climate Transition Centre and Professor of Environmental Policy in the LSE’s Grantham Research Institute on Climate Change and the Environment, and Department of Geography and Environment.  \nAcknowledgements  \nThe authors of this submission gratefully acknowledge inputs provided by Robert MacQuarie and Jared Sharp.  \nThe views expressed in this report represent those of the authors and do not necessarily represent those of the host institutions or funders . The authors have no relevant financial or non-financial interests to disclose .  \nThis report was first published in February 2023 by the Grantham Research Institute on Climate Change and the Environment.  \n© The authors, 2023  \nPermissions requests should be directed to the Grantham Research Institute .  \nSuggested citation: Jahn V and Dietz S (2023) Response to the Transition Plan Taskforce (TPT) Disclosure Framework and Implementation Guidance consultation. London: Grantham Research Institute on Climate Change and the Environment, London School of Economics and Political Science.  \nSummary points  \n• We broadly agree with the proposed definition and recognise the challenge of a definition that is sector agnostic and applicable to a vast range of different entities . However, we believe there are two important aspects that should be more prominent in the final ","cbCaiiWNW7aw7hS0","https://ap.wps.com/l/cbCaiiWNW7aw7hS0","pdf",8638193,"English","# About this submission\n## Authors’ note\n## About the authors\n## Acknowledgements\n## Summary points","[{\"question\":\"What is the purpose of the TPT Disclosure Framework and Implementation Guidance?\",\"answer\":\"It aims to develop a “gold standard” for private sector climate transition plans and enable market participants to access more consistent climate data and disclosures.\"},{\"question\":\"What key changes does the submission recommend for the final definition?\",\"answer\":\"It recommends emphasizing clear, measurable actions and targets to demonstrate transition trajectories, and basing transition plans on national and international climate goals rather than voluntary contributions.\"},{\"question\":\"How should entities define and present targets in the framework?\",\"answer\":\"The submission advises publishing short-, medium-, and long-term targets, aligning short-term targets with the transition plan frequency (every three years), and using aggregable, transparent GHG targets, preferably in physical units.\"}]","Response to the Transition Plan Taskforce (TPT) Disclosure Framework and Implementation Guidance consultation - March 2023 | PDF",1789158339]