Source · Select Committees · Environmental Audit Committee
Recommendation 14
14
Not Addressed
Paragraph: 91
Publish further guidance for stakeholders on integrating just transition principles into the transition plan framework.
Recommendation
We recommend that the Government publish further guidance to stakeholders to advise explicitly how just transition principles should be considered within the transition plan framework, to ensure that companies are able to provide better outcomes for all people, including workers and their communities.
Government Response Summary
The government notes the Transition Plan Taskforce (TPT) has a Just Transition Working Group to advise on integrating these principles into TPT outputs but does not commit to publishing its own further guidance for stakeholders as recommended.
Paragraph Reference:
91
Government Response
Not Addressed
HM Government
Not Addressed
The TPT’s core mandate is to develop a framework for corporate and financial institutions’ climate transition plans. In response to stakeholder feedback, the TPT has launched three Working Groups on nature, adaptation and just transition. These groups are providing advice on the appropriate integration of these topics into the TPT’s outputs, noting that the understanding of nature-related transition issues is currently limited to climate ones. The Government has always been clear that UK Sustainability Disclosure Requirements should be underpinned by internationally recognised standards as far as possible, to ensure that environmental issues can be tackled across borders, especially for those firms operating in multiple jurisdictions.