FCA Adaptation Report: Transition Planning and Adaptation

28 Jan

The UK’s TCFD regime requires listed companies and regulated firms to integrate climate transition plans aligned with net-zero 2050 targets.

Recognising inevitable climate change, firms should assess adaptation impacts on their operations.
The Transition Plan Taskforce (TPT) has established a ‘gold standard’ for transition plans incorporating adaptation.
The TPT’s work now falls under the International Sustainability Standards Board (ISSB), which will oversee the adoption of IFRS S1 and S2 standards in the UK (expected Q1 2025).
Consultation will occur on strengthening transition plan disclosures, referencing the TPT framework.

Financial Conduct Authority, FCA Adaptation Report

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