43
%
have no tangible plans for drafting a transition plan.
23
%
do not understand the associated requirements for producing a transition plan.
30
%
have conducted the gap analysis and have a plan to enable production of a transition plan.
10
%
are planning to have a first draft in place by the end of 2024.
20
%
have a first draft transition plan.
47
%
understand the need to conduct a gap analysis to determine preparedness.
Transition plan preparedness
40
%
are considering aligning with the European Union Corporate Sustainability Reporting Directive (CSRD) and the Science-Based Target Initiative (SBTi).
70
%
are considering adopting the UK Transition Plan Taskforce (TPT).
Transition plan standards
17
%
have no plans for transition plan disclosure at present.
43
%
intend on making a voluntary disclosure in 2026 or later.
37
%
plan to make a voluntary disclosure in 2024 or 2025.
37
%
anticipate making their transition plan public for the first time when the disclosure becomes mandatory in their local jurisdiction(s).
Transition plan timing