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<p>3700 UK small businesses have joined the UN’s Race to Zero initiative, as have
two thirds of the FTSE 100. One of the requirements for businesses joining the initiative
is that they publicly disclose their Transition Plans within twelve months of joining.
It is also important to highlight the very valuable work of the Transition Plan Taskforce,
which has published its disclosure framework and implementation guidance for gold
standard transition plans.</p><p> </p><p>In January 2022, the Financial Conduct Authority
introduced rules for listed companies to disclose transition plans, initially on a
comply or explain basis. The first disclosures under these rules will be made in 2023.</p>
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