Tender

Transition Planning for the Financial Sector

WWF-UK (WORLD WIDE FUND FOR NATURE) TRADING LIMITED

This public procurement record has 2 releases in its history.

TenderAmendment

02 Mar 2023 at 21:19

Tender Notice
Tender

10 Feb 2023 at 10:09

Tender Notice
Summary of the contracting process

The procurement process involves a tender titled "Transition Planning for the Financial Sector" initiated by WWF-UK (WORLD WIDE FUND FOR NATURE) TRADING LIMITED. The procurement falls under the services category within the research and experimental development services classification. Located in WOKING, England, the tender has a contract value of £40,000 and is currently at the open stage. The tender deadline for submissions is on March 3rd, 2023, with the contract period starting on March 27th, 2023, and ending on May 31st, 2023.

This tender presents an opportunity for businesses interested in research and experimental development services to contribute to the decarbonisation goals of the finance sector. SMEs and VCSEs are particularly encouraged to participate in this tender due to its nature-positive focus on rapid decarbonisation. Companies looking to engage in innovative solutions for transitioning to net zero emissions in the financial sector would find this tender well-suited for business growth and sustainability purposes.

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Notice Information

Notice Title

Transition Planning for the Financial Sector

Notice Description

Please read Invitation to Tender PDF doc for full information. Background: WWF-UK's finance and economics policy teams work to ensure that the financial system and economy decarbonise, counter the damaging effects of climate change and deliver a nature-positive future. Transition plans have been promoted as one of the key routes by which the UK's (and the world's) finance sector and economy will reach net zero. In 2022, a government-backed Transition Plan Taskforce was set up in the UK to look at developing gold standard private sector climate transition plans. The government committed to making disclosure of these plans mandatory for listed companies and financial institutions. Whilst these plans are primarily designed for climate disclosure, WWF-UK have been exploring how nature could also be incorporated into transition plans. Why WWF-UK needs this project to be carried out: The government's theory of change is that in requiring financial institutions and listed companies to disclose transition plans for their Scope 1, 2 and 3 emissions, it will create market pressure on them to ensure that those plans are credible and will place the same pressure on all the companies in their financing and supply chains. In other words, disclosure will generate the pressure for transition plans to be credible and acted on by companies. While disclosure is important, we would like to explore its effectiveness and to what extent additional regulatory and accountability requirements would be needed to ensure that transition planning drives real world decarbonisation required to deliver on the UK's net zero commitments. This project aims to understand (a) to what extent current transition plan disclosure requirements, as announced by the UK government and developed through the UK TPT, will help to deliver rapid decarbonisation, and (b) to what extent further action beyond existing commitments and guidance is required from government (and regulators) to ensure that transition planning and its disclosure is robust/credible, easily and widely adopted by FIs and other key stakeholders, and ultimately drives rapid decarbonisation.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0d48cd1a-caa4-4576-bf29-78813533f263
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e577f697-663e-4549-8847-f58fa0923d41
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

CPV Codes

73100000 - Research and experimental development services

73200000 - Research and development consultancy services

73300000 - Design and execution of research and development

Notice Value(s)

Tender Value
£40,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
2 Mar 20232 years ago
Submission Deadline
7 Mar 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
26 Mar 2023 - 31 May 2023 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
WWF-UK (WORLD WIDE FUND FOR NATURE) TRADING LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
WOKING
Postcode
GU21 4LL
Post Town
Guildford
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ25 West Surrey
Delivery Location
Not specified
Local Authority
Woking
Electoral Ward
Horsell
Westminster Constituency
Woking

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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