Award

Climate transition planning - Costs and benefits

DESNZ

This public procurement record has 1 release in its history.

Award

22 Nov 2024 at 11:58

Award Notice
Summary of the contracting process

The Department for Energy Security and Net Zero (DESNZ) based in Swindon, England, has awarded a contract for a project titled "Climate Transition Planning - Costs and Benefits," classified under research and development services (CPV: 73000000). This procurement process was conducted as a mini competition under the Crown Commercial Services RM6126 Research and Insights framework, and the contract has been awarded to Cambridge Econometrics. The services will be delivered across a broad geography including the British Overseas Territories, Channel Islands, Europe, Isle of Man, Rest of the World, and the United Kingdom. The contract commenced on 7th November 2024 and will conclude on 28th April 2025, with a total value of £99,143 GBP.

This tender provides significant opportunities for small and medium-sized enterprises (SMEs) in the research and consultancy sector, especially those focusing on climate-related financial disclosures and transition planning. The project aims to bridge the evidence gap regarding the costs and benefits of transition planning for large private companies in the UK. Businesses specialising in environmental consultancy, financial analysis, and strategic planning would be well-suited to compete in such tenders. By participating in this type of contract, businesses can position themselves as key contributors to the UK's green finance strategy and the broader goal of achieving a Net Zero-aligned Financial Centre.

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Notice Information

Notice Title

Climate transition planning - Costs and benefits

Notice Description

***** THIS IS AN AWARD NOTICE, NOT A CALL FOR COMPETITION ***** This procurement is being concluded following a mini competition under the Crown Commercial Services RM6126 Research and Insights framework. Brief Description of Requirement. The 2023 Green Finance Strategy sets out how the UK Government will pursue its ambition to become the world's first Net Zero-aligned Financial Centre. Transition planning can play a key role to achieve this ambition and the UK is already leading internationally on promoting the development and use of transition plans. Transition planning is the process by which companies set climate ambitions and targets and decide the steps they need to take to reach those targets. The subsequent disclosure of a transition plan provides key stakeholders with the information they need to understand the steps a company intends to take, when and why. The creation and disclosure of transition plans may therefore lead to costs and benefits to preparers, users, and the wider society as we transition to a low carbon economy. Current evidence on the costs and benefits of transition plans is limited and focused on listed and financial services companies. There is a substantial evidence gap to understand the effects of transition plans for the UK largest private companies. Additionally, there is limited evidence on the additional costs and benefits of transition planning disclosure when firms are already producing information in line with existing climate related disclosure requirements, e.g., Task Force on Climate-Related Financial Disclosures (TCFD). The proposed research seeks to fill this gap. It will identify and measure the costs and benefits of transition planning and generate a robust evidence base for planned policies.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9e2c6942-b32a-4683-b6c8-6ad94b58fc6e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/02cef103-76d0-4c1f-b530-22922cde019f
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a dynamic purchasing system
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

CPV Codes

73000000 - Research and development services and related consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£99,143 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
22 Nov 20241 years ago
Submission Deadline
20 Sep 2024Expired
Future Notice Date
Not specified
Award Date
1 Nov 20241 years ago
Contract Period
7 Nov 2024 - 28 Apr 2025 1-6 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DESNZ
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SWINDON
Postcode
SN2 1FF
Post Town
Swindon
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK71 Swindon
Delivery Location
Not specified
Local Authority
Swindon
Electoral Ward
Rodbourne Cheney
Westminster Constituency
Swindon North

Supplier Information

Number of Suppliers
1
Supplier Name

CAMBRIDGE ECONOMETRICS

Further Information

Open Contracting Data Standard (OCDS)

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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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