--- title: "Transition Planning for the Financial Sector" ocid: "ocds-b5fd17-0d48cd1a-caa4-4576-bf29-78813533f263" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-0d48cd1a-caa4-4576-bf29-78813533f263" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-0d48cd1a-caa4-4576-bf29-78813533f263.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-0d48cd1a-caa4-4576-bf29-78813533f263.json" source: "Contracts Finder" current_stage: "Tender" buyer: "WWF-UK (WORLD WIDE FUND FOR NATURE) TRADING LIMITED" published: "2023-03-02" --- # Transition Planning for the Financial Sector Buyer: WWF-UK (WORLD WIDE FUND FOR NATURE) TRADING LIMITED Current stage: Tender OCID: ocds-b5fd17-0d48cd1a-caa4-4576-bf29-78813533f263 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-0d48cd1a-caa4-4576-bf29-78813533f263) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-0d48cd1a-caa4-4576-bf29-78813533f263.json) ## Summary 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. ## Notice 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. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/e577f697-663e-4549-8847-f58fa0923d41 | | 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 | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 2 Mar 2023 | | Submission deadline | 7 Mar 2023 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 26 Mar 2023 - 31 May 2023 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £40,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | WWF-UK (WORLD WIDE FUND FOR NATURE) TRADING LIMITED | | Locality | WOKING | | Post town | Guildford | | Postcode | GU21 4LL | | Country | England | | ITL 1 | TLJ South East (England) | | ITL 2 | TLJ2 Surrey, East and West Sussex | | ITL 3 | TLJ25 West Surrey | | Local authority | Woking | | Electoral ward | Horsell | | Westminster constituency | Woking | | Delivery location | Not specified | ## CPV Codes ### Divisions - 73 - Research and development services and related consultancy services ### Codes - 73100000 - Research and experimental development services - 73200000 - Research and development consultancy services - 73300000 - Design and execution of research and development ## Release History - 2 Mar 2023 at 21:19 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/e577f697-663e-4549-8847-f58fa0923d41 - 10 Feb 2023 at 10:09 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/e577f697-663e-4549-8847-f58fa0923d41 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/e577f697-663e-4549-8847-f58fa0923d41 2nd March 2023 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/15e7f332-8da4-447c-820d-4636fc5c5fb5 - https://www.contractsfinder.service.gov.uk/Notice/Attachment/b43bea9c-4449-47ae-b287-96c1fa23d7ff - https://www.contractsfinder.service.gov.uk/Notice/Attachment/27e10d00-6907-4d27-9e69-613459121935 - https://www.contractsfinder.service.gov.uk/Notice/Attachment/90128506-7645-407d-a40f-7769016d7bfd - https://www.contractsfinder.service.gov.uk/Notice/Attachment/775480f1-f911-4fa7-b938-945bfcb66ba5 - https://www.contractsfinder.service.gov.uk/Notice/Attachment/e018f19d-b8e9-42c4-a470-79b936d6cda7 ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-0d48cd1a-caa4-4576-bf29-78813533f263. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-0d48cd1a-caa4-4576-bf29-78813533f263.json.