Net Zero Council announced the launch at the Annual Reception of the Broadway Initiative and the Institute of Sustainability & Environmental Professionals (ISEP) – formerly IEMA, hosted by Lord Gus O'Donnell at the Royal United Services Institute.

The Broadway Initiative, together with DESNZ, provides the secretariat for the Net Zero Council and has convened organisations from across the economy to help shape the STP approach. The Broadway Initiative is now supporting implementation of STPs through a three-year programme of collaboration.

The launch marks the publication of STP guidance, developed by the Broadway Initiative, in close liaison with the Transition Finance Council, at the direction of the Net Zero Council. The guidance provides a blueprint for each major sector of the economy to co-create a shared vision and pathway to net zero, supported by finance and policy frameworks.

The launch also confirmed three further developments:

• A new collaboration agreement between the Net Zero Council and the Transition Finance Council to align financial and sectoral planning.
  
• Co-investment by Government in the UK Business Climate Hub, expanding its role as the central platform for developing, hosting and maintaining STPs across the economy.
  
• A new programme to ensure that small and medium-sized enterprises (SMEs) can easily access tailored support to decarbonise, cut costs and capture clean growth opportunities.

This moment marks a significant moment in the UK’s climate and economic strategy, with new guidance published to support sector-wide planning, investment alignment, and SME engagement. Broadway Initiative wishes to thank the wide range of organisations and individuals that collaborated on the production of the Guidance and the launch of the STP workstreams, including the members of both Councils. Read the Sector Transition Plan Guidance here.