Transition planning for real estate.

Transition planning was taking hold, but the general guidance didn't fit real estate.

The Transition Plan Taskforce framework was becoming the benchmark across financial and corporate sectors. But it was written for companies and financial institutions in general. Real estate is physical, illiquid and place-based, and delivery depends on tenants, operators and individual buildings.

Together with IIGCC, the Green Finance Institute and GREEN, we saw the opportunity: adapt the framework for real estate, then take it to the people who would use it. We made the case to Laudes Foundation to fund both.

Co-owned from the first conversation.

We designed a process that everyone in it would own. The partners shared the vision, the governance and the output. We recruited the author into the middle of the coalition, working for all of it rather than any one member.

Around that core, we built concentric circles of buy-in: NGOs contributing expertise, an industry group of owners, investors and banks testing every idea, and six industry associations lending their names. By the time the guidance was drafted, the people it was written for had already shaped it. Pooling their perspectives cut duplicated effort and spread first-mover risk. Many moving parts became one coordinated position.

One credible set of guidance for the sector.

In January 2026 the coalition published the first version of the Transition Planning Real Estate Sector Guidance for consultation. It adapts the TPT framework for European institutional real estate, and is designed for boards and executives, not reporting teams. Six industry associations put their names to it.

Phase 2 takes it to the market: consultation with plan writers, lenders and assessors, deeper work on just transition and governance, and a long-term home for the guidance.

NGO partners writing one guidance, not three

industry associations backing the guidance publicly

months from grant to published draft

sector guidance, the first for European real estate

NGOs and industry bodies aligned their positions, instead of publishing competing ones.

Real-economy leaders shaped the guidance, and began citing it in public forums.

Lenders including Lloyds and ING engaged more than expected, testing transition plans for due diligence.

Organisations that might have published separately now co-own one output, and are taking it forward together.