Circularly polarized luminescence (CPL) materials hold significant promise in multidisciplinary fields such as circularly polarized organic light‐emitting diodes, biological probes, data storage, and information encryption. However, these cutting‐edge applications also put forward higher requirements for the design of CPL materials, requiring large dissymmetry factor and high emission quality. For this purpose, diverse approaches have been explored to generate and enhance CPL emission. Among them, energy transfer (ET) strategy stands out as it can be readily implemented in a wide range of CPL materials. The present work overviews latest advances in energy transfer for generating and modulating CPL, involving small organic molecules, polymers, metal complexes, liquid crystals, as well as new‐emerging chiral luminescent materials. It is anticipated that the review article will garner increased attention toward energy transfer systems and facilitate the advancement of CPL materials.