Getting Started: Navigating the regulatory landscape
Transition plans are an integral aspect of an entity’s corporate strategy. Responding and contributing to the climate transition to protect and enhance long-term value is a Board-level issue in line with directors’ duties.
An essential module in our Transition Planning series, these resources will help you to navigate the rapidly evolving regulatory landscape in which climate transition planning sits and understand the implications for businesses.
Our second ‘Getting Started’ module equips non-executive directors (NEDs) to prepare for the transition by positioning transition plans in the wider context of corporate reporting and other regulatory expectations, exploring how to manage legal liability risk, and preparing for audit and assurance of climate- and sustainability-related disclosures.
Summary
Read our bitesize module summary of Navigating the regulatory landscape which includes key takeaways for non-executives directors, practical insights into the current regulatory landscape of transition planning and a recap on the role of the non-executive director in fostering and executing transition plans.
Read summary
Webinar recording
In our webinar on Navigating the regulatory landscape, we tackled the key questions facing boards as they navigate a complex regulatory landscape such as:
- How are you meeting your statutory obligations in relation to transition plans and wider climate- and sustainability-related reporting?
- What future regulation or policy changes related to transition planning are on the horizon in the UK and internationally that could impact you as a non-executive director?
- How can you manage different regulatory priorities and sometimes divergent requirements internationally, while minimising legal liability risk?
- How can the transition plan be presented as a ‘strategic’ opportunity for the business and not just a regulatory compliance exercise?
- What is the role of audit and assurance in increasing confidence in transition plans and disclosures?
Speakers include: Vicky Moffatt, CEO at Chapter Zero, Nilufer von Bismarck, Chapter Zero Fellow and Non-executive Director at Legal & General, Teye Mkushi, Global Finance ESG and Sustainability Director, Diageo Plc, Julie Carlyle, Leader of EY’s Centre for Board Matters, Rebecca Farmer, Partner in EY’s Climate Change and Sustainability Services team, David Kennedy, Partner in EY’s Climate Change and Sustainability Services team, and James Hutchinson, Director in EY’s Law team.
A transition plan is iterative in nature, so don't be afraid of trying to get that first iteration out. Start setting up internal governance, working groups, and engaging with your internal and external stakeholders to get the ball rolling.
James Hutchinson, Director in EY’s Law team
About the Chapter Zero Transition Planning series
We are pleased to launch our 2024/25 Transition Planning Series to accelerate transition planning from the boardroom and support non-executive directors navigate some of the more challenging aspects of the transition planning process.
The Chapter Zero Transition Planning Series is designed to help you:
- Explore and understand your contribution to your businesses’ transition plans
- Navigate the more challenging aspects of the transition planning process
- Embed transition plans into business strategy with practical content beyond theory
- Connect and share with your peers on this topic and learn from their successes and challenges
We will take you on a journey from our ‘getting started’ webinar modules to our practical, in person ‘masterclasses’ that go deeper, so you can engage in the series no matter where you are on your climate transition roadmap.
Find out more
Related Content
Getting Started: Setting your strategic ambition
In collaboration with BCG, the third module in our Transition Planning series equips non-executive directors with practical tips on how to fully integrate climate transition planning into business strategy.
Getting Started: Assessing your climate-related risks, opportunities and current position
In collaboration with the Carbon Trust, the first module in our Transition Planning series explores the role of the non-executive director (NED) in ensuring organisations follow best practices in assessing climate-related risks and opportunities, the scenario analysis methodology to support such assessment, and practical insights of key levers for organisations to develop a transition plan.
Transition Planning Toolkit: Barriers and Enablers
Part 4 of the Transition Planning Toolkit. Read ‘Barriers and Enablers’ to consider and prepare for the barriers to developing and delivering on the company’s transition plan, and to understand enabling factors and processes that may enhance this delivery.
