Transition Planning Toolkit: Scorecard

Updated: November 2024

Transition Planning Scorecard

For boards embarking on their transition planning journey, commence with the ‘Getting Started’ questions as a first step. In answering these questions, establish whether your board has the essential foundations for effective board oversight of transition planning. You can also try out the Chapter Zero Board Scorecard and can come back to this scorecard when your board is further advanced in the transition planning process.

As the company progresses on the journey, the Transition Planning Scorecard serves as a valuable tool. This tool enables board members to help steer the company in developing its transition plan in accordance with the TPT guidance.

Getting started

Stage 1: Assess or re-assess

1. Is the board regularly updated on the company's climate-related risks and opportunities?

2. Do all board members have a sufficient understanding of transition planning and why it's important for the company?

Stage 2: Set your ambition

3. Has the board discussed the implications of climate change and the movement to a low GHG-emissions, climate-resilient economy as part of its corporate strategic planning?

4. Has the board set objectives, priorities and targets through a transition plan to contribute to this low GHG-emissions economy and set a net zero ambition?

Stage 3: Actions

5. Does the board incorporate climate considerations in short and long term decision making?

6. As part of the strategic planning processes are climate-related actions and considerations being applied to operations, and/ or products?

Stage 4: Implement your plan

7. Is the board monitoring progress on these climate-related actions?

8. Are there discussions or preparations regarding future disclosures and reports related to the company's transition planning?

Using the scorecard

For companies ready to go deeper, who wish to develop a transition plan that is fully aligned with the TPT Disclosure Framework, we advise completing the full Chapter Zero Transition Planning Scorecard.

Why use the scorecard?

• It will indicate how well you think your board is responding and contributing to the transition.
• It will help you develop an understanding of the TPT transition planning cycle and your role in overseeing this process.
• You can use the results to capture impressions from board members to enable a good discussion.
• It can help identify gaps to be addressed, different viewpoints and challenges to be overcome.

How to use the scorecard?

• To complete the scorecard, you need to answer a total of 20 questions. These are split across the four iterative stages of the TPT Transition Planning Cycle: Assess/re-assess, Set your ambition, Plan your actions, Implement your plan.
• The questions are designed to help you assess how effectively your board is tackling the climate transition.
• Ideally your whole board would complete the scorecard so that you can compare results.
• Once you have completed the scorecard, you will receive an automatic email with a PDF of your Transition Planning Scorecard results.

The scorecard is not intended to be exhaustive. It is designed to capture and encourage debate in the boardroom.