Spotlight for NEDs

Spotlight: Transition Planning

More companies than ever before are disclosing their transition plans and aligning their business strategies with net zero goals. Internationally, momentum is accelerating to establish standards, policy and regulation on transition planning.

Transition planning will impact the core direction of travel for your company, and as a non-executive director (NED), you need to be involved.

The Chapter Zero Transition Planning Series

Throughout 2024/25 Chapter Zero is running a Transition Planning Series to accelerate transition planning from the boardroom and support NEDs to navigate some of the more challenging aspects of the transition planning process.

The 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

The resources below will take you on a self-directed learning journey, from our ‘getting started’ webinar modules which provide an introduction to important transition planning considerations, to our practical, in-person 'going deeper' masterclass summaries that deep-dive into critical focus areas that NEDs need to know about, so you can engage in the series no matter where you are on your climate transition roadmap. This page also highlights further Chapter Zero and Transition Planning Taskforce (TPT) resources, relevant news and insights to help you upskill on transition planning.

What is a Transition Plan?

High-quality, credible transition plans enable management teams to successfully develop, communicate and implement climate strategies, work towards net zero targets, enhance business resilience and contribute to the transition to a climate-resilient economy. Transition plans must be credible and transparent.

Board directors play a crucial role in setting ambitious net zero targets. They must ensure transition plans are aligned with, and embedded into, organisational strategy, governance, and all corporate functions.

The Chapter Zero Transition Planning Toolkit

The Chapter Zero Transition Planning Toolkit is designed to support NEDs and their boards in overseeing the development and delivery of a credible transition plan, by anchoring climate strategy within the discussion of business strategy. The Toolkit is aligned with the Transition Plan Taskforce Disclosure Framework and Implementation Guidance, and is made up of four elements, a Briefing, Scorecard, Governance Compass, and Barriers and Enablers.

Get your guide

Getting Started Modules

Chapter Zero Transition Planning
Collaboration with Carbon Trust
Briefings | 15 Jun 2024

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.

Collaboration with Ernst & Young
Explainer | 18 Jul 2024

Getting Started: Navigating the regulatory landscape

In collaboration with EY, the second module in our Transition Planning series equips non-executive directors (NEDs) to navigate the rapidly evolving regulatory landscape in which climate transition planning sits and understand the implications for businesses.

Collaboration with Boston Consulting Group
Explainer | 19 Sep 2024

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.

Going Deeper Modules

Collaboration with Oliver Wyman Forum
Key takeaways | 13 Feb 2025

Oliver Wyman Masterclass #1: Transition Planning and your role

In collaboration with the Oliver Wyman Forum, as part of our wider Transition Planning series, Chapter Zero recently launched the first of three interactive, practical transition planning masterclasses. Building from our Getting Started series, these in-depth masterclasses explore transition planning concepts in greater detail. The first masterclass explored the basics and best practices for transition planning, as well as the evolving role of non-executive directors (NEDs) in this space. You can find the key takeaways from the first session below.

Key takeaways | 25 Mar 2025

Oliver Wyman Masterclass #2: Putting it into practice

In collaboration with the Oliver Wyman Forum and as part of our wider series on transition planning, Chapter Zero members came together for the second of three interactive, practical transition planning masterclasses. These are in-depth learning experiences where attendees learn from both experts and peers. Building from the first masterclass on transition planning foundations and the role of the NED, the second masterclass explored how NEDs can lead through uncertainty, effectively review and challenge transition plans and take into account legal considerations associated with transition planning. This document provides a summary of the rich learnings and key takeaways from the session.

Key takeaways | 24 Apr 2025

Oliver Wyman Masterclass #3: Beyond the boardroom

In collaboration with the Oliver Wyman Forum, as part of our transition planning materials, we launched this series of three interactive, masterclasses. The third masterclass focused on transition planning beyond the boardroom, exploring the ever-changing external landscape, engaging with key stakeholders, and considering the broader implications of business transition.

Further Insights

Insights | 21 May 2025

Reflections from ChangeNOW, Paris 2025: Navigating the 'messy middle' and more

Matt Scott, Chapter Zero Senior Advisor, shares his thoughts on an inspiring global gathering of non-executive directors at the 2025 ChangeNOW conference in Paris. Offering insights into how climate governance is good governance, and how NEDs can lead the way in driving strategy that will ensure resilience and reap value, as well as offering critical oversight of transition planning to deliver credible outcomes.

Collaboration with Chronos Sustainability
Insights | 4 Feb 2025

Transition Planning = Strategy Planning

The past twelve months have highlighted how companies are not only increasingly experiencing the impacts of climate change but also how they are powerfully positioned to be agents of change, with the ability to curb these impacts and promote long-term sustainability and resilience for the global economy and for society. The need to decarbonise and to achieve net zero commitments is being driven by a range of economic, regulatory and market factors, all of which require companies to respond faster than ever before.

Insights | 22 Oct 2024

Finding pathways into nature for business

Karen Ellis, Chief Economist at WWF-UK and speaker at Chapter Zero events, says that boards are looking for pathways to help them integrate nature into their transition plans.

Collaboration with Chronos Sustainability
Insights | 25 Apr 2024

Watch: How to move transition planning forward from the boardroom

Explore how boards can oversee the development of high-quality transition plans, as well as approaches for integrating climate risk and opportunity into discussions on business strategy in our webinar held in partnership with Chronos Sustainability and the London Stock Exchange Group (LSEG).

Collaboration with Accounting for Sustainability
Insights | 24 Jan 2024

Audit Committee Dialogue Summary: Transition planning and the changing sustainability reporting landscape

Chapter Zero recently organised a series of two roundtables for Audit Committee Chairs and members in partnership with Accounting for Sustainability (A4S) to explore forward planning, effective communication, and an understanding of emerging requirements for Audit Committees to drive climate action on boards.  With expert input from A4S, the second session focused on transition planning and the changing sustainability reporting landscape. These are two topics that are critical for Audit Committees to keep ahead of, and you can find the key takeaways from the second session below.

Transition Planning Taskforce (TPT) resources

TPT Disclosure Framework

Check the Disclosure Framework

TPT Sector Guidance

Access the Transition Plan Taskforce’s Sector Summary covering 40 sub-sectors and the Sector Deep Dives for seven key sectors

The Transition Planning Cycle

Explore and download the guidance on how to start or continue your transition planning journey, including references to board engagement and governance considerations

Case studies

Explore case studies and examples relating to elements of the TPT Disclosure Framework and the Transition Planning Cycle

Progress Achieved and the Path Ahead

The Final Report of the Transition Plan Taskforce

Latest News

TPT concludes after completing groundbreaking work on Transition Plans

The TPT will officially conclude its work on October 31, 2024.

TPT disclosure-specific materials live on the IFRS Sustainability Knowledge Hub

This is the first step in a sequence intended to increasingly integrate TPT’s work into the sphere of international sustainability reporting standards.

IFRS Foundation to assume responsibility for key materials developed by TPT

The IFRS Foundation announces that it will assume responsibility for the disclosure-specific materials developed by the Transition Plan Taskforce.

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