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.
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 guideUpcoming transition planning events
Transition Planning Masterclass #1: Transition planning and your role
Register for the first session in our interactive transition masterclass series with the Oliver Wyman Forum, where we will dive into the crux of embedding transition plans into business strategy and help you navigate some of the more challenging aspects of the transition planning process through a commercial lens.
Transition Planning Masterclass #2: Putting it into practice
Register for the second session in our interactive transition masterclass series with the Oliver Wyman Forum, where we will dive into the crux of embedding transition plans into business strategy and help you navigate some of the more challenging aspects of the transition planning process through a commercial lens.
Transition Planning Masterclass #3: Beyond the boardroom
Register for the third session in our interactive transition masterclass series with the Oliver Wyman Forum, where we will dive into the crux of embedding transition plans into business strategy and help you navigate some of the more challenging aspects of the transition planning process through a commercial lens.
Previous transition planning event summaries
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: 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.
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 insights
Transition Planning insights: British Land
Simon Carter, CEO, shares how British Land worked with their non-executive directors and ESG Committee to create a credible net zero transition plan.
Transition Planning insights: London Stock Exchange Group
Jane Goodland, Group Head of Sustainability, shares how the London Stock Exchange Group helps investors and listed companies to allocate capital, navigate the climate transition, and the importance of board engagement.
Transition Planning insights: UK Climate Change Committee
Nigel Topping CMG, Business Champion for the UK Climate Change Committee, shares the current climate state of play and urges business leaders to move beyond frameworks and take concrete steps towards net zero goals.
Transition Planning Taskforce (TPT) resources
TPT Disclosure Framework
Check the Disclosure Framework now released by the Transition Planning Taskforce
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 on transition planning
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.
