Spotlight on Transition Planning
Transition Plans are the next step in the private sector climate journey.
Companies need to develop a plan for delivering on net zero targets and pledges.
High-quality transition plans enable management teams to develop, communicate and implement their climate strategies. A transition plan can:
- focus attention
- highlight key issues to be escalated to the board
- and instigate fundamental change in the business strategy.
The Chapter Zero Transition Planning Toolkit
Our Transition Planning Toolkit is designed to support you as a NED and your board in overseeing the development of a credible transition and delivery against that plan.
The four elements of the Transition Planning Toolkit
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BriefingRead the ‘Briefing’ to explore transition planning within the context of the UK climate-reporting landscape and the key role of the NED in transition planning. |
ScorecardComplete the ‘Scorecard’ to assess how effectively your board is responding and contributing to a transition to a low-greenhouse gas emissions (GHG), climate-resilient economy, and to gain insight into your readiness for transition plan disclosures. |
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Governance CompassUse the ‘Governance Compass’ in your board committee meetings to ensure that your committee’s work considers, aligns with and supports the company’s Strategic Ambition and transition plan. |
Barriers and EnablersExplore the ‘Barriers and Enablers’ element 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. |
Our Transition Planning Event Series
Getting Started: Assessing your climate-related risks, opportunities and current position
In partnership with the Carbon Trust, the first 'Getting Started' webinar in our Transition Planning series will equip non-executive directors to prepare for the transition by understanding and assessing climate-related risks and opportunities, identifying key transition levers and exploring how climate transition plans are linked with TCFD recommendations.
Getting Started: Navigating the regulatory landscape
In partnership with EY, the second ‘Getting Started’ webinar in our Transition Planning series will equip non-executive directors 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.
Launching the Chapter Zero Transition Planning Toolkit
Hear from speakers and partners on the role of the board in effective transition planning at Chapter Zero's flagship event held on 1 November 2023, where we launched our Transition Planning Toolkit for non-executive directors.
Effective board leadership of the net zero transition
Plans beyond pledges: Key insights on the role of boards from flagship event
An orderly transition to a low-greenhouse gas and climate-resilient economy demands robust transition planning led by effective and courageous climate leadership by boards. Read the summary from WTW on key insights on the role of boards, as well as perspectives from corporates and investors, from our flagship event.
Flagship event launched the Transition Planning Toolkit
Last night we launched our new Transition Planning Toolkit for non-executive directors at our flagship event attended by more than 300 Chapter Zero members, partners and supporters.
Watch: Chapter Zero’s Flagship Transition Planning Event 2023
A full recording of speakers and panels from our flagship event on effective board leadership of the net zero transition held on 1 November 2023 at WTW.
Our Transition Planning Insights Series
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 insights: HSBC
Mark Tucker, Chair, HSBC plc shares the practical implications of the net zero transition for investors, the state of play in the finance sector, and the role of investors and asset managers in driving the transition.
Explore the Transition Planning Taskforce 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
Why do transition plans matter?
Watch more about what transition plans are and why they matter
The regulatory and reporting environment
Find out how the Transition Plan Taskforce works with UK and global regulatory and reporting initiatives
Latest news on transition planning
The Net-Zero Asset Owner Alliance sets direction for members on policy engagement and transition planning
Following momentum of latest Progress Report, the UN-convened Net-Zero Asset Owner Alliance strengthens guidance and offers practical tools for asset owners to meet two key HLEG recommendations.
TPT call for transition plan case studies
The Transition Plan Taskforce wants to learn from your organisation’s transition planning journey.
TPT Consultation launched for Sector Deep Dives
The Transition Plan Taskforce (TPT) has launched the consultation on its sector-specific guidance for preparers and users of climate transition plans on 13 November 2023.
Chapter Zero at the London Stock Exchange
Chapter Zero opened the market at the London Stock Exchange to announce the development of the Transition Plan Toolkit for NEDs, funded by the LSEG Foundation.
Learn more
Explore our Knowledge Hub
Explore the topics in our knowledge hub for information from Chapter Zero and other organisations on climate change and the boardroom.
Knowledge Hub