Climate transition action plans (CTAPs) detail the forward-looking, specific and near-term actions a company is taking to cut emissions at pace and share this information in a non-technical, easily-digestible and public-facing way. They have emerged as a framework to equip corporate planning and share key details of those plans with companies’ stakeholders: investors, NGOs, governments and the public.
As a coalition of NGOs that works with the world’s largest companies and investors on climate and sustainability priorities, We Mean Business Coalition, CDP, Ceres and EDF have consulted with Ramboll Consulting on an analysis to assess the existing transition plan guidance landscape. The coalition consolidated this guidance and developed a consensus-driven definition of what a comprehensive CTAP should include.
There is general agreement that transition plans need to include business integration, emissions reduction strategies, investments, governance, policy advocacy and just transition.