Transition Plan Consultations

Regulatory requirements such as the Corporate Sustainability Reporting Directive (CSRD) and rising expectations from investors, customers and society require credible and transparent climate strategies. The Climate Transition Plan (CTP) is the key tool for meeting these requirements and actively shaping the transition in a way that creates value. As a competent and innovative partner, myclimate supports you in the development and implementation of your tailor-made Climate Transition Plan – one that is CSRD-compliant and strategically sensible.

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What is a Transition Plan?

A Climate Transition Plan is a strategic roadmap that outlines how a company intends to reshape its business model and operations in order to meet its climate targets and be compatible with the Paris Agreement targets (limiting global warming to 1.5 °C). At its core, the CTP anchors the climate strategy into corporate action. It builds on existing elements such as calculating greenhouse gas emissions, climate targets and climate risk analysis, and describes specific, time-bound measures, required resources (in particular investments) and the underlying governance structure.

Why act now?

Companies are faced with the dual challenge of adapting their business models to the 1.5-degree limit of the Paris Agreement while at the same time meeting complex reporting requirements, such as the CSRD. The European Sustainability Reporting Standard (ESRS) E1 (climate change) explicitly requires many companies to disclose a transition plan if they are pursuing climate targets or adapting to the 1.5 °C target. In addition to fulfilling regulatory obligations, such a plan offers many other benefits:

Regulatory security: Compliance with CSRD reporting requirements (ESRS E1).

Risk management: It identifies and assesses physical and transitional climate risks (in accordance with the Task Force on Climate-Related Financial Disclosures – TCFD).

Stakeholder trust: It creates transparency and credibility for investors, lenders, customers and employees.

Access to capital: It positions your company for the growing market of transition finance.

Driver of innovation: It uncovers opportunities for new, climate-friendly products, services and business models.

Strategic focus: It integrates climate targets deeply into its corporate strategy, business model and financial planning.

Develop and implement your Transition Plan

myclimate will support you comprehensively in creating a robust, credible and effective Climate Transition Plan that both meets regulatory requirements (especially CSRD/ESRS E1) and delivers real strategic added value. We combine in-depth expertise in decarbonisation and climate science with excellent knowledge of relevant frameworks.

Our services:

Situation analysis & materiality assessment: Determination of your status quo (incl. greenhouse gas footprint according to the GHG Protocol), identification of significant climate aspects and comparison with CSRD requirements.
Ambition level & setting targets: Development or validation of science-based climate targets (SBTi-compliant) for Scopes 1, 2 and 3 that are compatible with the 1.5-degree target (ESRS E1–4).
Strategy & development of measures: Development of an integrated climate strategy that includes both decarbonisation measures (identification and evaluation of levers for emissions reduction via technology, processes, energy procurement, supply chain, products) and adaptation measures (identification and evaluation of measures to increase resilience to climate risks and to use adaptation opportunities, e.g. in operation, supply chain, product portfolio). Development of specific, prioritised action plans including resource allocation and timetables (ESRS E1–2, E1–3).
Risk & resilience analysis: Conducting scenario analyses to evaluate physical and transitory climate risks and to analyse business model resilience (TCFD-compliant, ESRS E1–9).
Financial planning & integration: Assessment of investment costs and financial impact of transition, integration into company and financial planning (ESRS E1–1, SBM-3), link with EU taxonomy screening.
Governance & engagement: Establishment of clear responsibilities, integrating them into incentive systems (GOV-3), developing an engagement strategy for the value chain and beyond (TPT-compliant).
Monitoring & reporting: Defining KPIs to measure progress, setting up CSRD-compliant reporting structures (ESRS E1), preparing for external review.
(Optional) Beyond value chain mitigation (BVCM): Strategic advice on measures outside the value chain to accelerate global climate protection (in line with the SBTi Net-Zero Standard).

The myclimate approach: competent, integrative, innovative

We go beyond pure compliance and regard the climate transition plan as a strategic management tool. Our approach is based on:

Best practices: We integrate the requirements and recommendations of leading international frameworks (CSRD/ESRS, TCFD, TPT, GHG Protocol, SBTi Net-Zero Standard, Scope 3 Standard).
Structured process: Based on proven climate management modules: Greenhouse gas calculation -> Climate targets & measures -> Risk analysis -> Integration into strategy & finances -> Governance & reporting.
A comprehensive approach: We combine technical decarbonisation paths with strategic business model development, risk management and financial planning.
Innovation: We help you to understand the transition not only as a challenge, but also as an opportunity for innovation and future competitiveness (e.g. development of “climate solutions”).
Tailor-made processes: We adapt the process to your specific industry, business model and ambitions.