Climate Transition Plan

A Climate Transition Plan is a plan that defines how a company intends to reduce its greenhouse gas emissions and contribute to the mitigation of climate change by adapting to increasingly stringent environmental regulations.

Key components of a Climate Transition Plan include:

1. Emissions Reduction Targets: emissions reduction targets aligned with global agreements, such as the Paris Agreement.

2. Carbon Footprint Analysis: the measurement and monitoring of direct emissions (Scope 1), indirect emissions from energy (Scope 2) and indirect emissions along the value chain (Scope 3). 

3. Mitigation Actions: actions aimed at implementing measures (such as the use of renewable energy and energy efficiency) necessary to reduce emissions and mitigate climate change.

4. Investments in Sustainable Technologies: investments in innovative technologies for decarbonisation.

5. Financial Resources: the definition of the resources needed to implement the plan.

6. Monitoring and Reporting: tools and reports which are useful for monitoring progress and ensuring transparency

We guide our clients in the creation of Transition Plans aimed at reducing climate change risks, improving business resilience and facilitating compliance with regulations such as the European Sustainability Reporting Standards (ESRS), increasing the company's attractiveness to sustainability-conscious investors and partners.