CDP Technical Note on Climate Transition Plans

This technical note serves as a guide for organizations disclosing through CDP to demonstrate the credibility of their climate transition plans. It outlines the significance of such plans in aligning business models with climate science recommendations, specifically targeting a global temperature increase of no more than 1.5°C. The document details the characteristics of a credible climate transition plan, including the necessity for time-bound action plans, verifiable key performance indicators, and integration into existing business strategies. It also discusses the urgency for organizations to develop these plans in light of recent developments from COP27 and COP28, as well as evolving regulatory landscapes such as the UK’s Transition Plan Taskforce and the EU’s Corporate Sustainability Reporting Directive. The note emphasizes the importance of accountability, coherence, and flexibility in these plans to ensure their effectiveness and relevance in achieving long-term climate goals.