What is a transition plan?
A climate transition plan is a forward-looking, time-bound action plan that sets out an organisation’s strategy to decarbonise its business model and operations in line with a 1.5°C trajectory, typically targeting net-zero by 2050 with science-aligned interim milestones (most commonly a 50%+ absolute reduction by 2030). Transition plans translate emissions targets into concrete investments, capex shifts, product changes, governance and accountability.
Common transition plan frameworks
- UK Transition Plan Taskforce (TPT) Disclosure Framework (2023): the most detailed framework; covers foundations, implementation strategy, engagement strategy, metrics and targets, governance.
- GFANZ Net-Zero Transition Plan Recommendations: finance-sector focused, used by banks and asset managers.
- CSRD ESRS E1 disclosure: requires transition plan disclosure where adopted or explanation of absence.
- SBTi Net-Zero Standard: ties target-setting and validation to credible transition pathway.
Required elements (TPT-aligned)
- Ambition: long-term and interim science-aligned targets, including Scope 1, 2, and material Scope 3.
- Implementation strategy: levers (decarbonising operations, products, value chain), capex allocations, R&D investments, asset closures or repurposing.
- Engagement strategy: customer/supplier engagement, industry/policy engagement.
- Governance: board oversight, executive remuneration linkage, internal carbon pricing.
- Metrics and targets: KPIs, milestones, progress disclosure, third-party assurance.
Türk şirketleri için
AB CSRD kapsamına giren Türk şirketleri ESRS E1 altında transition plan açıklaması yapmak veya açıklamamanın gerekçesini sunmak zorundadır. CBAM ile etkilenen ihracatçılar için transition plan AB müşterilerin tedarikçi seçim kriterine dönüşmektedir. Türk büyük finans kuruluşları (BDDK denetimli bankalar, sigortacılar) için iklim stres testi ve risk yönetimi çerçeveleriyle birlikte transition plan çalışması artmaktadır.
Do: ground the plan in science-aligned targets; integrate capex and procurement decisions; assign clear board and executive accountability; report progress annually.
Don’t: publish a transition plan without committed capex and capability — regulators and litigation now distinguish credible plans from greenwashing.