A Climate Transition Plan (CTP) is a company's strategic plan to reduce its own greenhouse gas emissions to net zero by 2050 at the latest. It describes concrete steps and measures taken by an organization towards a sustainable and low-carbon future and is a central element of reporting under the Corporate Sustainability Reporting Directive (CSRD).
Five Glaciers Consulting supports companies in the creation of their individual Climate Transition Plan (CTP). In doing so, we are guided by the requirements of the European Sustainability Reporting Standards (ESRS) and the goals of the Paris Climate Agreement. The creation of your Climate Transition Plan with Five Glaciers is eligible for up to 60% funding from the German government's Energy and Resource Efficiency in Business program.
Analyze company activities
Compile relevant data for carbon footprint
Balance emissions (Scope 1, 2 and 3)
Create CCF report
Fulfill CSRD reporting obligations
Identify main sources of emissions
Meeting customer requirements
Creating the basis for your climate strategy
Determining the scope of the project
Pragmatic closing of data gaps
Proactive project management
Further cooperation on request
Creating a Climate Transition Plan (CTP) is a challenge for many companies. This is mainly due to the fact that a truly credible CTP is very comprehensive and specific: with detailed information on concrete measures, steps and projects that will ultimately lead to a greener future. The legal regulations and standards, which are also subject to constant change, are an additional challenge.
We help you to create a climate transition plan that not only complies with legal requirements, but is also accepted internally and externally by all stakeholders. When creating comprehensive transition plans, we follow the ESRS E1 climate standard and ensure compliance with all other relevant regulations. Together, we develop a roadmap to net zero that suits your company and can serve as an important pillar of your sustainability strategy.
Five Glaciers has helped us to create our Climate Transition Plan, a wonderful and concrete roadmap towards our green future.
For companies, the Climate Transition Plan is an important roadmap that can be used to repeatedly reflect on, adapt and further develop specific sustainability measures and ideas. We are happy to support you in exploiting synergy effects and skillfully linking sustainability dimensions.
Develop a sustainability strategy tailored to your company - ambitious, practical and future-oriented.
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Managing sustainability measurably and efficiently - with a customized management system from Five Glaciers
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Actively integrating biodiversity into your corporate strategy - future-oriented and measurable
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A Climate Transition Plan (CTP) is a strategic document that describes a company's goals and measures to reduce greenhouse gas emissions to net zero by 2050 at the latest. It ensures that the corporate strategy is compatible with global climate targets, such as the Paris Climate Agreement, and helps to limit global warming to a maximum of 1.5°C.
According to ESRS E1, the CTP must include a statement of emission reduction targets and associated measures. In particular, companies must demonstrate how their reduction targets are consistent with limiting global warming to 1.5°C in line with the Paris Agreement. Companies must also explain their decarbonization methods, such as the use of new technologies or changes to their product portfolio. In addition, investments and financing that support the implementation of the plan are described.
Companies that fall under the CSRD reporting obligation must present a credible climate strategy and, if applicable, a CTP in their ESG reporting. Financial institutions and listed companies are often additionally required by the TCFD and SFDR requirements to prepare a transition plan. Many large companies also require a CTP from their suppliers to reduce their Scope 3 emissions.
Companies can receive up to 60% funding through the federal funding for energy and resource efficiency in the economy. This supports the development and implementation of climate protection strategies.
If a company does not submit a CTP, it must explain why it does not have a plan and when it intends to develop one. Such a plan is required for ESRS-compliant reporting and serves as the basis for a company's long-term strategy with regard to climate protection and sustainability.
Let's talk about CTP! We look forward to getting to know you.
Phone: +49 174 1305766
E-mail: info@fiveglaciers.com
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