Climate Transition & Decarbonisation

What Is a Climate Transition Plan?

As investors, regulators and boards place increasing emphasis on climate-related risks and opportunities, organisations are expected to demonstrate how these considerations are embedded within business strategy, financial planning and reporting.

A climate transition plan provides a clear framework for aligning climate objectives with business priorities, helping organisations communicate their approach, actions and progress to stakeholders with confidence and transparency.

The Three Principles of Effective Transition Planning

The Transition Plan Taskforce (TPT) framework is built around three interconnected principles that help organisations develop actionable climate transition plans:

Ambition

Establishing a credible and forward-looking climate ambition that reflects the pace and scale of change required to support the transition to a low-carbon economy. This includes:

• Reducing emissions across operations and value chains.
• Addressing material climate-related risks and opportunities.
• Aligning climate objectives with long-term business strategy.

Action

Translating strategic objectives into practical initiatives through a clear roadmap of actions, milestones and investments across the short, medium and long term.

Accountability

Embedding climate transition plans into core organisational processes and decision-making, including governance, financial planning, risk management, performance monitoring and external reporting.

Our team supports organisations in developing and strengthening each of these three foundational pillars. Depending on organisational maturity, we help establish climate transition planning frameworks from the ground up or strengthen and integrate existing processes within broader business frameworks.

This may include organisational carbon footprint assessments, emissions reduction target setting, decarbonisation strategy development, governance and risk management integration, climate adaptation planning, and implementation. Together, these elements support a coordinated approach to managing climate-related risks and opportunities.

Building a Practical Decarbonisation Strategy

A decarbonisation strategy provides a structured approach to reducing emissions and achieving long-term climate targets. It can be developed as a standalone strategy or as part of a broader climate transition plan.

Forecasting Emissions Pathways

We begin by forecasting Scope 1, Scope 2 and Scope 3 emissions through to 2050, taking into account organisational growth, grid decarbonisation and evolving regulatory requirements. We then work with organisations to identify and prioritise emissions reduction initiatives targeting the most significant emissions sources across both near-term opportunities to 2030 and longer-term pathways to 2050.

Identifying and Assessing Reduction Opportunities

Reduction initiatives are assessed across key decarbonisation levers, including energy efficiency, electrification, renewable energy and supply chain engagement. We model these initiatives across a range of scenarios to understand their impact on future emissions trajectories and support credible target setting.

We also assess complementary opportunities, including demand-side response, clean energy procurement and power purchase agreements (PPAs), to support strong commercial and operational outcomes.

Assessing Financial Impacts

We evaluate the financial implications of decarbonisation initiatives by comparing implementation costs against a business-as-usual pathway. This includes forecasting ACCU procurement costs, assessing cash flow impacts and developing a Marginal Abatement Cost Curve tailored to the organisation.

The resulting strategy brings together emissions reduction opportunities and implementation actions into a clear roadmap for achieving near-term and long-term climate targets.

Setting Science-Based Targets

We help organisations set credible, science-informed emissions reduction targets aligned with the Science Based Targets initiative (SBTi), the goals of the Paris Agreement and recognised frameworks, including the ISO IWA 42:2022 Net Zero Guidelines.

Where required, we also guide organisations through the SBTi validation process, helping strengthen the credibility of decarbonisation commitments. We also assist with the development of 100% renewable energy targets, including commitments aligned with RE100.