Transition Plans Training Tool

Open Resource

Year Published

2023

Contributing Organizations

London Stock Exchange Group (LSEG)

Glasgow Financial Alliance for Net Zero (GFANZ)

Type of Resource

Tool

Languages

English

Relevant Topics

Core Topic

Transition Plans

Topic 2

Disclosure Standards - Voluntary

Target Audience

Real Economy Corporates

Banks

Financial Services Providers

Advisors & Consultants

Relevant Geography

Global

Open Resource

Resource Description

This training tool helps companies develop credible climate transition plans aligned with IFRS S2. It introduces key frameworks (GFANZ and TPT) and forms part of the UN SSE’s toolkit on sustainability-related financial disclosures.

Why This Matters

This resource supports companies in building effective, transparent transition plans and helps exchanges promote consistency with global climate disclosure standards.

Key Insights

Explains how transition plans align corporate strategy with net zero goals and climate disclosure requirements
Summarizes the GFANZ framework’s five themes and ten components for credible planning
Details the TPT framework, adding principles of ambition, action, and accountability, with 19 sub-elements for disclosure
Recommends publishing standalone transition plans every three years and reporting annual progress
Offers simplified guidance for SMEs, highlighting priorities like GHG targets, business alignment, and governance

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