Where to start with the GFANZ Net-Zero Transition Plan
Highlights:
Translates commitments to action
Aligns with company strategy
Enhances communication and understanding
Framework across 5 themes
Additional reports for details
Fundamentals of transition plans
How can a net-zero transition plan help your organization on its path to net zero?
Translating commitments into action
Integrating net-zero targets with the broader company strategy
Enabling effective communication with the real economy on transition planning
Enhancing policymaker and regulator understanding of efforts for risk mitigation and assess progress toward NDCs
When should an organization develop a transition plan and how should it be communicated?
Once commitments have been made or are considered and initials targets have been set, transition planning and the integration of the plan into overall business strategy are important
Transition plans should be communicated transparently, eg., in the context of other climate-related reporting
Elements of the GFANZ NZTP
What are the themes and components of the GFANZ NZTP?
The GFANZ NZTP provides a framework for transition planning across 5 themes:
Foundations
Implementation Strategy
Metrics and Targets
Engagement Strategy
Governance
Each theme of the GFANZ NZTP framework encompasses one to 3 components, and 5 workshops in this series offer a deep dive into each theme of the framework
Getting started
Where can I find more information to start transition planning?
2 major publications detail the GFANZ NZTP framework for financial institutions as well as its application in the real economy
Three additional reports give a more detailed insight into particular areas of interest that are of different relevance to the different NZTP themes.
