Meet the Experts
Climate Transition Action Plan CTAP
Accounting and reporting
Science based goals
Climate Transition Action Plans ( CTAPs ) are a forward looking, near-term set of specific actions companies take to align internal business strategies and external climate and energy policy advocacy to reduce GHG emissions in line with limiting global warming to 1.5°C in a way that is just and equitable.
AMBITION
ACTION
ACCOUNTABILITY
ADVOCACY
Dan Saccardi Program Director Company Network
Conduct emissions inventory scopes Set sciencebased targets and metrics Validate targets SBTi TPI or recognized standard
Create emissions reduction plan Integrate plan into business strategy and governance Advocate for enabling public policies Ensure a just transition
Assess progress of
public disclosure results
Solicit feedback from stakeholders Adjust CTAP to meet
medium and longterm goals
Regularly update targets plan and business strategy to reflect most uptodate science
Laura Draucker Ph.D. Director Climate and Energy Corporate Climate Action
CTAP Components
Emissions Reduction Strategy
Governance and Business Strategy Integration
Public Policy
Just Transition
Current and nearterm actions your company is taking to reduce emissions in line with its C targets that cover the most relevant emissions sources across all three scopes
Current and nearterm actions you are taking to address risk management and new opportunities associated with climate change adjust investments and business model decisions align governance with C targets
Current and nearterm actions you are taking to advocate for public policies that support your C targets ensure all your lobbying and trade association activities are aligned with your C targets
Current and nearterm activities to support your existing workforce
suppliers and vulnerable customers in the net zero transition
consult and implement feedback from your workforce suppliers and impacted communities
The Rev. Kirsten Snow Spalding Vice President Investor Network
| deep dive: climate transition action plans
2023 Leadership Circle Executive Summary | 21
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