Climate transition plan quality criteria and red flags defined
Red flags include not following the rules of international GHG accounting standards and not reporting carbon credit use.
A group of climate experts ranging from the SBTi and CDP to the WBCSD and UNEP has defined the principles that should be used to assess the robustness of corporate climate transition plans – and identified potential red flags.
Companies are faced with the growing imperative to develop ‘credible transition plans’, and the framework created by the Assessing Transition Plan Collective (ATP-Col) – a working group made of more than 100 individual experts from climate organisations – is meant to help them understand how to define this credibility.
