Transition planning – a guide for directors
Transition planning is about the repositioning and transformation of the business model and strategy in response to climate-related risks and opportunities. It’s the internal process that will enable the business to operate, generate sustainable revenue, protect its assets, and finance itself in a low-emissions, climate-resilient future.
Rather than being a standalone document, transition planning both brings together and builds on previous work including adaptation plan, emissions reduction plan and decarbonisation strategy to provide an integrated long-term strategy.
Along with the External Reporting Board, Chapter Zero New Zealand has produced a transition planning guide for directors.
This guidance is an introductory reference for directors of Climate Reporting Entities as they begin transition planning but can also be used to support transition planning by the broader governance community.
Created with the help of Aurecon and foundation partner KPMG, the guide aims to support and enable directors to add value to their businesses and wider communities, and prepare them to positively transform the businesses they govern for the future.
