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The Science of Climate Change

Climate change is no longer a distant threat or just a possibility, it is now a reality for all of us. In this pathway, Kevin Trenberth, a renowned climatologist, delves into the science behind climate change. He first introduces the climate system, its main components and forces.

Tackling the Plastic Crisis

Plastic pollution is by far the biggest threat to our oceans and this remains an incredibly tough problem to solve. Plastic credits could potentially serve as one of the much needed solutions for this crisis.

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The Scale of the Net Zero Challenge

The price of meeting net zero is estimated to be between $100-150 trillion over the next 30 years. Regardless of this cost, we need to reach net zero before climate change does irreversible damage to the environment and the economy.

ESG, Sustainability and Impact Jargon Buster

ESG, sustainability, impact… they all just mean green, right? Not quite. Despite being used often interchangeably, there are distinct differences between these terms.

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Featured Pathways

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The Science of Climate Change

Climate change is no longer a distant threat or just a possibility, it is now a reality for all of us. In this pathway, Kevin Trenberth, a renowned climatologist, delves into the science behind climate change. He first introduces the climate system, its main components and forces.

Tackling the Plastic Crisis

Plastic pollution is by far the biggest threat to our oceans and this remains an incredibly tough problem to solve. Plastic credits could potentially serve as one of the much needed solutions for this crisis.

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Plans & Membership

Our Platform

Expert led content

+1,000 expert presented, on-demand video modules

Learning analytics

Keep track of learning progress with our comprehensive data

Interactive learning

Engage with our video hotspots and knowledge check-ins

Testing & certification

Gain CPD / CPE credits and professional certification

Managed learning

Build, scale and manage your organisation’s learning

Integrations

Connect Sustainability Unlocked to your current platform

Featured Content

More featured content

The Scale of the Net Zero Challenge

The price of meeting net zero is estimated to be between $100-150 trillion over the next 30 years. Regardless of this cost, we need to reach net zero before climate change does irreversible damage to the environment and the economy.

ESG, Sustainability and Impact Jargon Buster

ESG, sustainability, impact… they all just mean green, right? Not quite. Despite being used often interchangeably, there are distinct differences between these terms.

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Introduction to Climate Transition Plans

Introduction to Climate Transition Plans

Michelle Horsfield

25 years: Sustainable Finance

In this video, Michelle talks about a comprehensive exploration of corporate transition plans towards a greener economy, drawing from her expertise in supporting multinational companies. Through the lens of the Transition Plan Taskforce (TPT) framework, she unpacks the principles of Ambition, Action, and Accountability, providing invaluable insights into strategic goal-setting, implementation strategies, financial considerations, and stakeholder engagement.

In this video, Michelle talks about a comprehensive exploration of corporate transition plans towards a greener economy, drawing from her expertise in supporting multinational companies. Through the lens of the Transition Plan Taskforce (TPT) framework, she unpacks the principles of Ambition, Action, and Accountability, providing invaluable insights into strategic goal-setting, implementation strategies, financial considerations, and stakeholder engagement.

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Introduction to Climate Transition Plans

13 mins 39 secs

Key learning objectives:

  • Understand the structure of the Transition Plan Taskforce framework

  • Identify the primary benefits of a climate related transition plan for businesses

  • Outline the three key principles of the Transition Plan Taskforce framework

Overview:

The transition to a net-zero economy by mid-century is a monumental task for companies, requiring a thorough reevaluation of operations and strategy. While commitments have been made, the focus has shifted to implementation. Teams are undergoing comprehensive reviews involving all levels of the organization, a challenging process that I have experienced firsthand. The International Financial Reporting Standards (IFRS) S2 provides a broad outline for climate transition plans, but detailed guidance is found in the Transition Plan Taskforce (TPT) framework. This framework, released in October 2023 with sector-specific guidance, offers clarity on the activities necessary for compliance with IFRS S2.

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Summary
What are the key principles outlined by the Transition Plan Taskforce (TPT) framework?

  • Ambition
  • Action
  • Accountability 

What are some key reasons why a transition plan is considered useful?

A transition plan serves as a vital communication tool for various stakeholders

  • Firstly, it enhances reporting, providing investors and lenders with better information to assess risk and allocate capital
  • Secondly, it assists in evaluating whether a company's strategy for managing the transition aligns with its exposure to climate-related risks and opportunities
  • Thirdly, it enables clients and consumers to gauge the credibility of a company's transition-related claims and holds entities accountable for their commitments

What are the key elements of setting ambition in a transition plan?

The Transition Plan Taskforce (TPT) framework outlines three key elements for setting ambition in a transition plan.


  • Firstly, strategic ambition involves defining the objectives and priorities of the plan
  • Secondly, the business model and value chain element describe the implications of the new strategy on the company's business model
  • Lastly, the plan should list key assumptions and external factors, such as the chosen climate scenario, to provide clarity on future expectations

According to the TPT framework, what are the two main sections of the "Action" part of a transition plan?

The "Action" part of a transition plan, according to the TPT framework, consists of two main sections

  • The implementation strategy, which is the core of the plan, outlines the steps and initiatives required for the transition
  • The financing aspect addresses how the transition will be funded

What are the key aspects covered in the "Accountability" section of a transition plan, as outlined by the Transition Plan Taskforce (TPT) framework?

The Accountability focuses on governance and reporting processes, including metrics and targets, financial considerations, board oversight, management roles, culture, incentives, remuneration, and skills competency and training.

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Michelle Horsfield

Michelle Horsfield

Michelle Horsfield, an environmental scientist with a climate change specialisation, transitioned into the financial sector four years ago to apply her knowledge to the largest reallocation of capital in history, as the economy moves towards a lower carbon future.

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