Transition plan for climate change mitigation

Foco de la divulgación

Disclosure 102-1 requires an organization to describe its transition plan for climate change mitigation, including the policies and actions through which it intends to reduce greenhouse gas emissions across its activities and its upstream and downstream value chain. The transition plan should be embedded in the organization’s business strategy and supported by governance arrangements, investments, targets, monitoring and accountability mechanisms.

The organization must explain how the transition plan aligns with the latest scientific evidence on the global effort needed to limit warming to 1.5°C. It must identify the climate change-related scenarios used and describe the methodologies and assumptions applied. The organization should include at least one scenario compatible with the Paris Agreement and explain how the plan follows the mitigation hierarchy by prioritizing the avoidance and reduction of gross GHG emissions before using removals for residual emissions.

The organization must report the expenditure incurred in implementing the transition plan both as a monetary value and as a percentage of its total expenditure for the reporting period. It should explain the accounting basis and denominator, reconcile the amounts with financial information, and report the CapEx and OpEx breakdown, planned expenditure and funding approval where available.

The organization must identify the governance bodies or individual roles responsible for overseeing and implementing the plan and describe their responsibilities. It should also explain relevant incentive and remuneration mechanisms, the role of the highest governance body, and how performance is assessed against climate targets.

The organization must explain how the transition plan is embedded in its business strategy. Relevant information can include capital allocation, research and development, changes to the portfolio of products and services, organizational culture and workforce training, financial planning and internal carbon pricing.

The organization must report its GHG emissions reduction targets under Disclosure 102-4, fossil fuel phase-out targets and other mitigation targets, together with their base years, coverage, methodologies and role in the transition plan. It should report progress, known barriers and the role of locked-in GHG emissions in target achievement.

The organization must explain how the transition plan aligns with just transition principles and how engagement with stakeholders informs its development and implementation. It should identify affected and potentially affected workers, local communities, Indigenous Peoples and at-risk or vulnerable groups and explain how their concerns have influenced the plan.

The organization must describe the positive and negative impacts on people and the environment arising from implementation of the transition plan and the actions taken to manage them. This includes impacts on workers, local communities, Indigenous Peoples and biodiversity. It should also describe impacts associated with failure to implement the plan.

The organization must describe how its public policy and lobbying activities are consistent with the transition plan. It should disclose relevant policy positions, association memberships and contributions and any differences between its stated climate positions and its own lobbying activities or those of representative associations.

If the organization does not have a transition plan, it must explain why the plan does not exist, describe the steps being taken to develop it and report the expected time frame. Where a required item cannot be disclosed, the organization should apply an appropriate reason for omission in accordance with GRI 1.

Disclosure 102-1 applies when climate change has been determined to be a material topic and the disclosure is relevant to the organization’s climate change-related impacts. It supplements and does not replace Disclosure 3-3. GRI 102: Climate Change 2025 is effective for reports and other materials published on or after 1 January 2027, with earlier adoption encouraged.

Este material formativo de LRA apoya la preparación de la divulgación. Para los requisitos exactos, consulte siempre la fuente oficial de Global Reporting Initiative.