Navigating Climate Transition Plans

Navigating Climate Transition Plans: Key Takeaways from ChoiceEvent #82

At ChoiceEvent #82, hosted by ClimateChoice, we had the privilege of learning from Corinna Weinmiller, Co-Founder of findig GmbH, about the crucial role of Climate Transition Plans (CTPs) in corporate sustainability strategies. With the Omnibus Simplification Package under discussion, many companies are questioning the future relevance of CTPs. Yet, as Corinna and our experts made clear: Climate Transition Plans are here to stay. They are essential for regulatory compliance, aligning corporate strategies with climate targets, and driving Scope 3 action.

Here’s what we learned about how businesses can integrate Climate Transition Plans into their operations and accelerate Scope 3 decarbonization.

Omnibus & Climate Transition Plans: What’s Changing?

With the Omnibus Simplification Package under discussion, companies are asking: Do Climate Transition Plans still matter?

The short answer: Yes.

Potential regulatory adjustments could include:

• Changes to which companies are required to report (e.g., adjusting employee thresholds).

• Reducing the number of reporting indicators.

• Standardizing Climate Transition Plans with clearer implementation guidelines.

Despite these discussions, CTPs will remain essential for companies aligning with long-term decarbonization goals.

“Businesses should not wait for regulatory certainty - proactive climate transition planning is key to staying ahead of market shifts, managing risks, and future-proofing operations,” emphasized Lara Obst, Co-Founder of ClimateChoice.

Climate Transition Plans: More Than Just Compliance

While CSRD, EU Taxonomy, and CSDDD requirements evolving, Climate Transition Plans (CTPs) stay a cornerstone of comprehensive climate management. In fact, companies should move beyond viewing CTPs as a compliance exercise and instead use them as a strategic tool to reduce emissions, improve financial planning, and enhance supply chain resilience.

As we learned from Corinna Weinmiller, a strong Climate Transition Plan covers:

✔ Governance & Accountability – Integrating climate strategies into corporate decision-making.
✔ Science-Based Targets (SBTs) – Setting clear Scope 1, 2, and 3 reduction goals.
✔ Implementation & Financial Planning – Mapping out emissions reductions with clear funding allocations.
✔ Risk & Opportunity Management – Addressing business risks related to climate change.
✔ Monitoring & Reporting – Tracking progress and supplier engagement over time.

Corinna highlighted that while 25% of companies report having a Climate Transition Plan, only 2% meet regulatory expectations - a clear gap that needs to be addressed.

Challenges in Climate Transition Planning

One of the biggest gaps in Climate Transition Plans today is the integration of Scope 3 emissions, which often account for 70-90% of a company’s total emissions.

Key challenges companies face in Scope 3 management include:

• Lack of supplier engagement: Many suppliers lack climate expertise or resources.

• Data reliability issues: Heavy reliance on industry-average emissions rather than primary supplier data.

• Implementation struggles: Moving from reporting to real action remains a barrier.

Best practices for Climate Transition Planning

Without a strong Scope 3 strategy, companies risk falling behind in compliance, financial performance, and market positioning.

Here’s how to get started:

✔ Engage suppliers now - Build structured engagement programs and demand primary emissions data. Companies like Danone and General Mills have launched structured supplier climate initiatives to help suppliers measure and reduce emissions to improve carbon footprint accuracy.
✔ Aligning procurement with decarbonization - Embedding sustainability criteria into supplier selection and evaluation.
✔ Embed transition planning into business strategy - Align procurement, sustainability, and financial planning.

✔ Join our next Scope 3 Action Group - Get expert guidance and peer collaboration to develop your Climate Transition Plan.

🔗 [Register for the Scope 3 Action Group – Starting March 2025]

📺 Watch the Full Session & Learn More

Missed ChoiceEvent #82? Watch the full webinar here:

A huge thank you to Corinna Weinmiller for her valuable insights and to all our attendees for an engaging discussion.

📢 Ready to Kick-Start Your Scope 3 Journey?

We invite you to join us for cohort #4 of the Scope 3 Action Group, starting in March 2025: 

We’ve worked with over 40 companies, from midsize to large enterprises, helping them develop and scale Scope 3 strategies and build up solid Climate Transition Plans through our Scope 3 Action Group - a four-month blended learning and action program.

Apply for the next Scope 3 Action Group here

What You’ll Get

✔ Exclusive peer exchange and expert insights – Learn from leading companies and industry pioneers on best practices for supplier engagement and climate data management.
✔ Actionable tools for direct implementation – Gain hands-on access to structured frameworks, including Supplier Climate Maturity Mapping, Scope 3 Roadmapping, and Strategic Action Planning, to accelerate supplier collaboration and decarbonization.
✔ Your tailored Scope 3 strategy – Develop a structured, step-by-step approach to scaling your supplier engagement, integrating emissions data into procurement, and making climate action business as usual.

🚀 The next Scope 3 Action Group starts in March 2025 - a unique opportunity to transform insights into action. Join the movement today.