Sustainability Finance 101: Transition Planning to Respond to Climate Risks & Opportunities
In the last Sustainability & Sustainable Financial Success 101 post we discussed Climate Related Effects on Business Models & Value Chains. In this post we’ll discuss questions your business needs to be asking to build a credible Transition Plan to respond to climate risks & opportunities.
· How has your business responded to climate-related risks & opportunities thus far?
· How does it plan to respond in the future?
· Did/does your business have a strategy and targets for actual & planned responses?
· How does your business create and decide on this strategy and on its targets?
· Has your business made any changes to its business model and its value chain in order to create a strategy that can be successfully implemented?
· What are your business’ transition plans to ensure that it meets its targets and implements its sustainability strategy?
· Does your workforce have the necessary skill sets and training to implement the new strategy?
· Does your business voluntarily report its strategy, targets and plans to satisfy investors’ questions on how your business plans to be successful despite climate & other sustainability risks in the future?
· Does your business measure its year-on-year progress against its sustainability targets and transition plans to sustainable development?
· Does it have an objective set of KPIs to measure its progress towards its targets?
What trade-offs does your business need to make in creating and implementing its sustainability strategy?
Source: CDP June 2024 Report
SELE Solutions can help your business answer the above questions and make meaningful progress in creating and implementing a customized, innovative transition plan to reach your unique sustainable development goals. Time is running out. Reach out to SELE Solutions to get kick-started on your journey to sustainable development.
info@selesolutions.com; +1(248)975.7353; www.selesolutions.com
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