{"id":32759,"date":"2024-12-11T14:08:34","date_gmt":"2024-12-11T13:08:34","guid":{"rendered":"https:\/\/www.co2news.sk\/?p=32759"},"modified":"2024-12-11T14:09:34","modified_gmt":"2024-12-11T13:09:34","slug":"efrag-publishes-draft-implementation-guidelines-for-the-climate-change-mitigation-transition-plan","status":"publish","type":"post","link":"https:\/\/www.co2news.sk\/en\/2024\/12\/11\/efrag-publishes-draft-implementation-guidelines-for-the-climate-change-mitigation-transition-plan\/","title":{"rendered":"EFRAG publishes draft implementation guidance on the climate change mitigation transition plan"},"content":{"rendered":"<p>This <a href=\"https:\/\/www.efrag.org\/system\/files\/sites\/webpublishing\/Meeting%20Documents\/2410151235139050\/04-02%20-%20Transition%20Plan%20IG%20V1.7.5.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #0000ff;\">document<\/span><\/a> provides informal guidance for companies implementing climate change mitigation transition plans in line with the European Sustainability Reporting Standards (ESRS).<\/p>\n<h3>Main points of the document:<\/h3>\n<ul>\n<li>The document details the ESRS disclosure requirements, linking them to EU legislation such as <strong>Corporate Sustainability Due Diligence Directive (CSDDD)<\/strong> a <strong>EU taxonomy<\/strong>.<\/li>\n<li><strong>Companies must disclose their targets and explain how they are compatible with the 1.5\u00b0C goal set by the Paris Agreement<\/strong>.<\/li>\n<li>Companies must describe <strong>decarbonization levers<\/strong>, such as operational and product modifications that support emission reductions.<\/li>\n<li>They are also required to disclose <strong>investments and financing<\/strong>that support these plans, including capital expenditure (CapEx) in line with the EU taxonomy.<\/li>\n<li>The document emphasizes that <strong>Climate change mitigation transition plans must be embedded in the company&#039;s overall strategy with explicit support from management bodies.<\/strong> This ensures alignment between sustainability goals and company planning.<\/li>\n<li><strong>Companies are required to provide updates on progress in implementing their transition plans.<\/strong> This includes monitoring the effectiveness of planned measures and their contribution to emission reduction targets.<\/li>\n<li><strong>The guidelines emphasize the importance of considering social and biodiversity impacts, risks and opportunities associated with a climate change mitigation transition plan.<\/strong> Companies must disclose how transition plans may impact workers, communities and ecosystems, and how they may depend on adaptation measures.<\/li>\n<\/ul>\n<h3>Document structure:<\/h3>\n<ul>\n<li><strong>Chapter 2<\/strong> explains the European framework for the disclosure of transition plans, presents the E1-1 disclosure requirement for the climate change mitigation transition plan and the broader context of the European Union requirements.<\/li>\n<li><strong>Chapter 3<\/strong> details what and how to disclose in relation to each data point required in Disclosure Requirement E1-1 \u2013 Climate Change Mitigation Transition Plan.<\/li>\n<li><strong>Chapter 4<\/strong> It details how other sources can be taken into account when preparing ESRS disclosures and provides references to other reporting frameworks on climate change mitigation transition plans.<\/li>\n<li><strong>Chapter 5<\/strong> supplements chapters 2 to 4 with answers to frequently asked questions (FAQ).<\/li>\n<\/ul>\n<h3>Other important information:<\/h3>\n<ul>\n<li>The document emphasizes <strong>the importance of taking into account the social impacts of the transition to a low-carbon economy<\/strong>, especially when it comes to workers and communities.<\/li>\n<li>It also warns of <strong>potential impacts on biodiversity<\/strong> and the need to take them into account when planning the transition.<\/li>\n<li>The document provides examples of how companies can disclose information about their progress and challenges in implementing transition plans.<\/li>\n<\/ul>\n<p>This summary provides an overview of the key points of the \u201cTransition Plan IG V1.7.5\u201d. It is recommended that you read the entire document to gain a full understanding of the guidelines and requirements. <em><strong>Spring<\/strong><\/em><\/p>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>This document provides informal guidance for companies implementing climate change mitigation transition plans in line with the European Sustainability Reporting Standards (ESRS). Key points of the document: The document details the ESRS disclosure requirements, linking them to EU legislation such as the Corporate Sustainability Due Diligence Directive (CSDDD) [\u2026]<\/p>","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-32759","post","type-post","status-publish","format-standard","hentry","category-lca_esg_ghg_csddd_csrd_iso_flr"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts\/32759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/comments?post=32759"}],"version-history":[{"count":0,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts\/32759\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/media?parent=32759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/categories?post=32759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/tags?post=32759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}