Climate Transition Plans
A climate transition plan is a key part of your business strategy. It demonstrates to regulators, investors and other stakeholders the targets and actions your business is investing in for effective implementation of a low-carbon future. Whether you are starting your plan or need support to strengthen and coordinate your existing efforts, Ricardo can help.
Support with every aspect of your transition plan
Ricardo’s experts can help you to develop and implement a comprehensive transition plan that is credible, effective and tailored to your organisation. The breadth of our capabilities means we can be your trusted advisor right from the evidence gathering and strategy stage through to implementing and reporting your successes.
Our depth of experience advising both policy makers and corporations across multiple sectors means we know the most valuable insights for success and resilience in the short and longer term. We use a suite of robust methodologies including those detailed below to provide you with the data, analysis and expert advice for confident decision making and accelerated progress during your climate transition.
A carbon footprint is essential to understand your current emissions situation and is the starting position against which to measure progress. Our experts will help to collate and review your current emissions data. Our in-house tools allow us to calculate your carbon footprint taking account of any data gaps by modelling using historical emissions data.
Your net zero strategy will be a core part of your transition plan and Ricardo’s experts can help develop a robust strategy in line with Science Based Targets. An effectively planned strategy will help to protect you from the negative impacts of climate change, demonstrate your sustainability commitment to investors, customer and employees, minimise risk of disruption to your business, improve adaptability to future legislation and reduce your energy bills.
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Assessing materiality is the process of determining which issues or topics are most important to a business. Double materiality looks both at your business’s impact on the planet and society and the impact society and the planet have on your business. Our experts can conduct either of these assessments to provide clarity on your ESG risks and opportunities aligned to global reporting standards, ready to incorporate into your climate transition plan.
A life cycle assessment is a deep scientific analysis allowing you to gain a full understanding of the impact of a product or service (from both an environmental and social viewpoint) across the entire life cycle.
A portfolio assessment is a high-level screening approach giving clarity on which products or product groups have the greatest environmental risks and opportunities. Through our expert analysis we will help you to determine priority areas to tackle as well as identifying any quick wins to accelerate progress.
The results of these assessments enable clients to plan and develop more sustainable products and services which can form part of their climate transition plan.
Though economic modelling and feasibility studies, using your own data, we can provide you with the evidence and support to make confident, costed decisions to accelerate your transition to a low carbon economy.
Ricardo’s experts can help you to understand and navigate which regulatory requirements need to be included in your plan and how to prepare for future developments in ESG and sustainability regulations. Our experts regularly work advising governments and policy makers meaning we have clear insight on emerging regulations as well as a deep understanding of the current regulatory landscape.
Your transition plan should contain information on how you are responding to climate-related risks and opportunities. As experts in helping organisations disclose against the Task Force on Climate-related Financial Disclosures (TCFD) framework, Ricardo’s consultants are skilled at working with organisations to identify key issues and to develop a response for ongoing resilience and for maximising opportunities.
Our consultants can provide deep insights into your sector and your competitor landscape giving you clarity on where you are and how much needs to be done in order to meet your sustainability ambitions.
Ricardo’s support doesn’t stop at the planning stage, our experts can help you every step of the way. Our advice and services are independent, we are not tied to specific technology solutions, so can offer you unbiased consultancy on the best path to take. We can also act as owner’s consultant to keep projects on track, to budget and monitor quality and safety standards.
TCFD, CDP, IFRS S2 and CSRD ESRS E1 climate standard reporting require the identification of risks and opportunities. Ricardo can align your transition plan to these standards and help with the disclosures required. Our experts can also help you measure and report progress against the short and long-term targets in your plan to your investors, customers and the wider community.
This service is offered within the following sectors.
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Start a conversation about your sustainability needs and find out how Ricardo can add value