A framework for assessing and managing dependencies in corporate transition plans

33 Pages Posted: 23 Jul 2024

See all articles by Adrien Rose

Adrien Rose

University of Oxford - School of Geography and Environment

Gireesh Shrimali

University of Oxford

Krista Halttunen

Imperial College London - Centre for Environmental Policy; University of Oxford - Smith School of Enterprise and the Environment

Date Written: July 17, 2024

Abstract

The urgency of mitigating climate change has increasingly driven companies to develop corporate climate transition plans (CTPs). Factors beyond the direct control of a company can significantly influence the successful implementation of CTPs, but this issue is not addressed comprehensively by existing scientific literature or CTP assessment frameworks. This perspective paper introduces the concept of transition plan dependencies, highlighting the necessity of considering external factors such as economic trends, technological advancements, policy environments, and sectoral transitions. Through a combination of a systematic literature review and semi-structured interviews, we propose new frameworks and metrics for identifying, quantifying, and managing these dependencies. We use sectoral examples to illustrate the framework and quantification methods, and we suggest next steps to improve the analysis and the management of dependencies in corporate transition plans. This paper aims to serve as a foundation for further academic research on transition plan dependencies and its practical applications.

Keywords: Sustainable Finance, Sustainability, Corporate Transition Plans, Decarbonisation, Transition Plan Assessment, Transition Plan Dependencies, Decarbonisation levers, Net Zero, Climate Change Mitigation, Integrity, Credibility, ESG, GHG Emissions Reductions, Corporate Risk Management

Suggested Citation

Rose, Adrien and Shrimali, Gireesh and Halttunen, Krista, A framework for assessing and managing dependencies in corporate transition plans (July 17, 2024). Available at SSRN: https://ssrn.com/abstract=4897758 or http://dx.doi.org/10.2139/ssrn.4897758

Adrien Rose (Contact Author)

University of Oxford - School of Geography and Environment ( email )

Oxford University Centre for the Environment
South Parks Road
Oxford, OX1 3QY
United Kingdom

Gireesh Shrimali

University of Oxford ( email )

Mansfield Road
Oxford, Oxfordshire OX1 4AU
United Kingdom

Krista Halttunen

Imperial College London - Centre for Environmental Policy ( email )

United Kingdom

University of Oxford - Smith School of Enterprise and the Environment ( email )

United Kingdom

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
480
Abstract Views
1,693
Rank
127,917
PlumX Metrics