Climate Transition Action Plan(CTAP)
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Ing. Jiří Jedlička, Ph. D.
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What are CTAPs?
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What are the advantages of CTAPs?
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Ing. Jiří Jedlička, Ph. D.
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What is a just transformation? How do companies and municipalities address the social and economic impacts on communities and employees?
A just transition focuses on maximising the social and economic benefits of climate action without creating or increasing systemic inequalities.
When developing climate action plans, companies/municipalities should consider and actively minimise negative impacts on disadvantaged communities, employees and vulnerable customers.
Companies should also actively engage with these groups and include them in the planning and implementation of their action plans.
Eg: Supporting existing employees, suppliers and vulnerable custosmers in the transition to zero emissions, consulting and implementing feedback from employees, suppliers and affected communities.
What are the advantages of having CTAP? Benefits for companies?
Transparency and credibility: the CTAP provides a clear and concrete plan that shows how the company/municipality intends to achieve its climate goals. This can strengthen the trust of stakeholders, including investors, customers and employees.
Risk Management: CTAP can help a company/community to identify and address potential climate risks such as fluctuations in resource prices, supply chain disruptions or changes in customer demand due to environmental trends, subsidies and green financing.
Improving brand image: today, consumers are increasingly choosing brands based on their environmental credentials. CTAP clearly demonstrates a company’s/corporation’s positive attitude towards climate issues.
Access to finance: investors and financial institutions are increasingly favouring companies with clear strategies for tackling climate change. CTAP can help a company/community more easily access finance or attract investment from green funds.
Optimising business models: CTAP can help a company identify new business opportunities, innovations and effective methods to reduce emissions, reduce operating costs and gain a competitive advantage.
What does a CTAP contain?
1) Emission reduction strategy:
Includes current and planned actions (1-3 years) to reduce emissions in line with international targets.
Defines the largest and most relevant sources of company/city emissions.
It also takes into account the company’s investment in new technology and research and external factors (e.g. capital investment, investment in new staff and expertise, technological advances or supplier relationships)
It specifies targets for renewable energy deployment, energy efficiency targets, zero emission fleet targets, supplier engagement targets and new products.
Emphasises the fluidity of strategies (able to respond to new information, trends and challenges)
2) Business strategy management and integration:
Integrate GHG reduction targets into their business models and plans.
3) Public Policy:
Ensuring that all political and business activities and associations are pro-climate change and, conversely, exclude non-cooperation with organisations expressing negative attitudes towards climate change.
4) Rovnoprávnou a spravedlivou transformaci:
A just transition focuses on maximising the social and economic benefits of climate action without creating or increasing systemic inequalities.
What is the difference between CTAP and ESG?
ESG and other climate documents are key to monitoring corporate/municipal progress on GHG reduction and other environmental, social and governance targets. Using ESG, companies detail the targets they set, their emissions over time and the progress they are making towards these targets. Longer-term, strategic plans are identified. In contrast, CTAPs are short-term plans focused on specific goals. Although they may be included in ESG reports, they should be seen as complementary and more specific. ESG reports serve as the cornerstone for CTAPs