Transition Plans - taking on Nature Positive & Net Zero Goals

Project objectives

This paper seeks to do the following:

Part 1 - Make the case for nature in climate transition plans

• Build out the economic and financial narrative on why nature goals should be included in transition plans. Demonstrate that to achieve Net Zero Goals, we need to reverse nature loss, and that incorporating nature goals will help companies and financial institutions to achieve their net zero goals.
• Produce a small number of illustrative case studies (1-3) comparing how the transition might look if nature goals are or are not included, in order to demonstrate why their inclusion will generate better economic, financial and environmental outcomes, and their exclusion would result in unintended impacts on nature, and undermine commitments on nature. This should start with the food and agricultural sectors.

Part 2 - Examine how this might be done: develop recommendations as to how nature goals might best be incorporated into transition plans. This might include the following:

• Explore and compare the likely international frameworks (e.g., those of the ISSB and TCFD) and metrics that may be used as the foundation of transition plans, to comment on the extent to which they cover nature-positive objectives.
• Identify how companies are incorporating nature alongside net zero goals into their business decision-making frameworks already, to inform thinking about how these approaches might be incorporated into transition plan frameworks. This might include cases from the broader sustainability transition, including for example deforestation and conversion free supply chains, circular economy approaches.
• Draw on latest thinking such as the F4B Transition Plan Framework for Financial Institutions.
• Identify any barriers to integrating this into transition plans and formulate recommendations to the regulator, working closely with WWF.