Navigating Net Zero Transition Planning: Recommendations for Management Accountants

A group of researchers from the University of Dundee, RSK and METIS Institute for Climate Strategy have conducted an in-depth study on the intricacies of net zero transition planning, focusing on the UK and Singapore. This report provides a comprehensive analysis of the current state of corporate transition planning, highlighting the significant challenges and opportunities faced by businesses.

Key findings include the critical need for cross-functional collaboration, the early involvement of finance teams, and the importance of climate literacy among management accountants. The report also raises concerns with regards to the Transition Plan Taskforce (TPT) Disclosure Framework limited focus on climate adaptation measures, offering practical recommendations to enhance corporate climate resilience. By examining both document analysis and real-world case studies, this report serves as a valuable resource for companies aiming to develop effective and compliant transition plans.