Climate Transition Analysis Template

Workbook Description

Planet Tracker has compiled a guidance template to assist investors when assessing the credibility of a company’s
Climate Transition Plan. If a company provides the information recommended in this workbook, investors will be
able to accurately assess whether the company has a robust climate transition plan as well as its potential climate
warming trajectory.

The template comprises five sections:

(1) Company Overview
(2) Climate Alignment
(3) Policy & Governance
(4) Risk Assessment
(5) Strategic Analysis

Tables

Section Number Description and/or Instructions

Income exposure to different business segments/ Add business segments in the dark grey ar
Table 1
units in the light grey area.

Income exposure to different geographies/ Add countries in the dark grey area and moneta
1. Table 2
light grey area.
Company
Overview Income exposure to different natural commodities/ Add commodities in the dark grey area
Table 3
units or relative percentage in the light grey area.

Supply exposure to different geographies/ Add countries in the dark grey area and procurem
Table 4
the light grey area.

Emissions inventory breakdown per Scope/ Add Scope 3 key categories and sub-categories i
Table 5
area and absolute GHG emissions in the light grey area.
2.
Emissions inventory breakdown per Scope & business segments/ Add key business segments
Climate Table 6
area and absolute GHG emissions in the light grey area.
Alignment
Comparison between current GHG emissions trend and science-based target/ Add absolute
Table 7
relative percentage in the light grey area.

Standardised description of engagement with suppliers/ Add commodities-countries supplie

Table 8
the dark grey area and required quatities and descprition in the light grey area.

Standardised description of engagement with customers/ Add customer type-countries desi

Table 9
dark grey area and required quatities and descprition in the light grey area.
3.
Standardised description of engagement with policymakers and trade associations/ Add org
Policy & Table 10
the dark grey area and required descprition in the light grey area.
Governance
Standardised description of the Board's organisational structure and responsibility/ Add per
Table 11
position in the dark grey area and his/hers status in the light grey area. Use the dropdown l
 Policy &
Governance

Standardised description of executive sustainability compensation/ Add name & position in

Table 12
area and describe sustainability linked targets and compensation in the light grey area.

Standardised description of climate risks and opportunities/ Add identification designation

Table 13
area (to aid future calculations) and required description and quatities in the light grey are
4.
Risk
Assessment Table 14 Standardised description of climate risks management/ Add identification designation in th
(to link Table 13 risks to their management) and required management description in the li

Historic climate transition progress linked to invested capital/ Add Scope 3 key categories a
Table 15 categories in the dark grey area and absolute GHG emissions and quatified allocated invest
5. grey area.
Strategic
Analysis Standardised disclosure of current capital alignment with transition targets/ Add Scope 3 ke
Table 16 sub-categories in the dark grey area and short mitigation description with quatified GHG em
and allocated investment in the light grey area.

lity of a company’s
, investors will be
ts potential climate
ments in the dark grey area and monetary
rk grey area and monetary units in the
es in the dark grey area and monetary
k grey area and procurement volume in
ries and sub-categories in the dark grey
d key business segments in the dark grey
ed target/ Add absolute GHG emissions or
odities-countries supplier designation in
ht grey area.
omer type-countries designation in the
rey area.
de associations/ Add organisation name in
d responsibility/ Add person's name &
area. Use the dropdown list.
Abbreviations
KT kilo-tonnes
CO2e Carbon Dioxide Equivalents
GHG Greenhouse Gas
Dropdown Options
Dropdowns
Dropdown options are provided in some
Member
cells throughout the workbook. They can
be found in Table 8, 9, 11 and 14. Yes
Examples are shown here:
Aim
To present the company's main sources of revenue, location of
assets and suppliers, natural commodities it is exposed to, and
their origin. This information will add to the understanding of the
company's risks and opportunities, and the subsequent financial
impact of climate challenge.
To disclose a breakdown of the company's greenhouse gas (GHG)
emissions from an operational (Scope 1 and 2) and value-chain
(Scope 3) perspective, and aid the comparison between historical
trends and the latest science-based targets. It should inform the
company's subsequent policy and investment regarding its climate
transition.
To present the company's engagement with suppliers, customers,
and policymakers on a comparable basis, as well as of the
management's remuneration linked to transition ambitions. This
section adds to the definintion of governance mechanisms put in
place to ensure the delivery of the company's climate transition
plan.

Add name & position in the dark grey
n the light grey area.
entification designation in the dark grey
ties in the light grey area.
ication designation in the dark grey area
ment description in the light grey area.
Scope 3 key categories and sub-
uatified allocated investment in the light
n targets/ Add Scope 3 key categories and
on with quatified GHG emissions change
section adds to the definintion of governance mechanisms put in
place to ensure the delivery of the company's climate transition
plan.
To present the company's exposure to climate-related risks and
opportunities, in relation to Climate Change and Climate
Transition, and also describe the measures and provisions made by
the company to avoid, adapt to, or mitigate the negative financial
impact resulting from Climate Change and Transition.
To provide a detailed, time-bound financial plan which illustrates
the correlation between emissions reduction and the
corresponding investments made to achieve said reduction, in
order for the company to achieve its climate transtion targets.
A. Industry and segments:

Table 1: Industry and Segments

Business activity: Revenue (state units) Trading Operating Profit (state units)
Segments
2022 2021 2020 2022 2021 2020

Example 1: Essential Dairy XXX XXX XXX XXX XXX XXX

Example 2: Plant-based
XXX XXX XXX XXX XXX XXX
Products

Example 3: Specialised
XXX XXX XXX XXX XXX XXX
Nutrition

Example 4: Water XXX XXX XXX XXX XXX XXX

B. Geographic exposure:

Table 2: Geographic Exposure - Operations

Invested Capital/Tangible Assets

Revenue (state units) Operating Profit (state units)
Countries (state units)

2022 2021 2020 2022 2021 2020 2022 2021 2020

Country 1 XXX XXX XXX XXX XXX XXX XXX XXX XXX

Country 2 XXX XXX XXX XXX XXX XXX XXX XXX XXX

Country 3 XXX XXX XXX XXX XXX XXX XXX XXX XXX

Country 4 XXX XXX XXX XXX XXX XXX XXX XXX XXX

Country 5 XXX XXX XXX XXX XXX XXX XXX XXX XXX

… … … … … … … … … …
 Table 3: Geographic Exposure - Natural Commodities Table 4: Geographic Exposure - S

Revenue Dependent on the Commodity

(%) Top Supplier Volume of Procured Commodity (%)
Key Commodities
Countries
2022 2021 2020 Dairy Coffee

Example 1: Dairy XX% XX% XX% Country 1 XX% XX%

Example 2: Coffee XX% XX% XX% Country 2 XX% XX%

Example 3: Cacao XX% XX% XX% Country 3 XX% XX%

Example 4: Palm Oil XX% XX% XX% Country 4 XX% XX%

Example 5: Soy XX% XX% XX% Country 5 XX% XX%

… … … … … … …
e 4: Geographic Exposure - Supplier Countries

ocured Commodity (%)

Cacao Palm Oil Soy …

XX% XX% XX% XX%

XX% XX% XX% XX%

XX% XX% XX% XX%

XX% XX% XX% XX%

XX% XX% XX% XX%

… … … …
 A. Emissions Inventory:

Table 5: Greenhouse Gas (GHG) Emissions Inventory

GHG (KTCO2e)
Scope Category
2022 2021

Scope 1 - Total Direct Emissions XXX XXX

Scope 2 - Total Market-Based Emissions XXX XXX

Totals

Scope 2 - Total Location-Based Emissions XXX XXX

Scope 3 - Total Indirect Emissions XXX XXX

Scope 3 Upstream - Total Indirect Emissions Upstream XXX XXX

Scope 3 Upstream - Purchased Goods

XXX XXX
(Total)

Scope 3 Upstream - Purchased Goods (Item

Agriculture (e.g. Milk) XXX XXX
1)

Scope 3 Upstream - Purchased Goods (Item

Agriculture (e.g. Dairy Ingredients) XXX XXX
2)
Scope 3 - Upstream

Scope 3 Upstream - Purchased Goods (Item

Agriculture (Other Raw Materials) XXX XXX
3)

Scope 3 Upstream - Purchased Goods (Item

Finished Products XXX XXX
4)

Scope 3 Upstream - Processing &

XXX XXX
Packaging (Total)

Scope 3 Upstream - Processing and

XXX XXX
Packaging (Item 1)

Scope 3 Upstream - Processing and

e.g.Fuel and Energy XXX XXX
Packaging (Item 2)

Scope 3 Upstream - Processing and Packaging

e.g.Waste XXX XXX
Packaging (Item 3)

Scope 3 Upstream - Inbound Transport Inbound Transport XXX XXX

Scope 3 - Downstream

Scope 3 Downstream - Total Indirect Emissions Downstream XXX XXX

Scope 3 Downstream - Distribution Distribution XXX XXX

Scope 3 Downstream - Consumption Use of Sold Products XXX XXX

End-of-life Treatment of Sold

Scope 3 Downstream - Disposal XXX XXX
Products
 Breakdowns by business segments (if relevant for subsequent mitigation actions):

y Table 6: Current Greenhouse Gas (GHG) Emissions per B

Scope Category
2020 Baseline Year

XXX XXX Scope 1 - Total Direct Emissions

XXX XXX Scope 2 - Total Market-Based Emissions

XXX XXX Scope 2 - Total Location-Based Emissions

XXX XXX Scope 3 - Total Indirect Emissions

Indirect Emissions
XXX XXX Scope 3 Upstream - Total
Upstream

Indirect Emissions
XXX XXX Scope 3 Downstream - Total
Downstream

XXX XXX

XXX XXX

XXX XXX

XXX XXX

XXX XXX

XXX XXX

XXX XXX

XXX XXX

XXX XXX

XXX XXX

XXX XXX

XXX XXX

XXX XXX
for subsequent mitigation actions): B. Trends and Targets:

ent Greenhouse Gas (GHG) Emissions per Business Segment

GHG per Business Segment (KTCO2e)

Plant-based Specialised
Essential Dairy Water …
Products Nutrition Scope

XXX XXX XXX XXX XXX

XXX XXX XXX XXX XXX Scope 1 - Total

XXX XXX XXX XXX XXX Scope 2 - Total

XXX XXX XXX XXX XXX Scope 2 - Total

XXX XXX XXX XXX XXX Scope 3 - Total

XXX XXX XXX XXX XXX Scope 3 Upstream - Total

Scope 3 Downstream - Total

 Table 7: Current Greenhouse Gas (GHG) Emissions Trend and Target

GHG (KTCO2e)

Target Year: (Example 2030)

Category
Current Year Baseline Year
Emissions Level per Emissions Level per
Science-Based Target Current Change Trend

Direct Emissions XXX XXX XXX XXX

Market-Based Emissions XXX XXX XXX XXX

Location-Based Emissions XXX XXX XXX XXX

Indirect Emissions XXX XXX XXX XXX

Indirect Emissions
XXX XXX XXX XXX
Upstream

Indirect Emissions
XXX XXX XXX XXX
Downstream
Current Progression Rate (%)

Target Elapsed
Completion (%) Timeframe (%)

XX% XX%

XX% XX%

XX% XX%

XX% XX%

XX% XX%

XX% XX%
A. Engagement and Influence:

Table 8: Engagement Initiatives - Suppliers

Current Volume of
Country of Current Share of
Supplier Types Procured Initiative / Engagement Description
Engagement Scope 3 GHG (%)
Commodity (%)

Suppliers of Dairy Country 1 XX% XX% 1. Example: Animal feed mix optimisation

Suppliers of Dairy Country 3 XX% XX% 2. Example:

Suppliers of Coffee Country 2 XX% XX% 1. Example: Sustainably Sourced

Suppliers of Cacao Country 2 XX% XX% 1. Example:

… … … ……
uppliers

Estimated Annual GHG Allocated Annual

Country of
Recurrent Emissions reduction Investment (state Consumer Types
Engagement
(KTCO2e) monetary unit)

Yes XXX XXX Supermarkets Country 1

No XXX XXX Convenience stores Country 3

Individuals &
No XXX XXX Country 2
Restaurants

Yes XXX XXX Supermarkets Country 2

… … … … …
 Table 9: Engagement Initiatives - Consumers

Estimated Annual GHG

Current Volume Current Share of
Initiative / Engagement Description Recurrent Emissions reduction
of Sales (%) Scope 3 GHG (%)
(KTCO2e)

XX% XX% 1. Example: Reduce refrigeration costs No XXX

XX% XX% 1. Example: Recycling education No XXX

XX% XX% 1. Example: Reduced packaging Yes XXX

XX% XX% 1. Example: Yes XXX

… …… … …
 Table 10: Engagement and Influence of Policymakers a

Allocated Annual
Geographic
Investment (state Organisation Policy Focus
Coverage
monetary unit)

Example: United
XXX Name 1 Example: Carbon Tax
States

XXX Name 2 … …

XXX Name 3 … …

XXX … … …

…
Table 10: Engagement and Influence of Policymakers and Trade Associations

Policy Ambition Company's Position Company's Actions of Influence

Example: Reduce methane emissions per Example: Created a forum for FMCG
Example: Support with minor exceptions
unit of product by 20% by 2025 companies to aid in shaping policy

… …

… …

… …
B. Management Alignment:
a. Oversight:
Table 11: Board of Directors Organisational Structure and Responsibility

Governance Compensation Nomination Audit Sustainability

Name & Position
Committee Committee Committee Committee Committee

Mr A, Chairman Member Member Chair

Ms B, Vice Chair Member Member

Mr C, Lead Independent Director Chair Member

Ms D, Honorary Chair Member Chair

Ms E, Idependent Director Member Member

Mr F, Independent Director Member

Ms G, Independent Director Member Member Member

Mr H, Independent Director Member

Ms I, Independent Director Chair Member Member

Mr J, Independent Director Member Chair Member

b. Remuneration:
Table 12: Executive Sustainabili

Sustainability Linked Targets Achieved Between:

Name Position

0 to 1 year 1 to 3 years

Chief Executive Officer Reduce company-wide GHG emissions

Ms A
("CEO") (Scopes 1, 2 and 3) by 15%

Chief Financial Officer

Mr B … …
(“CFO”)

Reduce virgin plastic

Ms C CEO, Europe …
use by 10%

CEO, Beverages North

Ms D … …
America ("BNA")

CEO, Foods North

Dr E … …
America ("FNA")

… … … …
 Table 12: Executive Sustainability Linked Compensation

Sustainability Linked Compensation Paid Every:

3 to 5 years 5 and Above years 1 year 3 years 5 years

20% of total compensation

… … None XX%
monetary bonus

… … XX% XX% XX%

5% of total compensation
… … XX% XX%
monetary bonus

Reduce Scope 3 GhG for

… XX% XX% XX%
BNA by 50%

Raise sustainable 20% monetary bonus + 2%

… XX% XX%
sourcing for FNA to 80% extra shares options

… … … … …
+5 years

XX%

XX%

XX%

6% extra shares options

XX%

…
A. Risks and Opportunities:

Table 13: Climate Change and Climate Transition Risks and Opportu

Risk / Opportunity Risk / Opportunity Financial Impact

Risk ID Rating Year Value Chain Stage
Type Driver Type

High variability in
A Physical Risk 2022 Direct Operations Decreased revenue
weather patterns

Carbon pricing Increased operating

B Policy Risk 2022 Direct Operations
mechanisms costs

Customer preference
C Market Opp. 2022 Downstream Increased Revenue
change

High variability in Increased operating

A Physical Risk 2022 Upstream
weather patterns costs

Carbon pricing Increased operating

B Policy Risk 2021 Upstream
mechanisms costs

… … … …… …
hange and Climate Transition Risks and Opportunities

Scenario of Impact Timeframe until Likelihood of Impact Max Expected Financial Expected Financial
or Key Assumption Impact (years) (%) Impact (state monetary unit) Impact (% of EBIT)

Under a 2oC scenario Between 50% and

3 to 5 years XXX XX%
by 2050 66%

Alignment with 1.5oC Between 66% and

5 to 10 years XXX XX%
by 2030 75%

Plant-based market: Between 75% and

5 to 10 years XXX XX%
7% by 2030 90%

Under a 2oC scenario Between 90% and

1 to 3 years XXX XX%
by 2050 99%

Alignment with net- Between 33% and

5 to 10 years XXX XX%
zero 2050 50%

… … … … …
B. Risk Management:

Table 14: Risk Management - Climate Change and Climate Transition

Present Value of
Cost of Response
Expected Impact Present Value of Type of Response
Risk ID Rating Year Project (state Recurrent Project
(state monetary Impact (% of EBIT) Project
monetary unit)
unit)

Example -
A 2022 XXX XX% XXX No
Adaptation

B 2022 XXX XX% Example - Mitigation XXX Yes

C 2022 XXX XX% … XXX No

… … … …… ……
te Transition

Short Project GHG emissions

Project Timeframe
Description reduction (KTCO2e)

3 years … None

5 to 10 years … XXX

up to 5 years … XXX

… … …
A. Capital Alignment:

Table 15: Progress Assessment linked to Invested Capital

GHG Emissions (KTCO2e) Abatement

Investment from
Emissions Origin Baseline to Present
(state monetary
Baseline Science-Based Current Over / unit)
Mitigated Current
Year Target Undershoot

Scope 1 XXX XXX XXX XXX XXX XXX

Scope 2 (Location-based) XXX XXX XXX XXX XXX XXX

Scope 2 (Market-based) XXX XXX XXX XXX XXX XXX

Scope 3 - Total XXX XXX XXX XXX XXX XXX

Scope 3 Upstream - Total XXX XXX XXX XXX XXX XXX

Scope 3 Upstream - Purchased

XXX XXX XXX XXX XXX …
Goods

Scope 3 Upstream - Processing

XXX XXX XXX XXX XXX …
& Packaging

Scope 3 Upstream - Inbound

XXX XXX XXX XXX XXX …
Transport

Scope 3 Downstream - Total XXX XXX XXX XXX XXX XXX

Scope 3 Downstream -
XXX XXX XXX XXX XXX …
Distribution

Scope 3 Downstream -
XXX XXX XXX XXX XXX …
Consumption

Scope 3 Downstream - Disposal XXX XXX XXX XXX XXX …

 Table 16: Current Capital Alignment with Targets

Current Over /
Timeframe of
Emissions Origin Undershoot Short Description: Mitigation Initiative(s)
Initiative
(KTCO2e)

Scope 1 XXX Renewable Electricity - 90% of Factories 3 to 5 years

Scope 2 (Location-based) XXX … …

Scope 2 (Market-based) XXX … …

Scope 3 - Total XXX … …

Scope 3 Upstream - Total XXX … …

Scope 3 Upstream - Purchased Sustainable fertilizers use - 70% of sourced

XXX 5 to 10 years
Goods wheat

Scope 3 Upstream - Processing

XXX … …
& Packaging

Scope 3 Upstream - Inbound

XXX … …
Transport

Scope 3 Downstream - Total XXX … …

Scope 3 Downstream -
XXX … …
Distribution

Scope 3 Downstream -
XXX … …
Consumption

Organic/Compostable Packaging - 50% of

Scope 3 Downstream - Disposal XXX 5 to 10 years
Sold Products
Alignment with Targets

Expected Emissions Estimated Abatement Total GHG Abatement

Reduction by Target Year Cost (Monetary Unit per Cost (state monetary
(KTCO2e) TCO2e) unit)

XXX XX XXX

XXX XX XXX

XXX XX XXX

XXX XX XXX

XXX XX XXX

XXX XX XXX

XXX XX XXX

XXX XX XXX

XXX XX XXX

XXX XX XXX

XXX XX XXX

XXX XX XXX