Climate transition plan

Roles that need it

• ESG Reporting Specialist
• Sustainable Finance Analyst
• Relationship Manager (Corporate & Business Banking)
• Risk Advisory Consultant

Skills it belongs to

• Sustainability reporting (CSRD/ESRS, ISSB, GRI)
• Sustainable finance and green instruments

Related concepts

• ESRS (European Sustainability Reporting Standards)The ESRS are the mandatory sustainability reporting standards under the CSRD, adopted as Delegated Regulation (EU) 2023/2772. The first set has two cross-cutting and ten topical standards on environment, social and governance matters, and the Commission is simplifying them after the Omnibus package.
• Climate-related financial riskClimate-related financial risk covers physical risk, losses from extreme weather and chronic changes, and transition risk, losses from policy, technology and market shifts toward a low-carbon economy. Both feed existing credit, market, operational and insurance risks.
• Greenhouse gas emission scopes (Scope 1, 2, 3)Scope 1 covers direct emissions from sources a company owns or controls, Scope 2 indirect emissions from purchased energy, and Scope 3 all other indirect emissions in the value chain. For banks and investors, financed emissions in Scope 3 category 15 are usually the largest part.
• CSRD (Corporate Sustainability Reporting Directive)The CSRD is the EU directive, (EU) 2022/2464, that requires large companies to report sustainability information in their management report under the ESRS, based on double materiality, in a digital format and with external assurance. The 2026 Omnibus simplification narrowed its scope to the largest companies.

Sources

• Commission Delegated Regulation (EU) 2023/2772 (ESRS), EUR-Lex (external site) accessed 31 Oct 2026
• Directive (EU) 2024/1760 on corporate sustainability due diligence, EUR-Lex (external site) accessed 31 Oct 2026

Updated 31 Oct 2026.