Company Climate Transition

The European Union has established a comprehensive climate policy framework to achieve net-zero greenhouse gas emissions by 2050, including the Corporate Sustainability Reporting Directive (CSRD), which mandates transparency in corporate climate transition plans and the Corporate Sustainability Due Diligence Directive (CSDDD), requiring large companies to adopt such plans. Additionally, the Fit for 55 package, Sustainable Finance Disclosure Regulation (SFDR), and EU Taxonomy support these efforts by guiding sustainable finance and emissions trading. In Central and Eastern European countries—Poland, Czech Republic, Slovakia, Romania, and Bulgaria—these EU policies are supported by national strategies to enhance corporate sustainability and meet EU decarbonisation targets. However, despite growing awareness of climate risks and opportunities, companies in the CEE region still struggle to navigate the different legal obligations, guidelines and methods connected to business accounting and planning for decarbonisation.

The “Company Climate Transition” project seeks to accelerate the implementation of climate transition plans with GHG emission reduction targets that are sufficiently ambitous to support the green transition of the CEE economies. First, it conducts a comprehensive assessment to identify best practices and challenges in corporate climate disclosures. Second, the project creates accessible, practical guidance to demystify EU climate requirements, covering essential areas like climate transition planning, GHG emissions accounting, and sectoral targets. Third, a capacity-building programme empowers business leaders, financial institutions, and civil society with training sessions, peer-learning opportunities, and resources. By collaborating with national ministries, business associations, and environmental organisations, the project ensures tailored support for high-impact sectors, such as energy, manufacturing, and finance, promoting climate-friendly decision-making. Activities like workshops, online resources, and a database of best practices will help companies integrate climate strategies into their operations, thus enabling them to fulfill EU policy requirements and contribute to national and EU climate targets. The project members also engage with business associations, supervisory authorities, and civil society to foster collaboration and ensure the uptake of climate transition planning.