A recent survey by Agenda shows that more than a third of organizations do not have a written climate transition plan in place. This is despite continued pressure from investors, regulators and other stakeholders not only to craft transition plans but also to disclose them, to update stakeholders on progress against the plans, and to have boards practice strong oversight over them.

Many directors pushed back on the need for such plans for every company, claiming that companies have "never seen the need for a climate plan" or that transition plans are "onerous and should not cover all industries."

Recently, Managing Director Julie Mclaughlin was quoted in an Agenda article on this issue. She comments, "Climate change and the energy transition will impact companies at all levels from natural disasters and input costs to supply chain disruptions and consumer preferences. Assimilating a deep understanding of what each of those risks are and how they can be addressed will be challenging for many companies,” she added, noting that U.S. companies have not been required by law to create the plans thus far."

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