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Climate Action 100+ First Ever Net Zero Benchmark Points the Way for Businesses to Align with Paris Agreement Goals

Climate Action 100+ First Ever Net Zero Benchmark Points the Way for Businesses to Align with Paris Agreement Goals (Credit: Climateaction100.org) In its first ever Net Zero Company Benchmark of the world’s largest corporate emitters, Climate Action 100+ defines key indicators of success for businesses to align with a net zero emissions future and the goals of the Paris Agreement. While there is growing global momentum around companies making ambitious climate commitments, the Benchmark assessments show that companies still have a long way to go in delivering on these  promises. Further, the assessments show that no company has fully disclosed how it will achieve its goals to become a net zero enterprise by 2050 or sooner, including short and medium-related targets for the next decade.

Investor group to build tool to assess climate change governance, performance

By IPE Staff2021-05-14T15:07:00+01:00 A group of institutional investors have started a project to create a new assessment framework enabling investors to fairly and appropriately measure, monitor and compare sovereigns’ current and future climate change governance and performance. The tool is being designed by a project team comprising BT Pension Scheme (BTPS) and the Church of England Pensions Board, alongside the UN-convened Net-Zero Asset Owner Alliance, (AOA); Coalition for Environmentally Responsible Economies (Ceres); the Institutional Investors Group on Climate Change, (IIGCC); the Principles for Responsible Investment, (PRI) and the Transition Pathway Initiative, (TPI), supported by Chronos Sustainability. The team will start working on the tool in June 2021 with the aim to pilot the assessment framework, Assessing Sovereign Climate-related Opportunities and Risk (ASCOR), by the end of 2021.

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