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COMPANY ASSESSMENT

Delta Air Lines, Inc.

ABOUT THE COMPANY ASSESSMENTS

The Net Zero Company Benchmark assesses the performance of focus companies against the Initiative’s three high-level goals: reducing greenhouse gas emissions, improving governance, and strengthening climate-related financial disclosures. The Benchmark contains two types of analyses, a Disclosure Framework and Alignment Assessments, which complement each other and provide insight into a company’s net zero emissions transition.  

By accessing these assessments, you agree to be bound by the data usage terms and conditions. For more information on data collection and feedback, see the review and redress process. 

EXPLORE THE ASSESSMENTS

The disclosure framework evaluates the adequacy of corporate disclosure in relation to key actions companies can take to align their businesses with the Climate Action 100+ and Paris Agreement goals. The framework reflects publicly disclosed information as of 13th May 2022 and is assessed by the Transition Pathway Initiative. Download the disclosure framework methodology to learn more.

1.1
The company has set an ambition to achieve net zero GHG emissions by 2050 or sooner.
YES, MEETS ALL CRITERIA
a
The company has made a qualitative net zero GHG emissions ambition statement that explicitly includes at least 95% of its Scope 1 and 2 emissions.
YES, MEETS ALL CRITERIA
b
The company’s net zero GHG emissions ambition covers the most relevant Scope 3 GHG emissions categories for the company’s sector, where applicable.
NOT APPLICABLE

2.1
The company has set a target for reducing its GHG emissions by between 2036 and 2050 on a clearly defined scope of emissions.
YES, MEETS ALL CRITERIA
2.2
The long-term (2036 to 2050) GHG reduction target covers at least 95% of Scope 1 & 2 emissions and the most relevant Scope 3 emissions (where applicable).
YES, MEETS ALL CRITERIA
a
The company has specified that this target covers at least 95% of its total Scope 1 and 2 emissions.
YES, MEETS ALL CRITERIA
b
If the company has set a Scope 3 GHG emissions target, it covers the most relevant Scope 3 emissions categories for the company’s sector (for applicable sectors), and the company has published the methodology used to establish any Scope 3 target.
NOT APPLICABLE
2.3
The target (or, in the absence of a target, the company’s latest disclosed GHG emissions intensity) is aligned with the goal of limiting global warming to 1.5°C.
NO, DOES NOT MEET ANY CRITERIA

3.1
The company has set a target for reducing its GHG emissions by between 2026 and 2035 on a clearly defined scope of emissions.
NO, DOES NOT MEET ANY CRITERIA
3.2
The medium-term (2026 to 2035) GHG reduction target covers at least 95% of Scope 1 & 2 emissions and the most relevant Scope 3 emissions (where applicable).
NO, DOES NOT MEET ANY CRITERIA
a
The company has specified that this target covers at least 95% of its total Scope 1 and 2 emissions.
NO, DOES NOT MEET ANY CRITERIA
b
If the company has set a Scope 3 GHG emissions target, it covers the most relevant Scope 3 emissions categories for the company’s sector (for applicable sectors), and the company has published the methodology used to establish any Scope 3 target.
NOT APPLICABLE
3.3
The target (or, in the absence of a target, the company’s latest disclosed GHG emissions intensity) is aligned with the goal of limiting global warming to 1.5°C.
NO, DOES NOT MEET ANY CRITERIA

4.1
The company has set a target for reducing its GHG emissions up to 2025 on a clearly defined scope of emissions.
NO, DOES NOT MEET ANY CRITERIA
4.2
The short-term (up to 2025) GHG reduction target covers at least 95% of Scope 1 and 2 emissions and the most relevant Scope 3 emissions (where applicable).
NO, DOES NOT MEET ANY CRITERIA
a
The company has specified that this target covers at least 95% of its total Scope 1 and 2 emissions.
NO, DOES NOT MEET ANY CRITERIA
b
If the company has set a Scope 3 GHG emissions target, it covers the most relevant Scope 3 emissions categories for the company’s sector (for applicable sectors), and the company has published the methodology used to establish any Scope 3 target.
NOT APPLICABLE
4.3
The target (or, in the absence of a target, the company’s latest disclosed GHG emissions intensity) is aligned with the goal of limiting global warming to 1.5°C.
NO, DOES NOT MEET ANY CRITERIA

Indicator 5 is sector neutral, assessing the key elements that should comprise any company decarbonisation strategy. See sector-specific expectations in the Climate Action 100+ Global Sector Strategies. Implementation approaches will be adapted regionally.

5.1
The company has a decarbonisation strategy that explains how it intends to meet its long and medium-term GHG reduction targets.
NO, DOES NOT MEET ANY CRITERIA
a
The company identifies the set of actions it intends to take to achieve its GHG reduction targets over the targeted timeframe. These measures clearly refer to the main sources of its GHG emissions, including Scope 3 emissions where applicable.
NO, DOES NOT MEET ANY CRITERIA
b
The company quantifies key elements of this strategy with respect to the major sources of its emissions, including Scope 3 emissions where applicable.
NO, DOES NOT MEET ANY CRITERIA
5.2
The company’s decarbonisation strategy (target delivery) specifies the role of ‘green revenues’ from low carbon products and services.
NOT CURRENTLY ASSESSED
a
The company already generates ‘green revenues’ and discloses their share in overall sales.
NOT CURRENTLY ASSESSED
b
The company has set a target to increase the share of ‘green revenues’ in its overall sales OR discloses the ‘green revenue’ share that is above sector average.
NOT CURRENTLY ASSESSED

6.1
The company is working to decarbonise its capital expenditures.
NO, DOES NOT MEET ANY CRITERIA
a
The company explicitly commits to align its capital expenditure plans with its long-term GHG reduction target OR to phase out planned expenditure in unabated carbon intensive assets or products.
NO, DOES NOT MEET ANY CRITERIA
b
The company explicitly commits to align its capital expenditure plans with the Paris Agreement’s objective of limiting global warming to 1.5° Celsius AND to phase out investment in unabated carbon intensive assets or products.
NO, DOES NOT MEET ANY CRITERIA
6.2
The company discloses the methodology used to determine the Paris alignment of its future capital expenditures.
NO, DOES NOT MEET ANY CRITERIA
a
The company discloses the methodology and criteria it uses to assess the alignment of its capital expenditure plans with its decarbonisation goals, including key assumptions and key performance indicators (KPIs).
NO, DOES NOT MEET ANY CRITERIA
b
The methodology quantifies key outcomes, including the percentage share of its capital expenditures that is invested in carbon intensive assets or products, and the year in which capital expenditures in such assets will peak.
NO, DOES NOT MEET ANY CRITERIA

7.1
The company has a Paris Agreement-aligned climate lobbying position and all of its direct lobbying activities are aligned with this.
PARTIAL, MEETS SOME CRITERIA
a
The company has a specific commitment/position statement to conduct all of its lobbying in line with the goals of the Paris Agreement.
NO, DOES NOT MEET ANY CRITERIA
b
The company lists its climate-related lobbying activities, e.g. meetings, policy submissions, etc.
YES, MEETS ALL CRITERIA
7.2
The company has Paris Agreement-aligned lobbying expectations for its trade associations, and it discloses its trade association memberships.
PARTIAL, MEETS SOME CRITERIA
a
The company has a specific commitment to ensure that the trade associations the company is a member of lobby in line with the goals of the Paris Agreement.
NO, DOES NOT MEET ANY CRITERIA
b
The company discloses its trade associations memberships.
YES, MEETS ALL CRITERIA
7.3
The company has a process to ensure its trade associations lobby in accordance with the Paris Agreement.
NO, DOES NOT MEET ANY CRITERIA
a
The company conducts and publishes a review of its trade associations’ climate positions/alignment with the Paris Agreement.
NO, DOES NOT MEET ANY CRITERIA
b
The company explains what actions it took as a result of this review.
NO, DOES NOT MEET ANY CRITERIA

8.1
The company’s board has clear oversight of climate change.
PARTIAL, MEETS SOME CRITERIA
a

The company discloses evidence of board or board committee oversight of the management of climate change risks via at least one of the following:

• There is a C-suite executive or member of the executive committee that is explicitly responsible for climate change (not just sustainability performance) and that executive reports to the board or a board level committee, and/or;

 

• The CEO is responsible for climate change AND he/she reports to the board on climate change issues, and/or;

 

• There is a committee (not necessarily a board-level committee) responsible for climate change (not just sustainability performance) and that committee reports to the board or a board-level committee. 

 

YES, MEETS ALL CRITERIA
b

The company has named a position at the board level with responsibility for climate change, via one of the following:

 

• A board position with explicit responsibility for climate change, or;

 

• CEO is identified as responsible for climate change, if he/she sits on the board.  
 

NO, DOES NOT MEET ANY CRITERIA
8.2
The company’s executive remuneration scheme incorporates climate change performance elements.
NO, DOES NOT MEET ANY CRITERIA
a
The company’s CEO and/or at least one other senior executive’s remuneration arrangements specifically incorporate climate change performance as a KPI determining performance-linked compensation (reference to ‘ESG’ or ‘sustainability performance’ are insufficient).
NO, DOES NOT MEET ANY CRITERIA
b
The company’s CEO and/or at least one other senior executive’s remuneration arrangements incorporate progress towards achieving the company’s GHG reduction targets as a KPI determining performance linked compensation (requires meeting relevant target indicators 2, 3, and/or 4).
NO, DOES NOT MEET ANY CRITERIA
8.3
The board has sufficient capabilities/competencies to assess and manage climate related risks and opportunities. [Beta]
NOT CURRENTLY ASSESSED
a
The company has assessed its board competencies with respect to managing climate risks and discloses the results of the assessment.
NOT CURRENTLY ASSESSED
b
The company provides details on the criteria it uses to assess the board competencies with respect to managing climate risks and/or the measures it is taking to enhance these competencies.
NOT CURRENTLY ASSESSED

9.1
Acknowledgement
NOT CURRENTLY ASSESSED
a
The company has made a formal statement recognising the social impacts of their climate change strategy—the Just Transition—as a relevant issue for its business.
NOT CURRENTLY ASSESSED
b
The company has explicitly referenced the Paris Agreement on Climate Change and/or the International Labour Organisation’s (ILO’s) Just Transition Guidelines).
NOT CURRENTLY ASSESSED
9.2
Commitment: The company has committed to Just Transition principles.
NOT CURRENTLY ASSESSED
a
The company has published a policy committing it to decarbonise in line with Just Transition principles.
NOT CURRENTLY ASSESSED
b
The company has committed to retain, retrain, redeploy and/or compensate workers affected by decarbonisation.
NOT CURRENTLY ASSESSED
9.3
Engagement: The company engages with its stakeholders on Just Transition.
NOT CURRENTLY ASSESSED
a
The company, in partnership with its workers, unions, communities and suppliers has developed a Just Transition Plan.
NOT CURRENTLY ASSESSED
9.4
Action: The company commits to a decarbonisation strategy in line with Just Transition principles.
NOT CURRENTLY ASSESSED
a
The company supports low-carbon initiatives (e.g. regeneration, access to clean and affordable energy, site repurposing) in regions affected by decarbonisation.
NOT CURRENTLY ASSESSED
b
The company ensures that its decarbonisation efforts and new projects are developed in consultation with and seek the consent of affected communities.
NOT CURRENTLY ASSESSED
c
The company takes action to support financially vulnerable customers that are adversely affected by the company’s decarbonisation strategy.
NOT CURRENTLY ASSESSED

10.1
The company has committed to implement the recommendations of the Task Force on Climate related Financial Disclosures (TCFD).
YES, MEETS ALL CRITERIA
a
The company explicitly commits to align its disclosures with the TCFD recommendations OR it is listed as a supporter on the TCFD website.
YES, MEETS ALL CRITERIA
b
The company explicitly sign-posts TCFD aligned disclosures in its annual reporting or publishes them in a TCFD report.
YES, MEETS ALL CRITERIA
10.2
The company employs climate-scenario planning to test its strategic and operational resilience.
YES, MEETS ALL CRITERIA
a
The company has conducted a climate-related scenario analysis including quantitative elements and disclosed its results.
YES, MEETS ALL CRITERIA
b
The quantitative scenario analysis explicitly includes a 1.5° Celsius scenario, covers the entire company, discloses key assumptions and variables used, and reports on the key risks and opportunities identified.
YES, MEETS ALL CRITERIA

Notes

Alignment Assessments (formerly called Capital Allocation Assessment Indicators) complement the Disclosure Framework. They provide independent evaluations of the alignment and adequacy of company actions with the goals of Climate Action 100+ and the Paris Agreement.

These assessments from Carbon Tracker Initiative (CTI) and the Climate Accounting and Audit Project (CAAP) evaluate whether a company’s financial statements and related disclosures, and the auditor’s report thereon, reflect the financial effects of climate risk and the global move onto a 2050 (or sooner) net zero greenhouse gas emissions pathway and the Paris Agreement goal of limiting global warming to no more than 1.5°C. The financial statements reviewed are as of 31 December 2021. Download CTI and CAAP’s Climate Accounting and Audit assessment methodology to learn more.

This assessment is provisional, meaning that information will be collected and publicly assessed as part of the October 2022 Benchmark Assessments, but the assessment framework will be subject to change in future iterations.

Climate Accounting and Audit (Overall Score)
1
The audited financial statements and notes thereto incorporate material climate-related matters.
NO, DOES NOT MEET ANY CRITERIA
a
The financial statements demonstrate how material climate-related matters are incorporated.
NO, DOES NOT MEET ANY CRITERIA
b
The financial statements disclose the quantitative climate-related assumptions and estimates.
NO, DOES NOT MEET ANY CRITERIA
c
The financial statements are consistent with the company’s other reporting.
NO, DOES NOT MEET ANY CRITERIA
2
The audit report demonstrates that the auditor considered the effects of material climate-related matters in its audit.
NO, DOES NOT MEET ANY CRITERIA
a
The audit report identifies how the auditor has assessed the material impacts of climate-related matters.
NO, DOES NOT MEET ANY CRITERIA
b
The audit report identifies inconsistencies between the financial statements and ‘other information’.
NO, DOES NOT MEET ANY CRITERIA
3
The audited financial statements and notes thereto incorporate the material impacts of the global drive to net zero greenhouse gas (GHG) emissions by 2050 (or sooner) which for the purpose of this assessment is considered to be equivalent to achieving the Paris Agreement goal of limiting global warming to no more than 1.5°C.
NO, DOES NOT MEET ANY CRITERIA
a
The financial statements use, or disclose a sensitivity to, assumptions and estimates that are aligned with achieving net zero GHG emissions by 2050 (or sooner).
NO, DOES NOT MEET ANY CRITERIA
b
The audit report identifies that the assumptions and estimates that the company used were aligned with achieving net zero GHG emissions by 2050 (or sooner) or provides a sensitivity analysis on the potential implications.
NO, DOES NOT MEET ANY CRITERIA

These alignment assessments from the Rocky Mountain Institute (RMI) are made using the PACTA methodology and data provided by Asset Resolution. They analyse aviation companies’ passenger airline services and associated emissions intensities relative to selected climate change scenarios. The assessments give investors insights on the relative alignment of the company’s services with the Paris Agreement goals. Results are provided for both 2019 and 2022, in order to provide a pre-Covid19 pandemic baseline for passenger airline activity. Download RMI’s aviation assessment methodology to learn more.

Company emissions intensity in 2019
136g CO2/revenue passenger km
Distance from 2019 emissions intensity to alignment with the International Energy Agency’s (IEA) Beyond 2°C Scenario target in 2030
B2DS Significant distance
Company emissions intensity in 2021
118g CO2/revenue passenger km
Distance from 2021 emissions intensity to alignment with the IEA’s B2DS target in 2030
B2DS Significant distance

InfluenceMap provides detailed analyses of corporate climate policy engagement and the alignment of company climate policy engagement actions (direct and indirect via their industry associations) with the Paris Agreement goals. These scores reflect InfluenceMap’s assessment as of the 1st September 2022. Up-to-date scores, which are refreshed on a continual basis, can be found here. Download InfluenceMap’s climate policy engagement assessment methodology to learn more.

Organisation Score (0-100%)

The level of company support for (or opposition to) Paris-aligned climate policy.

50%
Relationship Score (0-100%)

The level of a company’s industry associations’ support for (or opposition to) Paris-aligned climate policy.

36%
Engagement Intensity Score (0-100%)

The level of a company’s direct climate policy engagement (positive or negative).

19%

Notes

The disclosure framework evaluates the adequacy of corporate disclosure in relation to key actions companies can take to align their businesses with the Climate Action 100+ and Paris Agreement goals. The framework reflects publicly disclosed information as of December 31, 2021 and is assessed by the Transition Pathway Initiative. Download the disclosure framework methodology to learn more.

1.1
The company has set an ambition to achieve net zero GHG emissions by 2050 or sooner.
YES, MEETS ALL CRITERIA
a
The company has made a qualitative net zero GHG emissions ambition statement that explicitly includes at least 95% of its Scope 1 and 2 emissions.
YES, MEETS ALL CRITERIA
b
The company’s net zero GHG emissions ambition covers the most relevant Scope 3 GHG emissions categories for the company’s sector, where applicable.
NOT APPLICABLE

2.1
The company has set a target for reducing its GHG emissions by between 2036 and 2050 on a clearly defined scope of emissions.
YES, MEETS ALL CRITERIA
2.2
The long-term (2036 to 2050) GHG reduction target covers at least 95% of Scope 1 & 2 emissions and the most relevant Scope 3 emissions (where applicable).
YES, MEETS ALL CRITERIA
a
The company has specified that this target covers at least 95% of its total Scope 1 and 2 emissions.
YES, MEETS ALL CRITERIA
b
If the company has set a Scope 3 GHG emissions target, it covers the most relevant Scope 3 emissions categories for the company’s sector (for applicable sectors), and the company has published the methodology used to establish any Scope 3 target.
NOT APPLICABLE
2.3
The target (or, in the absence of a target, the company’s latest disclosed GHG emissions intensity) is aligned with the goal of limiting global warming to 1.5°C.
NO, DOES NOT MEET ANY CRITERIA

3.1
The company has set a target for reducing its GHG emissions by between 2026 and 2035 on a clearly defined scope of emissions.
NO, DOES NOT MEET ANY CRITERIA
3.2
The medium-term (2026 to 2035) GHG reduction target covers at least 95% of Scope 1 & 2 emissions and the most relevant Scope 3 emissions (where applicable).
NO, DOES NOT MEET ANY CRITERIA
a
The company has specified that this target covers at least 95% of its total Scope 1 and 2 emissions.
NO, DOES NOT MEET ANY CRITERIA
b
If the company has set a Scope 3 GHG emissions target, it covers the most relevant Scope 3 emissions categories for the company’s sector (for applicable sectors), and the company has published the methodology used to establish any Scope 3 target.
NOT APPLICABLE
3.3
The target (or, in the absence of a target, the company’s latest disclosed GHG emissions intensity) is aligned with the goal of limiting global warming to 1.5°C.
NO, DOES NOT MEET ANY CRITERIA

4.1
The company has set a target for reducing its GHG emissions up to 2025 on a clearly defined scope of emissions.
NO, DOES NOT MEET ANY CRITERIA
4.2
The short-term (up to 2025) GHG reduction target covers at least 95% of Scope 1 and 2 emissions and the most relevant Scope 3 emissions (where applicable).
NO, DOES NOT MEET ANY CRITERIA
a
The company has specified that this target covers at least 95% of its total Scope 1 and 2 emissions.
NO, DOES NOT MEET ANY CRITERIA
b
If the company has set a Scope 3 GHG emissions target, it covers the most relevant Scope 3 emissions categories for the company’s sector (for applicable sectors), and the company has published the methodology used to establish any Scope 3 target.
NOT APPLICABLE
4.3
The target (or, in the absence of a target, the company’s latest disclosed GHG emissions intensity) is aligned with the goal of limiting global warming to 1.5°C.
NO, DOES NOT MEET ANY CRITERIA

Indicator 5 is sector neutral, assessing the key elements that should comprise any company decarbonisation strategy. Sector-specific expectations can be found in the Climate Action 100+ Global Sector Strategies. Implementation approaches will be adapted regionally.

5.1
The company has a decarbonisation strategy that explains how it intends to meet its long and medium-term GHG reduction targets.
PARTIAL, MEETS SOME CRITERIA
a
The company identifies the set of actions it intends to take to achieve its GHG reduction targets over the targeted timeframe. These measures clearly refer to the main sources of its GHG emissions, including Scope 3 emissions where applicable.
YES, MEETS ALL CRITERIA
b
The company quantifies key elements of this strategy with respect to the major sources of its emissions, including Scope 3 emissions where applicable.
NO, DOES NOT MEET ANY CRITERIA
5.2
The company’s decarbonisation strategy (target delivery) specifies the role of ‘green revenues’ from low carbon products and services.
NOT CURRENTLY ASSESSED
a
The company already generates ‘green revenues’ and discloses their share in overall sales.
NOT CURRENTLY ASSESSED
b
The company has set a target to increase the share of ‘green revenues’ in its overall sales OR discloses the ‘green revenue’ share that is above sector average.
NOT CURRENTLY ASSESSED

6.1
The company is working to decarbonise its capital expenditures.
NO, DOES NOT MEET ANY CRITERIA
a
The company explicitly commits to align its capital expenditure plans with its long-term GHG reduction target OR to phase out planned expenditure in unabated carbon intensive assets or products.
NO, DOES NOT MEET ANY CRITERIA
b
The company explicitly commits to align its capital expenditure plans with the Paris Agreement’s objective of limiting global warming to 1.5° Celsius AND to phase out investment in unabated carbon intensive assets or products.
NO, DOES NOT MEET ANY CRITERIA
6.2
The company discloses the methodology used to determine the Paris alignment of its future capital expenditures.
NO, DOES NOT MEET ANY CRITERIA
a
The company discloses the methodology and criteria it uses to assess the alignment of its capital expenditure plans with its decarbonisation goals, including key assumptions and key performance indicators (KPIs).
NO, DOES NOT MEET ANY CRITERIA
b
The methodology quantifies key outcomes, including the percentage share of its capital expenditures that is invested in carbon intensive assets or products, and the year in which capital expenditures in such assets will peak.
NO, DOES NOT MEET ANY CRITERIA

7.1
The company has a Paris Agreement-aligned climate lobbying position and all of its direct lobbying activities are aligned with this.
PARTIAL, MEETS SOME CRITERIA
a
The company has a specific commitment/position statement to conduct all of its lobbying in line with the goals of the Paris Agreement.
NO, DOES NOT MEET ANY CRITERIA
b
The company lists its climate-related lobbying activities, e.g. meetings, policy submissions, etc.
YES, MEETS ALL CRITERIA
7.2
The company has Paris Agreement-aligned lobbying expectations for its trade associations, and it discloses its trade association memberships.
PARTIAL, MEETS SOME CRITERIA
a
The company has a specific commitment to ensure that the trade associations the company is a member of lobby in line with the goals of the Paris Agreement.
NO, DOES NOT MEET ANY CRITERIA
b
The company discloses its trade associations memberships.
YES, MEETS ALL CRITERIA
7.3
The company has a process to ensure its trade associations lobby in accordance with the Paris Agreement.
NO, DOES NOT MEET ANY CRITERIA
a
The company conducts and publishes a review of its trade associations’ climate positions/alignment with the Paris Agreement.
NO, DOES NOT MEET ANY CRITERIA
b
The company explains what actions it took as a result of this review.
NO, DOES NOT MEET ANY CRITERIA

8.1
The company’s board has clear oversight of climate change.
PARTIAL, MEETS SOME CRITERIA
a

The company discloses evidence of board or board committee oversight of the management of climate change risks via at least one of the following:

• There is a C-suite executive or member of the executive committee that is explicitly responsible for climate change (not just sustainability performance) and that executive reports to the board or a board level committee, and/or;

 

• The CEO is responsible for climate change AND he/she reports to the board on climate change issues, and/or;

 

• There is a committee (not necessarily a board-level committee) responsible for climate change (not just sustainability performance) and that committee reports to the board or a board-level committee. 

 

YES, MEETS ALL CRITERIA
b

The company has named a position at the board level with responsibility for climate change, via one of the following:

 

• A board position with explicit responsibility for climate change, or;

 

• CEO is identified as responsible for climate change, if he/she sits on the board.  
 

NO, DOES NOT MEET ANY CRITERIA
8.2
The company’s executive remuneration scheme incorporates climate change performance elements.
NO, DOES NOT MEET ANY CRITERIA
a
The company’s CEO and/or at least one other senior executive’s remuneration arrangements specifically incorporate climate change performance as a KPI determining performance-linked compensation (reference to ‘ESG’ or ‘sustainability performance’ are insufficient).
NO, DOES NOT MEET ANY CRITERIA
b
The company’s CEO and/or at least one other senior executive’s remuneration arrangements incorporate progress towards achieving the company’s GHG reduction targets as a KPI determining performance linked compensation (requires meeting relevant target indicators 2, 3, and/or 4).
NO, DOES NOT MEET ANY CRITERIA
8.3
The board has sufficient capabilities/competencies to assess and manage climate related risks and opportunities. [Beta]
NOT CURRENTLY ASSESSED
a
The company has assessed its board competencies with respect to managing climate risks and discloses the results of the assessment.
NOT CURRENTLY ASSESSED
b
The company provides details on the criteria it uses to assess the board competencies with respect to managing climate risks and/or the measures it is taking to enhance these competencies.
NOT CURRENTLY ASSESSED

9.1
Acknowledgement
NOT CURRENTLY ASSESSED
a
The company has made a formal statement recognising the social impacts of their climate change strategy—the Just Transition—as a relevant issue for its business.
NOT CURRENTLY ASSESSED
b
The company has explicitly referenced the Paris Agreement on Climate Change and/or the International Labour Organisation’s (ILO’s) Just Transition Guidelines).
NOT CURRENTLY ASSESSED
9.2
Commitment: The company has committed to Just Transition principles.
NOT CURRENTLY ASSESSED
a
The company has published a policy committing it to decarbonise in line with Just Transition principles.
NOT CURRENTLY ASSESSED
b
The company has committed to retain, retrain, redeploy and/or compensate workers affected by decarbonisation.
NOT CURRENTLY ASSESSED
9.3
Engagement: The company engages with its stakeholders on Just Transition.
NOT CURRENTLY ASSESSED
a
The company, in partnership with its workers, unions, communities and suppliers has developed a Just Transition Plan.
NOT CURRENTLY ASSESSED
9.4
Action: The company commits to a decarbonisation strategy in line with Just Transition principles.
NOT CURRENTLY ASSESSED
a
The company supports low-carbon initiatives (e.g. regeneration, access to clean and affordable energy, site repurposing) in regions affected by decarbonisation.
NOT CURRENTLY ASSESSED
b
The company ensures that its decarbonisation efforts and new projects are developed in consultation with and seek the consent of affected communities.
NOT CURRENTLY ASSESSED
c
The company takes action to support financially vulnerable customers that are adversely affected by the company’s decarbonisation strategy.
NOT CURRENTLY ASSESSED

10.1
The company has committed to implement the recommendations of the Task Force on Climate related Financial Disclosures (TCFD).
YES, MEETS ALL CRITERIA
a
The company explicitly commits to align its disclosures with the TCFD recommendations OR it is listed as a supporter on the TCFD website.
YES, MEETS ALL CRITERIA
b
The company explicitly sign-posts TCFD aligned disclosures in its annual reporting or publishes them in a TCFD report.
YES, MEETS ALL CRITERIA
10.2
The company employs climate-scenario planning to test its strategic and operational resilience.
NO, DOES NOT MEET ANY CRITERIA
a
The company has conducted a climate-related scenario analysis including quantitative elements and disclosed its results.
NO, DOES NOT MEET ANY CRITERIA
b
The quantitative scenario analysis explicitly includes a 1.5° Celsius scenario, covers the entire company, discloses key assumptions and variables used, and reports on the key risks and opportunities identified.
NO, DOES NOT MEET ANY CRITERIA

Notes

Alignment Assessments (formerly called Capital Allocation Assessment Indicators) complement the Disclosure Framework. They provide independent evaluations of the alignment and adequacy of company actions with the goals of Climate Action 100+ and the Paris Agreement.

These assessments from Carbon Tracker Initiative (CTI) and the Climate Accounting and Audit Project (CAAP) evaluate whether a company’s financial statements and related disclosures, and the auditor’s report thereon, reflect the financial effects of climate risk and the global move onto a 2050 (or sooner) net zero greenhouse gas emissions pathway and the Paris Agreement goal of limiting global warming to no more than 1.5°C. This assessment is provisional, meaning that information will be collected and publicly assessed as part of the March 2022 Climate Action 100+ Net Zero Company Benchmark, but the assessment framework will be subject to change in future iterations.

The financial statements reviewed are as of 31 December 2020.

Download CTI and CAAP’s Climate Accounting and Audit assessment methodology to learn more.

Climate Accounting and Audit (Overall Score)
1
The audited financial statements and notes thereto incorporate material climate-related matters.
NO, DOES NOT MEET ANY CRITERIA
a
The financial statements demonstrate how material climate-related matters are incorporated.
NO, DOES NOT MEET ANY CRITERIA
b
The financial statements disclose the quantitative climate-related assumptions and estimates.
NO, DOES NOT MEET ANY CRITERIA
c
The financial statements are consistent with the company’s other reporting.
NO, DOES NOT MEET ANY CRITERIA
2
The audit report demonstrates that the auditor considered the effects of material climate-related matters in its audit.
NO, DOES NOT MEET ANY CRITERIA
a
The audit report identifies how the auditor has assessed the material impacts of climate-related matters.
NO, DOES NOT MEET ANY CRITERIA
b
The audit report identifies inconsistencies between the financial statements and ‘other information’.
NO, DOES NOT MEET ANY CRITERIA
3
The audited financial statements and notes thereto incorporate the material impacts of the global drive to net zero greenhouse gas (GHG) emissions by 2050 (or sooner) which for the purpose of this assessment is considered to be equivalent to achieving the Paris Agreement goal of limiting global warming to no more than 1.5°C.
NO, DOES NOT MEET ANY CRITERIA
a
The financial statements use, or disclose a sensitivity to, assumptions and estimates that are aligned with achieving net zero GHG emissions by 2050 (or sooner).
NO, DOES NOT MEET ANY CRITERIA
b
The audit report identifies that the assumptions and estimates that the company used were aligned with achieving net zero GHG emissions by 2050 (or sooner) or provides a sensitivity analysis on the potential implications.
NO, DOES NOT MEET ANY CRITERIA

These alignment assessments from the 2 Degrees Investing Initiative (2DII) are made using the PACTA methodology and data provided by Asset Resolution. They analyse aviation companies’ passenger airline services and associated emissions intensities relative to selected climate change scenarios. The assessments give investors insights on the relative alignment of the company’s services with the Paris Agreement goals. Results are provided for both 2019 and 2021, in order to provide a pre-Covid19 pandemic baseline for passenger airline activity. Download 2DII’s assessment methodology to learn more.

Company emissions intensity in 2019
136g CO2/revenue passenger km
Distance from 2019 emissions intensity to alignment with the International Energy Agency’s (IEA) Beyond 2°C Scenario target in 2030
Significant distance
Company emissions intensity in 2021
113g CO2/revenue passenger km
Distance from 2021 emissions intensity to alignment with the IEA’s B2DS target in 2030
Significant distance

InfluenceMap provides detailed analyses of corporate climate policy engagement and the alignment of company climate policy engagement actions (direct and indirect via their industry associations) with the Paris Agreement goals. These scores reflect InfluenceMap’s assessment as of 24 January 2022.Up-to-date scores, which are refreshed on a continual basis, can be found here. Download InfluenceMap’s climate policy engagement assessment methodology to learn more.

Organisation Score (0-100%)

The level of company support for (or opposition to) Paris-aligned climate policy.

44%
Relationship Score (0-100%)

The level of a company’s industry associations’ support for (or opposition to) Paris-aligned climate policy.

37%
Engagement Intensity Score (0-100%)

The level of a company’s direct climate policy engagement (positive or negative).

13%

Notes

Assessments of the company’s publicly disclosed information against each indicator, sub-indicator, and metric provide information on the company’s alignment with the Climate Action 100+ goals. The disclosure assessment indicators reflect publicly disclosed information as of January 22, 2021. The Transition Pathway Initiative (TPI), supported by its research and data partners the Grantham Research Institute on Climate Change and the Environment at the London School of Economics (LSE) and FTSE Russell, conducted the company disclosure research and analysis. InfluenceMap provided independent analysis of the company’s corporate climate lobbying practices (indicator 7).

1.1
The company has set an ambition to achieve net-zero GHG emissions by 2050 or sooner.
YES, MEETS ALL CRITERIA
a
The company has made a qualitative net-zero GHG emissions ambition statement that explicitly includes at least 95% of scope 1 and 2 emissions.
YES, MEETS ALL CRITERIA
b
The company’s net-zero GHG emissions ambition covers the most relevant scope 3 GHG emissions categories for the company’s sector, where applicable.
NOT APPLICABLE

2.1
The company has set a target for reducing its GHG emissions by between 2036 and 2050 on a clearly defined scope of emissions.
YES, MEETS ALL CRITERIA
2.2
The long-term (2036 to 2050) GHG reduction target covers at least 95% of scope 1 & 2 emissions and the most relevant scope 3 emissions (where applicable).
YES, MEETS ALL CRITERIA
a
The company has specified that this target covers at least 95% of total scope 1 and 2 emissions.
YES, MEETS ALL CRITERIA
b
If the company has set a scope 3 GHG emissions target, it covers the most relevant scope 3 emissions categories for the company’s sector (for applicable sectors), and the company has published the methodology used to establish any scope 3 target.
NOT APPLICABLE
2.3
The target (or, in the absence of a target, the company's latest disclosed GHG emissions intensity) is aligned with the goal of limiting global warming to 1.5°C.*
NO, DOES NOT MEET ANY CRITERIA

3.1
The company has set a target for reducing its GHG emissions by between 2026 and 2035 on a clearly defined scope of emissions.
YES, MEETS ALL CRITERIA
3.2
The medium-term (2026 to 2035) GHG reduction target covers at least 95% of scope 1 & 2 emissions and the most relevant scope 3 emissions (where applicable).
YES, MEETS ALL CRITERIA
a
The company has specified that this target covers at least 95% of total scope 1 and 2 emissions.
YES, MEETS ALL CRITERIA
b
If the company has set a scope 3 GHG emissions target, it covers the most relevant scope 3 emissions categories for the company’s sector (for applicable sectors), and the company has published the methodology used to establish any scope 3 target.
NOT APPLICABLE
3.3
The target (or, in the absence of a target, the company's latest disclosed GHG emissions intensity) is aligned with the goal of limiting global warming to 1.5°C.*
NO, DOES NOT MEET ANY CRITERIA

4.1
The company has set a target for reducing its GHG emissions up to 2025 on a clearly defined scope of emissions.
NO, DOES NOT MEET ANY CRITERIA
4.2
The short-term (up to 2025) GHG reduction target covers at least 95% of scope 1 & 2 emissions and the most relevant scope 3 emissions (where applicable).
NO, DOES NOT MEET ANY CRITERIA
a
The company has specified that this target covers at least 95% of total scope 1 and 2 emissions.
NO, DOES NOT MEET ANY CRITERIA
b
If the company has set a scope 3 GHG emissions target, it covers the most relevant scope 3 emissions categories for the company’s sector (for applicable sectors), and the company has published the methodology used to establish any scope 3 target.
NOT APPLICABLE
4.3
The target (or, in the absence of a target, the company's latest disclosed GHG emissions intensity) is aligned with the goal of limiting global warming to 1.5°C.*
NO, DOES NOT MEET ANY CRITERIA

5.1
The company has a decarbonisation strategy to meet its long and medium-term GHG reduction targets.
NO, DOES NOT MEET ANY CRITERIA
a
The company identifies the set of actions it intends to take to achieve its GHG reduction targets over the targeted time frame. These measures clearly refer to the main sources of its GHG emissions, including scope 3 emissions where applicable.
NO, DOES NOT MEET ANY CRITERIA
b
The company quantifies key elements of this strategy with respect to the major sources of its emissions, including scope 3 emissions where applicable.
NO, DOES NOT MEET ANY CRITERIA
5.2
The company’s decarbonisation strategy includes a commitment to ‘green revenues’ from low carbon products and services.
NOT CURRENTLY ASSESSED
a
The company already generates ‘green revenues’ and discloses their share in overall sales.
NOT CURRENTLY ASSESSED
b
The company has set a target to increase the share of ‘green revenues’ in its overall sales OR discloses the ‘green revenue’ share that is above sector average.
NOT CURRENTLY ASSESSED

6.1
The company is working to decarbonise its future capital expenditures.
NO, DOES NOT MEET ANY CRITERIA
a
The company explicitly commits to align future capital expenditures with its long-term GHG reduction target(s).
NO, DOES NOT MEET ANY CRITERIA
b
The company explicitly commits to align future capital expenditures with the Paris Agreement’s objective of limiting global warming to 1.5° Celsius.
NO, DOES NOT MEET ANY CRITERIA
6.2
The company discloses the methodology used to determine the Paris alignment of its future capital expenditures.
NO, DOES NOT MEET ANY CRITERIA
a
The company discloses the methodology it uses to align its future capital expenditures with its decarbonisation goals, including key assumptions and key performance indicators (KPIs).
NO, DOES NOT MEET ANY CRITERIA
b
The methodology quantifies key outcomes, including the share of its future capital expenditures that are aligned with a 1.5° Celsius scenario, and the year in which capital expenditures in carbon intensive assets will peak.
NO, DOES NOT MEET ANY CRITERIA

InfluenceMap provides detailed Paris-aligned analysis of corporate climate lobbying independently of the Climate Action 100+ Net-Zero Company Benchmark.

See the individual company profile here.

Explore InfluenceMap’s full ranking of Climate Action 100+ focus companies.

7.1
The company has a Paris-Agreement-aligned climate lobbying position and all of its direct lobbying activities are aligned with this.
NO, DOES NOT MEET ANY CRITERIA
a
The company has a specific commitment/position statement to conduct all of its lobbying in line with the goals of the Paris Agreement.
NO, DOES NOT MEET ANY CRITERIA
b
The company lists its climate-related lobbying activities, e.g., meetings, policy submissions, etc.
NO, DOES NOT MEET ANY CRITERIA
7.2
The company has Paris-Agreement-aligned lobbying expectations for its trade associations, and it discloses its trade association memberships.
NO, DOES NOT MEET ANY CRITERIA
a
The company has a specific commitment to ensure that the trade associations the company is a member of lobby in line with the goals of the Paris Agreement.
NO, DOES NOT MEET ANY CRITERIA
b
The company discloses its trade associations memberships.
NO, DOES NOT MEET ANY CRITERIA
7.3
The company has a process to ensure its trade associations lobby in accordance with the Paris Agreement.
NO, DOES NOT MEET ANY CRITERIA
a
The company conducts and publishes a review of its trade associations’ climate positions/alignment with the Paris Agreement.
NO, DOES NOT MEET ANY CRITERIA
b
The company explains what actions it took as a result of this review.
NO, DOES NOT MEET ANY CRITERIA

8.1
The company’s board has clear oversight of climate change.
PARTIAL, MEETS SOME CRITERIA
a

The company discloses evidence of board or board committee oversight of the management of climate change risks via at least one of the following:

 

• There is a C-suite executive or member of the executive committee that is explicitly responsible for climate change (not just sustainability performance) and that executive reports to the board or a board level committee, and/or;

 

• The CEO is responsible for climate change AND he/she reports to the board on climate change issues, and/or;

 

• There is a committee (not necessarily a board-level committee) responsible for climate change (not just sustainability performance) and that committee reports to the board or a board-level committee.

 

YES, MEETS ALL CRITERIA
b

The company has named a position at the board level with responsibility for climate change, via one of the following:

 

• A board position with explicit responsibility for climate change, or;

 

• CEO is identified as responsible for climate change, if he/she sits on the board.

 

NO, DOES NOT MEET ANY CRITERIA
8.2
The company’s executive remuneration scheme incorporates climate change performance elements.
NO, DOES NOT MEET ANY CRITERIA
a
The company’s CEO and/or at least one other senior executive’s remuneration arrangements specifically incorporate climate change performance as a KPI determining performance-linked compensation (reference to ‘ESG’ or ‘sustainability performance’ are insufficient).
NO, DOES NOT MEET ANY CRITERIA
b
The company’s CEO and/or at least one other senior executive’s remuneration arrangements incorporate progress towards achieving the company’s GHG reduction targets as a KPI determining performance linked compensation (requires meeting relevant target indicators 2, 3, and/or 4).
NO, DOES NOT MEET ANY CRITERIA
8.3
The board has sufficient capabilities/competencies to assess and manage climate related risks and opportunities.
NOT CURRENTLY ASSESSED
a
The company has assessed its board competencies with respect to managing climate risks and discloses the results of the assessment.
NOT CURRENTLY ASSESSED
b
The company provides details on the criteria it uses to assess the board competencies with respect to managing climate risks and/or the measures it is taking to enhance these competencies.
NOT CURRENTLY ASSESSED

10.1
The company has committed to implement the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
YES, MEETS ALL CRITERIA
a
The company explicitly commits to align its disclosures with the TCFD recommendations OR it is listed as a supporter on the TCFD website.
YES, MEETS ALL CRITERIA
b
The company explicitly sign-posts TCFD aligned disclosures in its annual reporting or publishes them in a TCFD report.
YES, MEETS ALL CRITERIA
10.2
The company employs climate-scenario planning to test its strategic and operational resilience.
NO, DOES NOT MEET ANY CRITERIA
a
The company has conducted a climate-related scenario analysis including quantitative elements and disclosed its results.
NO, DOES NOT MEET ANY CRITERIA
b
The quantitative scenario analysis explicitly includes a 1.5° Celsius scenario, covers the entire company, discloses key assumptions and variables used, and reports on the key risks and opportunities identified.
NO, DOES NOT MEET ANY CRITERIA

Notes

*In the absence of a credible 1.5°C scenario, companies have been measured against a best-available below 2°C scenario. Company assessments will be adjusted when a credible 1.5°C scenario becomes available.

Notes