The Climate Action 100+ Net Zero Company Benchmark assesses the performance of focus companies against the initiative’s three high-level goals: emissions reduction, governance, and disclosure on and implementation of net zero transition plans. Four sets of company assessments against the Benchmark have been released since March 2021.
The Benchmark is not a disclosure mechanism or database itself. Rather, it is an evaluation tool for investor engagement that can be used by investors, all of whom will have differing mandates and starting points together with considerations of jurisdiction, regulation and best practice, from which they make their own decisions. Investors always act independently, including with respect to investment decisions and voting.
What’s New in 2023?
Following a public consultation, Climate Action 100+ released an updated Benchmark framework—Benchmark 2.0—in March 2023. Select your language to download a comprehensive overview of all changes.
The Benchmark draws on distinct analytical methodologies and datasets from public and self-disclosed data from companies, categorised into two types of indicators:
- Disclosure Framework Indicators, which evaluate the adequacy of corporate disclosure;
- Alignment Assessments, which evaluate the alignment of company actions with the Paris Agreement goals.
The Disclosure Framework is assessed by the Transition Pathway Initiative Global Climate Transition Centre and FTSE Russell, an LSEG business. Alignment Assessments are provided by the Carbon Tracker Initiative, InfluenceMap and the Rocky Mountain Institute.