2023 Progress Update

Climate Action 100+'s fifth progress update is available now. The update covers key engagement wins, the Net Zero Company Benchmark, and the latest updates on Phase 2 of the initiative. Read more ➜

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The three goals

Climate Action 100+ has established a common high‑level agenda for company engagement to achieve clear commitments to cut emissions, improve governance and strengthen both climate-related financial disclosures and transition plans, in order to create long-term shareholder value.

As institutional investors and consistent with their fiduciary duty to their beneficiaries, seeking to address the material financial risks and opportunities of climate change, investors will work with the companies in which we invest to encourage them to work towards the global goal of halving GHG emissions by 2030 and delivering net zero GHG emissions by 2050, in line with the goals of the Paris Agreement to pursue efforts to limit warming to 1.5°C. They will do this by asking Climate Action 100+ focus companies to:

  1. Implement a strong governance framework which clearly articulates the board’s accountability and oversight of climate change risk;
  2. Take action to reduce greenhouse gas emissions across the value chain, including engagement with stakeholders such as policymakers and other actors to address the sectoral barriers to transition. This should be consistent with the Paris Agreement’s goal of limiting global average temperature increase to well below 2°C above pre-industrial levels, aiming for 1.5°C. Notably, this implies the need to move towards net-zero emissions by 2050 or sooner; and
  3. Provide enhanced corporate disclosure and implement transition plans to deliver on robust targets. This should be in line with the final recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and other relevant sector and regional guidance, to enable investors to assess the robustness of companies’ business plans and improve investment decision-making.

Climate Action 100+ will seek to support these efforts using frameworks and tools such as the Net Zero Company Benchmark, recognising that the pathway for an orderly transition varies across regions and sectors.

Progress Update

Climate Action 100+ tracks the progress of focus companies against a number of key indicators through regular progress reporting and benchmarking. Annual progress updates also provide key information about the evolution and operation of the initiative.

View the latest update