Climate and Energy Benchmark
Our world needs a major decarbonisation and energy transformation to prevent the climate crisis we’re facing and meet the Paris Agreement goal of limiting global warming to 1.5°C (2.7°F). Without urgent climate action, we will experience more extreme weather events, rising sea levels and immense negative impacts on ecosystems. These will impact each and every one of us for decades to come, but more so the most vulnerable populations and regions.
The private sector plays a critical role in driving decarbonisation and must take action now to meet the Paris Agreement goal. WBA’s benchmarks are an accountability mechanism, which highlight industries and companies that are leading the way in this transformation, and form an evidence base to hold laggards to account. They empower all stakeholder groups: businesses, civil society, governments, trade unions, academia and others, to act collectively towards achieving decarbonisation in this decade of delivery.
Our Climate and Energy Benchmark covers rankings of 450 of the world’s most influential, keystone companies in high-emitting sectors like automotive, electric utilities, oil and gas, transport, buildings and construction. These sector benchmarks will be regularly updated.Read more here
About our partners
About CDP: CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 590 investors with over $110 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 10,000 organizations around the world disclosed data through CDP in 2020, including more than 9,600 companies worth over 50% of global market capitalization, and over 940 cities, states and regions, representing a combined population of over 810 million. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. Visit cdp.net or follow us @CDP to find out more.
About ADEME: ADEME – the French Agency for Ecological Transition is proactively engaged in climate change mitigation and adaptation as well as resources deterioration prevention. We involve citizens, the private sector and local authorities, by giving them the means to progress towards a low carbon, more frugal, just and harmonious society. We advise, facilitate and support with projects funding, from research to solutions transfer, in all areas from energy, air quality, circular economy, waste, etc. We provide expertise and prospective advisory services to government bodies and the public at large, to enable them to establish and consolidate their environmental action. Click here for more.
About ACT: ACT is a joint voluntary initiative recognised by the UNFCCC secretariat Global Climate Agenda and supported by the French government. It aims at driving companies’ climate actions to align their strategies with low-carbon pathways. ACT provides an accountability framework to assess how companies’ strategies and transition plans contribute to the Paris Agreement mitigation goals. ACT takes an integrated and forward-looking approach to measure quantitatively and qualitatively decarbonisation performance across the past, present and future focusing on the major emissions sources in the business value chain. Publicly available assessment methodologies are sector specific responding to each sector’s own transition challenges. A complementary method that equips less mature businesses to develop robust low carbon strategies and implement relevant transition plans. Click here for more
Please find below the link to download the full press release.See press release