The clock is ticking. The IPCC 2022 Impacts, Adaptation and Vulnerability report shows that global warming, reaching 1.5°C in the near term, will cause unavoidable increases in climate hazards and present multiple risks to ecosystems and humans. Without urgent action, the world will experience more extreme weather events, rise in sea levels and negative impacts on biodiversity, ecosystems and oceans.
To accelerate action towards a global decarbonisation and energy transformation, while continuing to work in partnership with CDP on decarbonisation assessment for the benchmark, the World Benchmarking Alliance (WBA) has formed a strategic partnership with the Assessing low-Carbon Transition (ACT) initiative developed by ADEME, the French Agency for Ecological Transition.
The WBA Climate and Energy Benchmark is an accountability mechanism that measures corporate progress against the Paris Agreement and whether companies are contributing to a just transition. In 2022, the Climate and Energy Benchmark will assess and rank 90 transport companies on their alignment with a low-carbon world and their contributions to a just transition. This report sets out how we will do that. More about our Climate and Energy Benchmark here