Climate Action 100+ calls for net-zero business strategies and sets out benchmark of largest corporate emitters

• Letter sent to CEOs and chairs of the board at 161 global companies sets out benchmark and calls on firms to commit to net-zero business strategies.
• Initiative, involving over 500 global investors with over $US47 trillion in assets, to assess company progress in line with net-zero transition against 30 indicators.

The Climate Action 100+ Steering Committee is writing to 161 CEOs and chairs of the board for the world’s largest greenhouse gas emitting companies, calling on the businesses to put in place net-zero business strategies and define targets to support delivery. The letters also inform CEOs that companies will be assessed on progress made in becoming net-zero businesses.

Working with leading research organisations, a new ‘Climate Action 100+ Net-Zero Company Benchmark’ set to be released in 2021 will provide comprehensive analysis on which companies are leading the transition to net-zero emissions, alongside a range of other indicators used by investors to inform investment and corporate engagement strategies.

Launched in December 2017, Climate Action 100+ looks to support 161 ‘focus companies’, that are systemically important to the global transition to net-zero emissions, in their efforts to align their business strategies with the goals of the Paris Agreement. The companies engaged through the initiative are collectively responsible for up to 80% of global industrial greenhouse gas emissions.

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