Climate Action 100+ seeks feedback on company benchmark
This article was first published on Proxy Insight Online on November 11, 2021. For more information about the product, click here.
Climate Action 100+ announced the launch of a public feedback survey on its Net-zero Company Benchmark on Wednesday.
The world’s largest climate-related investor initiative, representing more than 615 investors with $60 trillion in assets under management, invited stakeholders to submit feedback on methodology used for company assessments.
Feedback will be collated and considered for integration into the methodology used for company assessments in 2023.
Climate Action 100+’s Net-zero Company Benchmark assessments were first released in March and currently examine the commitments of 159 carbon-intensive companies relating to emissions reduction, climate governance, and disclosure.
With each annual assessment cycle, new companies will be added to the focus list while companies deemed to have taken sufficient steps to address climate risk may be removed from the list.
UltraTech Cement, Orica, Incitec Pivot, and Oil Search are among the companies to be added to the updated benchmark in March 2022, while Southern Copper and Wesfarmers have been removed.