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Climate Action 100+ Announces New Iteration of Benchmarking Program
April 28, 2023Climate Action 100+, a climate-focused investor initiative, last month announced an updated framework designed to help investors assess and engage with public companies on climate-related issues. Its March 23 statement announced the upcoming launch of the third iteration of its Net Zero Company Benchmark, somewhat confusingly named Benchmark 2.0.
Billed as an assessment tool, the Benchmark uses public data, as well as self-disclosed company information, to evaluate the efforts of 166 focus companies to achieve a net zero transition relative to three objectives: taking action to reduce emissions, implementing strong corporate governance and accountability around climate-related risk, and enhancing climate-related financial disclosures.
