Carbon Action is an investor-led initiative to accelerate company action on climate change, including energy efficiency activities which deliver a positive return on investment.
in assets under management have asked the world’s highest-emitting publicly-listed companies to take three specific actions in response to climate change. Over the period 2011-16, investors asked companies to help tackle climate change in three ways:
The Carbon Action sample and the methodology used to calculate the sample has changed for 2016 and now incorporates scope 3 emissions as a factor in determining the sample of 1,305 companies (including 5 influential media companies and 5 banks with the largest funding of coal projects to pilot investor influence in these related yet indirect areas).
For 2017 the Carbon Action focus will evolve while continuing to encourage emissions reductions (including via projects with positive returns), the new strategic context provided by the Paris Agreement coming into force and the Taskforce on Climate-related Financial Disclosure will be highlighted in addition, investors will request that companies sign-up to the We Mean Business coalition’s agreed priority initiatives (inc. Science Based Targets) for relevant sectors.
We mean business
We Mean Business is a coalition of organizations working with thousands of the world’s most influential businesses. These businesses recognize that the transition to a low carbon economy is the only way to secure sustainable economic growth and prosperity for all.