Relationship Score is a measure of how supportive or obstructive the company’s industry associations are towards climate policy aligned with the Paris Agreement, with 0% being fully opposed and 100% being fully supportive. Organisation Score is a measure of how supportive or obstructive the company’s direct engagement is with climate policy aligned with the Paris Agreement, with 0% being fully opposed and 100% being fully supportive. Grey —The company’s Organisation Score is not applicable when its Engagement Intensity score is below 5%. The company’s Relationship Score is not applicable when it does not maintain significant links to industry associations actively influencing climate policy (as per InfluenceMap’s current database). The quantitative scenario analysis explicitly includes a 1.5° Celsius scenario, covers the entire company, discloses key assumptions and variables used, and reports on the key risks and opportunities identified. Clarifications have been added to Metric 6.1b to enable assessment of companies’ plans to phase out carbon intensive assets.

Companies will be an ongoing area of development as part of broader discussions on the use of green revenue classification systems and regional taxonomies. The use of offsetting or carbon credits should be avoided and limited, if at all applied. Offsetting or ‘carbon dioxide removal’ should not be used by companies operating in sectors where viable decarbonisation technologies exist.

The company employs climate-scenario planning to test its strategic and operational resilience. The company ensures that its decarbonisation efforts and new projects are developed in consultation with and seek the consent of affected communities. The company has committed to retain, retrain, redeploy and/or compensate workers affected by decarbonisation. The company has published a policy committing it to decarbonise in line with Just Transition principles.

2 Degrees Investing Initiative conducted the company disclosure research and analysis. These indicators reflect the company’s physical assets as of December 31, 2020. InfluenceMap provides detailed Paris-aligned analysis of corporate climate lobbying independently of the Climate Action 100+ Net-Zero Company Benchmark. Red—The company is ‘Behind” or ‘Slightly Behind’ the B2DS target technology mix for the autos sector. Amber—The company is ‘Aligned’ with the B2DS target technology mix for the autos sector. Green—The company is ‘Ahead’ or ‘Slightly Ahead’ of the B2DS target technology mix for the autos sector.

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The financial statements are consistent with the company’s other reporting. The financial statements demonstrate how material climate-related matters are incorporated. This assessment is provisional, meaning that information will be collected and publicly assessed as part of the October 2022 Benchmark Assessments, but the assessment framework will be subject to change in future iterations.

The company has assessed its board competencies with respect to managing climate risks and discloses the results of the assessment. • There is a committee (not necessarily a board-level committee) responsible for climate change and bull by the horns that committee reports to the board or a board-level committee. The company has set a target to increase the share of ‘green revenues’ in its overall sales OR discloses the ‘green revenue’ share that is above sector average.

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InfluenceMap provided independent analysis of the company’s corporate climate lobbying practices . Climate-related matters may include the physical impacts of climate change and/or transition impacts from climate mitigation on the company’s market, sector, business environment, and drivers of its costs and revenues. It also includes the company’s own response, for example any emissions targets set and the company’s strategy for decarbonisation.

• The company lists its climate-related lobbying activities, e.g., meetings, policy submissions, etc.
• This policy is came into effect on March 7th 2022 and removal of previous commitments will be completed as soon as possible.
• Red—The company is ‘Behind” or ‘Slightly Behind’ the B2DS target technology mix for the autos sector.
• For example, a company with a 2030 but no targets thereafter will have its 2030 data point compared with the benchmark value in 2050.
• However, additional updated reference scenarios may become available over time.

This Sub-indicator is based onTPI’s carbon performance methodologieswhich applies the Sectoral Decarbonisation Approach. Engagement Intensity is a measure of the level of policy engagement by the company, whether positive or negative. The financial statements use, or disclose a sensitivity to, assumptions and estimates that are aligned with achieving net zero GHG emissions by 2050 .

Up-to-date scores, which are refreshed on a continual basis, can be found here. Download InfluenceMap’sclimate policy engagement assessment methodology to learn more. Download CTI and CAAP’s Climate Accounting and Audit assessment methodology to learn more. Clarifications for meeting the requirements of Metric 5.1b have been added since the March 2021 iteration of the Net Zero Company Benchmark.

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At the Sub-indicator level, the company receives a ‘Yes’ on at least one Metric that makes up the Sub-indicator. Green—At the overall Indicator level, the company receives a ‘Yes’ on all Sub-indicators and Metrics that make up the indicator. At the Sub-indicator level, the company receives a ‘Yes’ on all Metrics that make up the Sub-indicator.

List’ companies represent over 60 others that were identified via investor consultation and targeted for investor engagement. These companies either present climate-related risks to investor portfolios or have significant opportunities to drive the net zero transition that is not captured by emissions data alone. Companies that are being removed as a result of this policy are listed here. The SBTi reserves the right to remove other companies that, after careful evaluation, are considered to fall within category 1.

Short-term (up to GHG reduction target(s)

The company identifies the set of actions it intends to take to achieve its GHG reduction targets over the targeted time frame. These measures clearly refer to the main sources of its GHG emissions, including scope 3 emissions where applicable. The company discloses the methodology and criteria it uses to assess the alignment of its capital expenditure plans with its decarbonisation goals, including key assumptions and key performance indicators . The company identifies the set of actions it intends to take to achieve its GHG reduction targets over the targeted timeframe.

You can report an error or gap in our data set to our team using this form. We’re developing a plan for ongoing improvements to the dashboard and data set. To find out more about our plans and timeline, sign up to our newsletter. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company lists its climate-related lobbying activities, e.g., meetings, policy submissions, etc. The company has a Paris-Agreement-aligned climate lobbying position and all of its direct lobbying activities are aligned with this.

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Discussions may either be in a separate climate-related K/CAM or on specific accounting topics. This Metric may also be achieved through reporting of how climate was considered in assessing risk and determining the audit approach. The company’s other reporting on climate provides the context for evaluating the financial statements, but is equiti forex broker review not separately assessed. The assessment evaluates the company’s automotive production plans with IEA scenarios and identifies the scenario pathway to which it most closely corresponds per technology. The company takes action to support financially vulnerable customers that are adversely affected by the company’s decarbonisation strategy.

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These indicators analyse automotive companies’ capital expenditures and economic output from legacy fossil fuel and prospective carbon-emitting assets relative to a range of climate change scenarios. The analysis gives investors additional insights on the relative adequacy and alignment of company actions with the goals of the Paris Agreement. These independent analyses, which correspond with company disclosures related to Disclosure Indicator 6, are included for upstream oil and gas, electric utilities, and automotive companies. Capital allocation analyses for companies in other sectors are expected to be developed in the future. These alignment assessments from the 2 Degrees Investing Initiative are made using the PACTA methodology and data provided by Asset Resolution.

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These assessments reflect the company’s physical assets as of 31 December 2021. This indicator assesses the technology mix of the company in 2021 compared to the market in 2021. The analysis is conducted on the technology level, meaning 2Dii compares the technology share of the company with the technology share of the sector average. For example, if the market’s technology mix consists of 10% electric vehicles, while the company’s technology mix consists of 17% electric vehicles, then the company is ‘ahead’ of the market. InfluenceMap provides detailed analyses of corporate climate policy engagement and the alignment of company climate policy engagement actions with the Paris Agreement goals.

These alignment assessments from the Rocky Mountain Institute are made using the PACTA methodologyand data provided by Asset Resolution. They analyse automotive companies’ planned capital expenditures and production output for the coming 5 years relative to a range of climate change scenario pathways for the sector. The assessments give investors insights on the relative adequacy and alignment of company actions with the Paris Agreement goals. These assessments reflect the company’s physical assets and production plans as of 31 June 2022.

Clarifications have been added to Metric 6.1a to enable assessment of companies’ plans to phase out carbon intensive assets. The company’s decarbonisation strategy specifies the role of ‘green revenues’ from low carbon products and services. The target (or, in the absence of a target, the company’s latest disclosed GHG emissions intensity) is aligned with the goal of limiting global warming to 1.5°C.

For example, offsetting would not be considered credible if used to offset emissions for a coal-fired power plant because viable alternatives exist to coal-fired power plants. The assessment will leverage the European Union’s Green Taxonomy criteria on ‘turnover’ for companies headquartered on the European continent. The criteria used to assess non-European companies will be an ongoing area of development as part of broader discussions on the use of green revenue classification systems and regional taxonomies.

Currently, commitments are not accepted from fossil fuel companies or subsidiaries specified in categories 1.1 and 1.2 here. This policy is came into effect on March lqdfx forex broker introduction 7th 2022 and removal of previous commitments will be completed as soon as possible. To stay updated on our work to improve the data set, sign up to our newsletter.