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Organisations engaged in the initiative

What is the ACT Initiative?

CDP and ADEME combine their expertise to develop a methodology that will recognize companies, sector by sector, that have set ambitious climate commitments and are taking steps to ensure the transition to a low-carbon economy.

ACT is a joint voluntary initiative of the UNFCCC secretariat Global Climate Agenda.

Carbon accounting has become a must for organizations mindful of the climate impact of their activities. However, practices in accounting and disclosing GHG emissions are different from one company to another and global emissions are still growing. We will take a holistic view of a company’s operational impacts and dependencies, as well as of its supply chain. The ultimate goal is to drive action by companies and put them on a 2°C compatible pathway.

CO2 emissions have increased by 1000% during the last century. It is critical that we reverse this pattern.

The ACT (Assessing low-Carbon Transition) initiative assesses how ready an organization is to transition to this new low-carbon world using a future-oriented, sector specific methodology.

It is the natural next step to bring accountability to the growing number of actions that organizations are taking to tackle climate change.

ACT has the backing of companies, investors and government departments. Since the launch of the pilot project methodologies have been developed and tested with three trial sectors – retail, auto manufacturers and electric utilities.

Launch of methodologies development Cement, Transport, Oil & Gas Side Events COP 25 Madrid Launch of ACT DDP (Deep Decarbonisation Pathways) Launch of WBA auto benchmark 05-07 Climate Finance Day 15 days 28 ACT Outreach New York Climate Week COP26 Contribution to Marrakech Partnership strategy meeting ACT Japanese roadshow Share findings with electric companies (Company scorecard – public via WBA website, company feedback report – private to company) Data validation with 50 electric utilities companies (WBA electric utilities benchmark) ACT Assessments Launch of Oil & Gas, Cement, Transport roadtest Webinars: Oil & Gas, Cement, Transport 24-27 Webinar: IPIECA Climate Reporting Task Force 22 Launch of methodologies development (Iron & Steel, Food & Drinks, Agriculture, generic methodology) 22 Breakfast Breefing (feedback from French voluntary program participants) 01 Methodologies Roadtest Expected public consultation for Iron & Steel, Agro industry & Agriculture, generic methodologies Webinars: New methodologies development introduction (Iron & Steel, Agro Industry & Agriculture, generic methodology for conglomerate companies) w.c. 07 21-27 09-20 05-07 w.c. 11 Data collection and ACT assessments Jun to Sep Feedback from ACT assessments results to companies Sep to Oct Companies sharing feedback to improve methodologies Oct to Nov 15 01-31 End of ACT assessments (French voluntary program) 18 Share findings with auto companies (Company scorecard – public via WBA website, company feedback report – private to company) 01-31 Call for volunteers (French voluntary program) 21 Start of ACT assessment (French voluntary program) 13 Tranport sector public consultation opens 16 Oil & Gas sector public consultation opens 23 Cement sector public consultation opens First Technical Working Groups (TWG) with key sectoral stakeholders (Oil & Gas, Cement, Transport) w.c. 01 First TWGs workshops (Iron & Steel, Agro Industry, Agriculture, generic methodology) Methodologies Development ACT trainings in Brazil and Mexico (Companies, consultancy, financial institutions and public authorities) Dialogue and workshops to build DDP Mexico and Brazil (Transport, Cement, Electric Utilities and Agriculture) Webinars: intro & process (WBA electric utilities benchmark) 24-25 28 03-05 05 [] [] [] GOVERNANCE BOARD COUNCIL SECRETARIAT LOCAL LEVEL GLOBAL LEVEL IMPLEMENTATION Forcast of future change TECHNICAL WORKING GROUPS LOCAL COUNCIL Overseeing Advising ACT NETWORK LOCAL TECHNICAL WORKING GROUPS Nov Oct 2019 ACT TIMELINE 2020 Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Illus_title Illus_year Illus_inter Illus_month Illus_days Illus_text Illus_text Illus_text Illus_text SECT_Transport SECT_Agriculture SECT_Chemicals SECT_Elec to early april

Companies are central to the transformation of society and have a key role to play in the transition to the low carbon economy. Conscious of the current paradigm shift and desiring to play a role in it, thousands of companies mobilised during COP21 to make robust commitments to reduce their greenhouse gas emissions and to transform their business model. To continue to move forward and adopt increasingly ambitious long term emissions pathways, putting us on the path towards 1.5/ 2ºC, in the spirit of transparency and trust that characterised the Paris Agreement, it is essential we are able to assess the credibility of corporate climate strategies and the consistency of their commitments. This is what ACT’s holistic and sector-based assessment methodologies offer. This remarkable and highly promising tool, deserves that as many companies as possible adopt it, implement it and refine it, for it to eventually become a real driver of change.

Laurence Tubiana Climate Champion

Participating Companies