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.
What is the ACT Initiative?
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 speciï¬c 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.
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