Ceres is a founding network of Climate Action 100+—an investor initiative to ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change. 615 investors with $55 trillion in assets under management are engaging companies on improving governance, curbing emissions and strengthening climate-related financial disclosures.
As a co-founder of Climate Action 100+, Ceres works with members of our Investor Network to engage directly with North American focus companies. We provide secretariat support for investors, help facilitate initiative meetings, provide technical assistance and create opportunities for engagement skills enhancement. We also lead regionally-focused working groups that support engagement with a subset of focus companies to provide participating investors with resources and help to ensure engagements are effective.
Launched in December 2017, Climate Action 100+ garnered immediate worldwide attention. Designed by investors for investors, the initiative is ensuring the world’s largest corporate greenhouse gas emitters:
- Implement a strong governance framework which clearly articulates the board’s accountability and oversight of climate change risk;
- Take action to reduce greenhouse gas emissions across the value chain, consistent with the Paris Agreement’s goal of limiting global average temperature increase to well below two degrees Celsius above pre-industrial levels, aiming for 1.5 degrees. Notably, this implies the need to move towards net-zero emissions by 2050 or sooner; and
- Provide enhanced corporate disclosure in line with the final recommendations of the Task Force on Climate‑related Financial Disclosures (TCFD) and sector-specific Global Investor Coalition on Climate Change (GIC) Investor Expectations on Climate Change guidelines (when applicable), to enable investors to assess the robustness of companies’ business plans against a range of climate scenarios, including well below two degrees and improve investment decision-making.
The Climate Action 100+ Net-Zero Company Benchmark assesses the performance of focus companies against the initiative’s three high-level goals. The benchmark helps investor signatories evaluate company ambition and action in tackling climate change.
In addition to Ceres, Climate Action 100+ is supported and coordinated by the Asia Investor Group on Climate Change; the Investor Group on Climate Change; the Institutional Investors Group on Climate Change; and the Principles for Responsible Investment. Ceres CEO and President Mindy Lubber serves as member of the global Steering Committee, which governs the initiative. Ceres also co-leads the global communications and fundraising efforts for the initiative.
Learn more at www.climateaction100.org and follow @ActOnClimate100.