The World Benchmarking Alliance (WBA) was launched in 2018 because we believe that there needs to be real change in the way that business impact is measured to boost motivation and stimulate action towards a sustainable future for everyone.
We identified seven transformations that need to take place to put society and the worldwide economy on a more sustainable path to achieve the SDGs. To turn these transformations into action, WBA will develop, in close collaboration with the Alliance, a series of benchmarks assessing 2,000 of the world’s most influential companies. The benchmarks will rank and measure the companies on their contributions to the SDGs and the data will be freely available to everyone.
One of the systems transformations is the decarbonisation and energy system transformation. A major decarbonisation and energy transformation is still needed to align with global efforts to prevent the worst impacts of climate change and reach the ultimate end game – The Paris Agreement – to limit global warming to well below 2 degrees. This is the accountability mechanism. The Climate and Energy Benchmark will measure corporate progress against the Paris Agreement. Private sector engagement alongside governments and civil society is critical to meeting this ultimate end game.
The electric utilities industry is important to deliver on the ambitions to decarbonize the sector. WBA believes that there is momentum for climate action within this industry.
The Climate and Energy Benchmark is developed by a core team in close collaboration with a broad group of external stakeholders.Meet the team
About our partners
About CDP: CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of over US$106 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 8,400 companies with over 50% of global market capitalization disclosed environmental data through CDP in 2019. This is in addition to the over 920 cities, states and regions who disclosed, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP is a founding member of the We Mean Business Coalition. Visit https://cdp.net/en or follow us @CDP to find out more.
About ADEME: ADEME – the French Agency for Ecological Transition is proactively engaged in climate change mitigation and adaptation as well as resources deterioration prevention. We involve citizens, the private sector and local authorities, by giving them the means to progress towards a low carbon, more frugal, just and harmonious society. We advise, facilitate and support with projects funding, from research to solutions transfer, in all areas from energy, air quality, circular economy, waste, etc. We provide expertise and prospective advisory services to government bodies and the public at large, to enable them to establish and consolidate their environmental action.
About ACT: ACT is a joint voluntary initiative recognised by the UNFCCC secretariat Global Climate Agenda. It provides sectoral methodologies as an accountability framework to assess how companies’ strategies and actions contribute to the Paris mitigation goals. It aims at driving companies’ climate action by responding to each sector’s own transition challenges and aligning their strategies with low-carbon pathways. ACT takes an integrated and forward-looking approach to measure quantitatively and qualitatively decarbonisation performance across the past, present and future focusing on the major emissions sources in the business value chain. ACT assessments are transparent with publicly available methodologies.
The World Benchmarking Alliance is funded by:
Please find below the links to download the full press release along with supporting images.
The Benchmark is made available by the World Benchmarking Alliance (WBA) on the express understanding that it will be used solely for information purposes. The material contained in the Benchmark should not be construed as relating to accounting, legal, regulatory, tax, research or investment advice and it is not intended to take into account any specific or general investment objectives. The material contained in the Benchmark does not constitute a recommendation to take any action or to buy or sell or otherwise deal with anything or anyone identified or contemplated in the Benchmark. Before acting on anything contained in this material, you should consider whether it is suitable to your particular circumstances and, if necessary, seek professional advice.
As a multi-stakeholder and collaborative foundation, WBA involves members of relevant stakeholder groups in expert review committees. The findings, interpretations and conclusions expressed in the benchmark may not necessarily reflect the views of all involved or the organisations they represent.
While the material contained in the Benchmark has been prepared in good faith, neither WBA nor any of its agents, representatives, advisers, affiliates, directors, officers or employees accept any responsibility for or make any representation or warranty (either express or implied) as to the truth, accuracy, reliability or completeness of the information contained in the Benchmark or any other information made available in connection with the Benchmark. The data used to compile the benchmark, the rankings, scorecards, score sheets and findings are based on information publicly disclosed by companies or submitted to WBA or our partners through various means of engagement with companies and also sourced from third parties. Final scorecards were made available to all companies for fact checking purposes but not all companies will have reviewed their scorecards if they did not engage with the benchmark. Whilst based on information believed to be reliable, no guarantee can be given that it is accurate or complete. Neither WBA nor any of its agents, representatives, advisers, affiliates, directors, officers and employees undertake any obligation to provide the users of the Benchmark with additional information or to update the information contained therein or to correct any inaccuracies which may become apparent – except where an appeals procedure exists. To the maximum extent permitted by law any responsibility or liability for the Benchmark or any related material is expressly disclaimed provided that nothing in this disclaimer shall exclude any liability for, or any remedy in respect of, fraud or fraudulent misrepresentation.
The Climate and Energy Benchmark is the product of the World Benchmarking Alliance. Our work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License. To view a copy of this license, visitwww.creativecommons.org/licenses/by-nc-nd/4.0/.