The Commitments.

We’re calling on all businesses, financial institutions, and investment managers to sign up to our Commitments, meet agreed interim targets and achieve net-zero carbon emissions by 2030.

The Commitments go beyond disclosure of historical carbon reporting. They’re forward looking, with a focus on businesses’ plans and targets that will create a carbon-reduction ripple effect right across their value chains.

 

By signing up to the Commitments, all businesses (including SMEs), financial institutions
and investment managers agree to the following:

1

Carbon disclosure.

Measure and disclose all carbon emissions. Large companies^ will also adopt the recommendations of the Task Force on Climate-related Financial Disclosures

2

Carbon labelling.

By 2023, all products and services will be clearly labelled with their respective carbon impact, so consumers are able to make informed purchasing decisions.

3

Renewable energy.

Transition to 100% renewable energy by 2030.**

4

Carbon neutrality.

Achieve net-zero carbon emissions across your value chain (Scope 1, 2 and 3 emissions) by 2030.**

5

Carbon offsetting.

Purchase carbon offsets to meet any shortfalls in achieving #3 and #4.

6

Carbon neutral projects and investments.

Only invest in new companies and projects that meet the zero-carbon 2030 Commitments.

7

Verification.

Permit annual verification audits to ensure compliance with zero-carbon 2030 Commitments.

8

Political influence.

Positively influence governments and only commit to supporting political entities that commit to climate policy that will limit the average global temperature rise to 1.5°C.

Financial institutions and investment managers must also agree to the following:

9

Financial Institutions.

Encourage corporate customers to adopt the zero-carbon 2030 Commitments. And, by 2030, conduct 100% of business transactions with corporate clients that have a minimum Carbon Rating* of A.**

10

Investment Managers.

Move the money so that, by 2030, 100% of your assets are invested in companies with a minimum Carbon Rating* of A.**

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