- Airbus Group
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- Contingency: Metric 10.2b cannot be ‘Yes’ unless metric 10.2a is also ‘Yes’.
- Medium-term (2026- GHG reduction target(s)
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- Scope 3 application
These companies either present climate-related risks to investor portfolios or have significant opportunities to drive the net zero transition that is not captured by emissions data alone. To achieve this, GHG emissions must halve by 2030 – and drop to net-zero by 2050. We have limited time for action and the private sector has a crucial role to play – every sector in every market must transform. Organizations with science-based targets are already cutting emissions at scale; all businesses must now join them.
Up-to-date scores, which are refreshed on a continual basis, can be found here. Download InfluenceMap’sclimate policy engagement assessment methodology to learn more. In order to be assessed as “Yes” on this Metric in the March 2022 and October iterations, companies must quantify the approximate proportion of emissions reduction candlestick charts each action in their decarbonisation strategy will contribute to their overall greenhouse gas reduction target. Climate-related matters may include the physical impacts of climate change and/or transition impacts from climate mitigation on the company’s market, sector, business environment, and drivers of its costs and revenues.
A just transition requires the company to consider the impacts of transitioning to a lower-carbon business model on its workers and communities. The company provides details on the criteria it uses to assess the board competencies with respect to managing climate risks and/or the measures it is taking to enhance these competencies. The company has a specific commitment to ensure that the trade associations the company is a member of lobby in line with the goals of the Paris Agreement. Currently Sub-indicator 5.2 and related Metrics only apply to focus companies headquartered on the European continent.
In its earnings report, Airbus said it believed it had „solid grounds to defend itself against the allegations.” ISS Securities Class Action Services will continue to monitor these three cases against Airbus – the U.S. action for when the settlement is officially signed-off, and the two Dutch cases if they proceed toward a settlement, dismissal, or discontinuance. The necessary time frame for companies to achieve net-zero GHG emissions differs depending on the sector.
The company has specified that this target covers at least 95% of total scope 1 and 2 emissions. The company has made a qualitative net-zero GHG emissions ambition statement that explicitly includes at least 95% of scope 1 and 2 emissions. The assessment will leverage the European Union’s Green Taxonomy criteria on ‘turnover’ for companies headquartered on the European continent. The criteria used to assess non-European companies will be an ongoing area of development as part of broader discussions on the use of green revenue classification systems and regional taxonomies. The financial statements disclose the quantitative climate-related assumptions and estimates.
Everything You Ever Wanted to Know About Litigation Finance
Download InfluenceMap’s climate policy engagement assessment methodology to learn more. Clarifications for meeting the requirements of Metric 5.1b have been added since the March 2021 iteration of the Net Zero Company Benchmark. In order to be assessed as “Yes” on this Metric in the March 2022 iteration, companies must quantify the approximate proportion of emissions reduction each action in their decarbonisation strategy will contribute to their overall greenhouse gas reduction target.
However, the vast majority of affected investors fall into the latter category. Airbus has not yet settled with, and has therefore not yet been held accountable to, investors who trade Airbus securities in Europe. Airbus designs, manufactures and sells civil and military aerospace products worldwide. In one of the most egregious breakdowns of ESG in recent years, it came to light in the course of investigations by the French Parquet National Financier, the U.K.
Indicator 9 is still in development and will not be assessed in the current cycle. Offsets will be an area for future development in the Net Zero Company Benchmark. The company has committed to implement the recommendations of the Task Force on Climate related Financial Disclosures .
Contingency: Metric 10.2b cannot be ‘Yes’ unless metric 10.2a is also ‘Yes’.
This assessment is provisional, meaning that information will be collected and publicly assessed as part of the March 2022 Climate Action 100+ Net Zero Company Benchmark, but the assessment framework will be subject to change in future iterations. Download CTI and CAAP’s Climate Accounting and Audit assessment methodology to learn more. InfluenceMap provides detailed analyses of corporate climate policy engagement and the alignment of company climate policy engagement actions with the Paris Agreement goals. These scores reflect InfluenceMap’s assessment as of 24 January 2022.Scores are refreshed on a continual basis.
The company has specified that this target covers at least 95% of its total Scope 1 and 2 emissions. The company has set an ambition to achieve net zero GHG emissions by 2050 or sooner. A spokesperson for Airbus, which disclosed it was facing civil claims in the Netherlands in its third quarter 2021 earnings report, said the company would not comment on ongoing litigation.
Amber— At the overall Indicator level, the company receives a ‘Yes’ on at least one Metric that makes up the Indicator. At the Sub-indicator level, the company receives a ‘Yes’ on at least one Metric that makes up the Sub-indicator. Green—At the overall Indicator level, the company receives a ‘Yes’ on all Sub-indicators and Metrics that make up the indicator. At the Sub-indicator level, the company receives a ‘Yes’ on all Metrics that make up the Sub-indicator. The company employs climate-scenario planning to test its strategic and operational resilience.
- These measures clearly refer to the main sources of its GHG emissions, including scope 3 emissions where applicable.
- The assessment will leverage the European Union’s Green Taxonomy criteria on ‘turnover’ for companies headquartered in the European Economic Area or United Kingdom.
- The company has set a target for reducing its GHG emissions by between 2036 and 2050 on a clearly defined scope of emissions.
- The company takes action to support financially vulnerable customers that are adversely affected by the company’s decarbonisation strategy.
- The company employs climate-scenario planning to test its strategic and operational resilience.
- At the Sub-indicator level, the company receives a ‘Yes’ on at least one Metric that makes up the Sub-indicator.
This calculation accommodates an assessment of the strength of the relationship between a company and an industry association, for example a stronger weighting will be attributed where a company has a representative on the board of an industry association. This indicates increasingly significant misalignment with the Paris Agreement as the percentage nears zero. This Metric is independent of Metric 3a, as the auditor is asked to take an independent role in assessing mtrading the assumptions used by the company , or to indicate what reasonably-aligned assumptions would be and provide its own sensitivity analysis. The audit report demonstrates that the auditor considered the effects of material climate-related matters in its audit. Other reporting includes other sections of the annual report and may also include separate reporting such as sustainability reports, TCFD reports, analyst presentations, and the company’s website.
Medium-term (2026- GHG reduction target(s)
For example, offsetting would not be considered credible if used to offset emissions for a coal-fired power plant because viable alternatives exist to coal-fired power plants. Engagement Intensity is a measure of the level of policy engagement by the company, whether positive or negative. Above 25%indicates increasingly active and strategic libertex overview policy engagement as the percentage nears 100%, with the highest Climate Action 100+ companies currently scoring around 60%. The audit report identifies that the assumptions and estimates that the company used were aligned with achieving net zero GHG emissions by or provides a sensitivity analysis on the potential implications.
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The company identifies the set of actions it intends to take to achieve its GHG reduction targets over the targeted timeframe. These measures clearly refer to the main sources of its GHG emissions, including Scope 3 emissions where applicable. Over a thousand organizations worldwide are leading the zero-carbon transformation by setting emissions reduction targets grounded in climate science through the Science Based Targets initiative . The company has a decarbonisation strategy to meet its long and medium-term GHG reduction targets.
The disclosure framework evaluates the adequacy of corporate disclosure in relation to key actions companies can take to align their businesses with the Climate Action 100+ and Paris Agreement goals. The framework reflects publicly disclosed information as of 13th May 2022 and is assessed by the Transition Pathway Initiative. If the company has set a scope 3 GHG emissions target, it covers the most relevant scope 3 emissions categories for the company’s sector , and the company has published the methodology used to establish any scope 3 target. The framework reflects publicly disclosed information as of December 31, 2021 and is assessed by the Transition Pathway Initiative. The company discloses the methodology and criteria it uses to assess the alignment of its capital expenditure plans with its decarbonisation goals, including key assumptions and key performance indicators . The company explicitly commits to align its capital expenditure plans with the Paris Agreement’s objective of limiting global warming to 1.5° Celsius AND to phase out investment in unabated carbon intensive assets or products.
It also includes the company’s own response, for example any emissions targets set and the company’s strategy for decarbonisation. The methodology quantifies key outcomes, including the share of its future capital expenditures that are aligned with a 1.5° Celsius scenario, and the year in which capital expenditures in carbon intensive assets will peak. Assessments of the company’s publicly disclosed information against each indicator, sub-indicator, and metric provide information on the company’s alignment with the Climate Action 100+ goals. The disclosure assessment indicators reflect publicly disclosed information as of January 22, 2021. The Transition Pathway Initiative , supported by its research and data partners the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and FTSE Russell, conducted the company disclosure research and analysis. InfluenceMap provided independent analysis of the company’s corporate climate lobbying practices .
The assessment will leverage the European Union’s Green Taxonomy criteria on ‘turnover’ for companies headquartered in the European Economic Area or United Kingdom. The SBTi is committed to helping to build a robust framework for net-zero target setting through our Net-Zero Standard. We need a race to the top, led by pioneering companies and financial institutions. This will empower peers, suppliers and customers to follow suit and drive governments to take bolder action. The SBTi has launched new guidance to support investors in identifying the overlaps and complementary nature of the SBTi Financial Institutions framework and TCFD recommendations. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile.
Scope 3 application
This Metric can be achieved by disclosing relevant climate-related quantitative inputs even if the company did not take climate into consideration for such inputs. The company has conducted a climate-related scenario analysis including quantitative elements and disclosed its results. The company has committed to retain, retrain, redeploy and/or compensate workers affected by decarbonisation.
Currently, the International Energy Agency’s Net Zero Emissions by 2050 Scenario and related price deck are used for this assessment, where applicable. This sets out a pathway to reach net zero emissions by mid-century and keep the global temperature rise to 1.5°C with a 50% probability. However, additional updated reference scenarios may become available over time. The company’s other reporting on climate provides the context for evaluating the financial statements, but is not separately assessed.
Details related to this company’s Carbon Performance assessment conducted by TPI may be viewed here. The company explicitly commits to align its capital expenditure plans with its long-term GHG reduction target OR to phase out planned expenditure in unabated carbon intensive assets or products. The company discloses the methodology it uses to align its future capital expenditures with its decarbonisation goals, including key assumptions and key performance indicators . The company explicitly commits to align future capital expenditures with its long-term GHG reduction target.
The company has Paris-Agreement-aligned lobbying expectations for its trade associations, and it discloses its trade association memberships. The company lists its climate-related lobbying activities, e.g., meetings, policy submissions, etc. The assessment will leverage the European Union’s Green Taxonomy criteria on ‘turnover’ for companies headquartered in the E.U. Companies will be an ongoing area of development as part of broader discussions on the use of green revenue classification systems and regional taxonomies.