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 automotive industry is important to deliver on the ambitions to decarbonize the sector. WBA believes that there is momentum for climate action within the automotive industry. This benchmark and the methodology can set an important example for other industries within the transportation sector to deliver on their decarbonisation strategies.Find out more
The Climate and Energy Benchmark is developed by a core team in close collaboration with a broad group of external stakeholders. Vicky Sins leads the Climate and Energy Benchmark.Meet the team
About our partners
CDP is an international 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 investors with assets of US$96trillion, 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 www.cdp.net/en
ADEME is the French Environment & Energy Management Agency and is active in the implementation of public policy in the areas of the environment, energy and sustainable development. ADEME provides expertise and advisory services to businesses, local authorities and communities, government bodies and the public at large, to enable them to establish and consolidate their environmental action. To find out more about the ACT (Assessing low Carbon Transition) project visit: www.actproject.net/
The World Benchmarking Alliance is funded by the Dutch, Danish and UK government and Aviva Foundation.
Car companies in danger of missing Paris climate targets, new analysis warns
A lack of investment in low-carbon vehicles is putting the automotive sector in danger of missing the Paris climate targets, a new study from the World Benchmarking Alliance (WBA) and CDP reveals.
The assessment looks at 25 leading car manufacturers and finds that the bulk of companies have a low carbon vehicle in their range, but are not selling enough right now and are not ready to scale up as needed to meet the Paris goals.See full press release
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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.
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