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In order to help drive engagement with investors and companies to pursue climate action, 2DII is providing analysis on companies in the utility and automotive sectors that form part of the Climate Action 100+ (CA100+) target group.

CA100+ is an investor initiative to ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change. The companies include 100 “systemically important emitters,” accounting for two-thirds of annual global industrial emissions, alongside more than 60 others with significant opportunity to drive the clean energy transition.

As part of CA100+’s Technical Advisory Group, 2DII uses the PACTA portfolio analysis methodology to create profiles of individual companies in the electric utilities and automotive sectors. The profiles provide a forward-looking, quantitative analysis of the alignment of the company’s assets and investment/production plans with a range of climate scenarios.

2DII then sends the company profiles to partner investor coalitions (e.g. UN Principles for Responsible Investment, Institutional Investors Group on Climate Change, CERES, etc.). This helps ensure that CA100+ signatories have access to the most accurate, complete information about company performance against the three goals of the initiative.

Changing Gear: Alignment of major auto manufacturers with the goals of the Paris Agreement

Most recently, following an in-depth analysis of auto company production plans in partnership with Institutional Investors Group on Climate Change, 2DII found that their plans require fundamental change to meet Paris Agreement goals and avoid emitting 1.5 billion tonnes of CO2.

The report, Changing Gear,” assesses the production plans for the 14 biggest global car companies by emissions – covering electric (EV), hybrid and internal combustion engine vehicles. Its findings, based on modelling of vehicle emissions and climate scenarios from the International Energy Agency (IEA), show none are aligned with climate scenarios consistent with limiting warming to below 2°C, let alone well-below 2°C, as goals of the Paris Agreement.

 

Note on the funders: This work is supported by Bloomberg Philanthropies and the LIFE programme. It has received funding from the European Union’s Life NGO programme under Grant Agreement No LIFE18/NGO/SGA/FR/200020.

This content reflects only the authors’ views only. The funders are not responsible for any use that may be made of the information it contains. 

 

 

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