Climate Action Requirements: Focus on L - XXL Companies

This video covers sub-requirements under the Climate Action Impact Topic that specifically apply to L to XXL companies, focusing on those relevant for year 0.  The video uses a case study format to highlight examples of evidence a multi-site company might provide. 

Specifically, the video aims to: 

• Clarify interpretation of the new standards under the Climate Action impact topic focusing on select requirements applicable to L to XXL companies.

• Provide examples of evidence a multi-site company might submit to meet the compliance criteria for select Climate Action requirements.

The following sub-requirements are reviewed: 

• CA1.1 The company has a documented process to measure its scope 1, 2 and 3 GHG annually and discloses the results publicly.

• CA1.2 The company gets an independent third party to verify its annual greenhouse gas emissions inventory.

• CA2.2 The company has science-based targets, validated by the SBTi or verified by an independent third party, to make a just contribution to the global goal of net zero greenhouse gas emissions by 2050.

• CA2.4 The company consults workers and stakeholders to ensure a just transition in its climate transition plan.

• CA3.1 If the company has an existing incentive remuneration scheme for the executive team, it integrates climate targets.