Over the past 15 years, carbon accounting has become a must for organizations mindful of the climate impact of their activities. Indeed, many of them voluntarily disclose their GHG emissions and management practices. However, accounting and GHG emissions disclosure practices can differ from one company to another, and global emissions are still growing despite companies’ commitments.

In parallel, new concepts, needs and tools have emerged that should help reverse this trend: Science-Based Targets, Carbon Management System, carbon pricing, new metrics for investors and so on. 

The strength of the ACT initiative is that it adopts a holistic approach to assessing how ready a company is to transition to a low-carbon economy: the level of ambition of the climate strategy is analysed against the low-carbon benchmark relevant for the company, as well as the actions that the company effectively takes in response to this strategy.

A company’s ACT assessment report supports dialogue with shareholders, provides relevant inputs for climate reporting consistent with TCFD recommendation and NFRD directive and brings credibility to company’s climate communication.