In the EU, The Ethos Foundation announced that they have
“teamed up with the French institution ADEME, the French association FIR and the WBA to assess the credibility and relevance of European companies’ climate plans submitted to their shareholders for approval this year. Detailed analysis sheets will be published on the FIR and Finance ClimAct websites before the ‘Say on Climate’ votes of listed companies in Europe, including the UK and Switzerland, to enable shareholders to vote wisely.”
Ethos stated that the assessments will utilize a new methodology called “Ethos climate transition ratings” – published in June 2023 and
“… partly based on the ACT (‘Assessing Low-Carbon Transition’) methodology, developed by the ADEME in 2015 to assess a company’s ability to become part of a low-carbon economy. This advanced ACT methodology considers a company’s objectives, investments, activities, governance, value chain, lobbying and business model from a climate protection perspective.”
The reports are expected to be available publicly ahead of the 2024 AGM season – too soon for companies to preview the new rating methodology if they didn’t kick the tires on it last year.
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