Carbon accounting has become a must for organizations mindful of the climate impact of their activities. However, practices in accounting and disclosing GHG emissions are different from one company to another and global emissions are still growing. ACT takes a holistic view of a company’s operational impacts and dependencies, as well as of its supply chain. The ultimate goal is to drive action by companies and put them on a 2°C compatible pathway.

The first stage of the ACT project took place between Febuary 2016 and March 2017, involving 24 companies across 3 sectors: Auto Manufacturing, Electric Utilities and Retail. These companies were analysed on a sector-by-sector basis using sector specific indicators to analyse a range of quantitative and qualitative data. Four key messages were taken from the pilot project:

• Immediate action is required due to emissions lock-in effects
• Transition planning is an essential tool
• Shared accountability is needed
• Leading companies are ready to make the transition

To read the ACT pilot project report and learn more about the next stages of ACT, please visit the ACT website.