THE CORPORATE CLIMATE ACCOUNTABILITY LOOP - Introducing key functions of an accountability system for

Corporate climate accountability loop THE CORPORATE CLIMATE ACCOUNTABILITY LOOP Introducing key functions of an accountability system for corporate climate action, and selected spotlights on how to improve the status quo SEPTEMBER 2023 REPORT The corporate climate accountability loop THE CORPORATE CLIMATE ACCOUNTABILITY LOOP Introducing key functions of an accountability system for corporate clima. [...] Given the fragmentation, inconsistency, and ambiguity of some of the information provided by the assessed initiatives and actors, the authors have made all efforts to summarise the information factually but cannot guarantee the adequate representation of all information presented in this report. [...] 10 The corporate climate accountability loop DATA COLLECTION & REPOSITORY Continuous collection and systematisation of data and information on corporate climate strategies Data collection and repository refers to activities of independent, continuous, and systematic gathering of corporate climate data. [...] NewClimate Institute September 2023 11 The corporate climate accountability loop AGGREGATE SYSTEMS ANALYSIS Analysing the transparency and integrity of the corporate accountability system across a larger sample of companies, voluntary initiatives, and actors Aggregate systems analysis refers to the independent evaluation of corporate climate performance across large groups of companies in certain. [...] The process initiated by the UNFCCC Secretariat around the Recognition and Accountability Framework (RAF) — including the proposed changes to the review of the UNFCCC’s Race to Zero’s Partner Initiatives (Race to Zero, 2023) — provides an opportunity to assess the accountability system’s status quo and work towards addressing existing shortcomings and limitations.