The corporate climate accountability loop

The NewClimate Institute proposes a conceptual framework called the 'corporate climate accountability loop' consisting of seven functions to hold companies accountable for climate action, highlighting the need for institutional independence and mandatory regulation to replace current voluntary systems.

• The 'corporate climate accountability loop' framework identifies seven conceptual functions for corporate accountability in the real economy, divided into core and supportive functions, designed to analyze current system limitations and identify improvements.
• The current corporate climate accountability system is characterized by a lack of institutional separation, where the same voluntary actors perform multiple functions, and it fails to provide ex-post verifications.
• Improving the accountability system requires moving toward institutional independence—specifically developing standards and benchmarks away from corporate influence—and transitioning toward mandatory, enforceable regulations and international standards to enable ex-ante validations and ex-post verifications by legally liable entities.

APA

NewClimate Institute (2023). The corporate climate accountability loop. http://www.newclimate.org/resources/publications/the-corporate-climate-accountability-loop

Chicago

NewClimate Institute. The corporate climate accountability loop. 2023. http://www.newclimate.org/resources/publications/the-corporate-climate-accountability-loop.

Wikipedia

{{cite report |author=NewClimate Institute |title=The corporate climate accountability loop |date=20 September 2023 |url=http://www.newclimate.org/resources/publications/the-corporate-climate-accountability-loop |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{newclimateinstitute2023corporate, author = {{NewClimate Institute}}, title = {{The corporate climate accountability loop}}, institution = {NewClimate Institute}, year = {2023}, month = sep, url = {http://www.newclimate.org/resources/publications/the-corporate-climate-accountability-loop}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }