CA100+ début dune deuxième phase toujours pas à la hauteur de l'urgence climatique

Reclaim Finance criticizes the second phase of Climate Action 100+ (CA100+), stating that the coalition failed in its first phase to secure comprehensive net-zero targets or align corporate capital expenditure with 1.5°C goals. While welcoming new transparency requirements for lead investors, Reclaim Finance argues that the benchmark remains too focused on transparency rather than implementation and lacks systematic sanctions or exclusion mechanisms for non-compliant members and companies.

• The first phase of Climate Action 100+ is characterized as a failure due to poor corporate compliance with transparency indicators. Specifically, only 51% of corporate net-zero commitments cover all emission scopes, 24% exclude scope 3, 64% of target companies lack short-term reduction targets across all scopes, and 91% have not committed to aligning capital expenditure with a 1.5°C trajectory.
• Investor members of CA100+ have failed to utilize available engagement tools effectively. No shareholder climate resolutions listed on the coalition's 'Flagged Votes' page have been approved, and asset managers rarely vote against the re-election of board members from companies with unsatisfactory climate strategies.
• Despite the second phase's stated goal of focusing on the implementation of transition plans, the CA100+ benchmark remains primarily focused on transparency, with 11 out of 14 indicators still targeting the publication of information.
• New requirements for lead investors—including public identity disclosure, publication of vote justifications, and the creation of annual engagement plans—are viewed as positive steps toward accountability, but are deemed insufficient because they do not apply to all signatories and lack enforcement mechanisms or sanctions for non-compliance.
• Reclaim Finance urges CA100+ investors to adopt robust engagement and voting policies, including systematic escalation strategies with sanctions, and to suspend bond investments in companies that fail to provide complete climate impact information or violate science-based 'red lines'.

APA

Martin, L. (2023). CA100+ début dune deuxième phase toujours pas à la hauteur de l'urgence climatique. Reclaim Finance. https://reclaimfinance.org/site/2023/06/27/ca100-debut-dune-deuxieme-phase-toujours-pas-a-la-hauteur-de-lurgence-climatique/

Chicago

Martin, Léo. CA100+ début dune deuxième phase toujours pas à la hauteur de l'urgence climatique. Reclaim Finance, 2023. https://reclaimfinance.org/site/2023/06/27/ca100-debut-dune-deuxieme-phase-toujours-pas-a-la-hauteur-de-lurgence-climatique/.

Wikipedia

{{cite press release |last1=Martin |first1=Léo |title=CA100+ début dune deuxième phase toujours pas à la hauteur de l'urgence climatique |publisher=Reclaim Finance |date=27 June 2023 |url=https://reclaimfinance.org/site/2023/06/27/ca100-debut-dune-deuxieme-phase-toujours-pas-a-la-hauteur-de-lurgence-climatique/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{martin2023ca100, author = {Martin, Léo}, title = {{CA100+ début dune deuxième phase toujours pas à la hauteur de l'urgence climatique}}, publisher = {Reclaim Finance}, year = {2023}, month = jun, url = {https://reclaimfinance.org/site/2023/06/27/ca100-debut-dune-deuxieme-phase-toujours-pas-a-la-hauteur-de-lurgence-climatique/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }