Our Net Zero Standard for Oil & Gas is a new framework which aims to help investors to assess alignment of oil and gas companies’ transition plans with a 1.5 ºC climate scenario.
The framework will help inform investors’ corporate engagement priorities and escalation strategies, and help them to better understand the transition risk in their portfolios.It is designed to complement the sector-neutral Climate Action 100+ Net Zero Company Benchmark, with initial public assessments of oil and gas companies expected in late 2023. Read the press release here.
The publication follows a two year collaborative process led by IIGCC with support from the Transition Pathway Initiative (TPI), investors and regional investor groups. Provisional indicators werepublishedin September 2021 and subsequently tested in a pilot study covering five major European oil and gas companies.