THE CLIMATE DRIVE:
NET ZERO READINESS CHECK
WHAT IS THE CLIMATE DRIVE?
The Climate Drive is a digital platform designed to accelerate climate action progress along value chains.
It has been developed by the World Business Council for Sustainable Development (WBCSD) in close collaboration with over 40 global companies, as well as academic partner Oxford Net Zero and WBCSD’s Australian, Brazilian and Taiwanese Global Network Partners. The platform is now available in beta version, with plans to release its first fully-functioning version by 2024.
The Climate Drive aims to support companies across all sectors to implement their emissions reduction targets, by centralising and simplifying access to latest knowledge on corporate net zero and linking it to trusted, actionable and industry-specific decarbonization guidance. If successful, in 2030, at least 50,000 companies could learn, act and collaborate on the platform, covering approximately 30% of global emissions.
THE NET ZERO READINESS CHECK
The “Net Zero Readiness Check”, developed by Oxford Net Zero, will enable users to assess the readiness of their organisation along the common expectations from the Top 33 Net Zero initiatives and standards and identify key next steps to align with them.
QUESTIONS AND METHODOLOGY
The global commitment to the Paris Agreement in 2015 sparked an international mobilisation by both state and non-state actors committing to net zero. Since then, a robust consensus has developed as to what net zero means for non-state actors, particularly those in the private sector.
To help businesses navigate this landscape of guidance on net zero, and check their net zero readiness, Oxford Net Zero mapped the landscape of guidance and built a business-orientated Net Zero Readiness Check based on common guidance across leading initiatives. In our mapping, we found key areas of alignment on core net zero criteria and significant cross-referencing between initiatives. These form the basis of the readiness check, a digital tool hosted on the Climate Drive, in collaboration with the World Business Council for Sustainable Development, which will serve as a simple checklist for companies to self-assess their own progress and gaps on their path to net zero.
This Net Zero Readiness Check covers common best guidance at each stage of a net zero journey, including Targets, Leadership Preparation, Measurement, Reduction, Removal and Reporting.