CURRENT GRANTEES

Here is some of the work we’re currently supporting, with more grants in the pipeline:

• InfluenceMap
  Holding Companies Accountable on Climate Policy Engagement (LobbyMap)
  Climate Arc is funding Influence Map’s LobbyMap initiative which tracks the policy influence corporates, financial institutions, and industry associations engage in for and against climate policies. The goal of this work is to make transparent the corporate influencing against climate policies so that investors, policymakers, and other influencers can act to align climate policy with climate commitments. Lobby Map’s data and analysis provides essential information about whether companies are being consistent between their climate commitments and the policies they support and oppose.

• RMI
  PACTA 2.0
  Climate Arc is providing a grant to RMI for the Paris Agreement Capital Transition Assessment’s (PACTA) tool that helps financial decision-makers bridge the gap between their net-zero commitments and real-world investment decisions. PACTA has already proved useful in assessing the asset level data of portfolios, albeit the tool needs to be revamped. This grant will enable RMI to undertake the scoping, development and launch of PACTA 2.0. Over the period covered by the grant, PACTA will conduct a needs assessment among key PACTA users, develop iterative versions of the tool for each user group, test new version of the tool and launch PACTA 2.0.

• Science Based Targets initiative (SBTi)
  Target-setting methods and guidance for insurers
  The SBTi defines and promotes best practice that enables corporates and financial institutions to set emissions reduction targets in line with climate science. It is a partnership between the World Resources Institute, CDP, the United Nations Global Compact and the World Wide Fund for Nature. Our grant is supporting SBTi in its collaboration with the Net Zero Insurance Alliance (NZIA) to develop target-setting methods, validation criteria and guidance to enable the insurance industry to set near-term and long-term science-based net-zero targets. This work builds on NZIA’s work with the Partnership for Carbon Accounting Financials on measuring emissions associated to insurance underwriting portfolios.

• TPI Global Climate Transition Centre
  Core funding 
  Arc is providing multi-year funding to support the TPI Centre, an independent, authoritative source of research and data on companies’ progress in transitioning to a low-carbon economy. Based at the London School of Economics and Political Science, the TPI Centre is scaling up key accountability tools and benchmarks that track the delivery and robustness of corporate commitments and transition plans. This informs investor decision making, including voting, board director elections and the financing of corporate and government debt.

• World Benchmarking Alliance (WBA)
  Scaling up assessments of companies’ low carbon transitions
  The WBA seeks to hold businesses accountable through creating freely available rankings that assess the progress of 2,000 of the world’s most influential companies on the Sustainable Development Goals. With Arc’s grant (renewed twice), WBA has deeply integrated climate into their strategy and better met the needs of financial institutions. This includes scaling up WBA’s benchmarking of the decarbonization and energy transitions of companies in high-emitting sectors using the ACT (Assessing low-Carbon Transition) methodology and strengthening engagement with investors and policymakers.

• Oxford University
  Resilient Planet Data Hub
  The Hub aims to deliver the first open, globally consistent physical climate risk and resilience data and information designed to enable financial institutions, governments, civil society and international organizations to assess risks and mobilize finance and investment aligned with climate-resilient development goals of the Paris Agreement. Arc’s seed grant to GRII during its pilot phase will establish a UKCGFI GRII Hub at Oxford University to accelerate the initiative and deliver advancements in the core data platform. Partners include the Insurance Development Forum (IDF), UN Office for Disaster Risk Reduction (UNDRR), Coalition for Disaster Resilient Infrastructure (CDRI), Coalition for Climate Resilient Investment (CCRI), and the Global Earthquake Model (GEM).

• Carbon Tracker Initiative (CTI)
  Climate Accounting and Audit Assessment 
  CTI is an independent financial think tank that carries out in-depth analysis on the impact of the energy transition on capital markets and the potential investment in high-cost, carbon-intensive fossil fuels. CTI’s analyses help to verify whether companies are decarbonizing in line with the Paris Agreement, mapping climate-related risks and opportunities for investors. Our grant will contribute to the data collection and analysis components of CTI’s work on climate auditing, accounting, and disclosure, which assesses whether climate risks are integrated into companies’ financial statements. The results feed into the Climate Action 100+ (CA100+) investor coalition’s Net Zero Benchmark.

• Partnership for Carbon Accounting
  PCAF is a global partnership of financial institutions that develop and implement a harmonized approach to disclosing the GHG emissions associated with their loans and investments. PCAF’s signatories include over 400 financial institutions globally, representing over $90 trillion in assets. Arc’s grant is helping PCAF to position itself for long-term sustainability with a strengthened governance and business model. This will enable expanding the scope of PCAF’s global GHG accounting standard for financial institutions, including exploring additional asset class methods, and increasing the number of financial institutions using the standard and disclosing emissions.

• Climate Bonds Initiative (CBI)
  Transition Investment Category Methodology
  Arc is supporting CBI to map and navigate the many interpretations of ‘transition finance’, with the ultimate ambition of accelerating asset allocation to transitioning companies to progressively decarbonize high-emitting assets. Supported by an expert group including IIGCC, SMI and GFANZ, CBI has mapped the degree of aligmnent of existing guidance on transition finance and highlighted areas of further work needed. CBI is also creating a navigator tool that enables financial institutions to orientate their corporate prortfolios in a way that is consistent with those frameworks.

• Global Canopy
  Ramping up data-driven accountability and action for market-driven deforestation
  Arc is supporting Global Canopy to expand the depth and breadth of its data and tracking on market-driven deforestation: Forest IQ, Forest 500, Deforestation Action Tracker. These platforms provide easy-to-use information that highly exposed organizations can use to better identify and act on risks in their operations, supply chains and financing.