Data tracker: are companies turning climate ambition into responsible advocacy?
In June 2023 the We Mean Business Coalition, with the support of the Responsible Policy Engagement (RPE) taskforce, published Ambition to Advocacy: a framework for responsible policy engagement. The framework outlines how and why companies must work to meet the rising expectations of them, from investors and other stakeholders, to cut emissions through vocal support for pro-climate policies.
By following the RPE Framework, companies committed to the Science Based Targets initiative (SBTi) will meet the criteria for the Race to Zero (RTZ)’ s 5th P, ‘Persuade’. Climate advocacy disclosures and industry association reviews for larger companies are also a recommendation within the Race to Zero’s 5th P, Persuade, handbook.
To better integrate and track the links between corporate climate ambition and advocacy, the Coalition has worked with SBTi and InfluenceMap to create the below snapshot of where companies currently stand.
Towards accountability: tracking companies’ advocacy
As companies with science-based targets put RPE into practice, we expect to see an improvement in companies’ scores in InfluenceMap’s analysis. Over time, as more companies disclose their advocacy through platforms including CDP, stakeholders will be able to gain a fuller picture of how companies are turning their climate ambition into vocal pro-climate advocacy.