Skip to content

Select your location.

It looks like your location does not match the site. We think you may prefer a ClientEarth site which has content specific to your location. Select the site you'd like to visit below.

English (USA)

Location successfully changed to English (Global)

Follow us

Support us Opens in a new window Donate
Return to mob menu

Search the site

Climate accountability | 16 October 2020

Principles for Paris-alignment
Climate accountability

PDF | 237 kb

Download Item

Principles for Paris-alignment

Climate change is a systemic threat to the social, economic and financial systems we depend on. A strategic response to systemic climate risk demands that business and investors set and pursue ‘Paris alignment’ or ‘net-zero’ strategies – hundreds of firms are now doing so.

As this new norm develops, business, investors, regulators and legislators must aim to maximise ambitions for reducing real-world greenhouse gas (GHG) emissions and to minimise the risks of ‘greenwash’.

To ensure that bold ambition is translated into real action, we believe that a principles-based approach, supported by clear, non-negotiable ‘Red lines’ can help strike the required balance between flexibility and credibility. Based on a review of existing methodologies, in this Position Paper, we propose three overarching ‘Paris-alignment principles’ and 10(+1) corresponding ‘Red lines’, that we believe should underpin all ‘Paris-alignment’ or ‘net-zero’ claims, initiatives and legislative interventions.