Beyond Commitments: A Canbury Insights analysis using IGCC’s Capital Allocation Alignment Framework 

Most large emitters now have credible climate plans. This analysis asks what happens when you look at the capital provisions behind them. 

Beyond Commitments assesses disclosed capital allocation practices across 26 high-emitting companies — 13 ANZ CA100+ companies and global peers — spanning Australia, New Zealand, Europe and the Americas. 

What the analysis found 

The cohort averages 2.1 out of 3 on climate strategy. On capital instruments — the financing mechanisms that fund the transition — it averages 1.1. 

• 65% of companies score low on capital instruments, lacking credible green-finance frameworks with externally verified targets 

• Transition investment is a relative strength, but forward-looking capex disclosure against a recognised taxonomy remains rare 

• Phase-down trajectories vary significantly, particularly among Australian-listed resources companies 

• European-headquartered companies score materially higher than Australian, New Zealand and Americans-listed peers — reflecting both regulatory environment and the depth of local sustainable finance markets 

The report translates these findings into five engagement questions for stewardship conversations in 2026. 

Read the report  

The analysis draws on publicly disclosed information only. Reporting periods vary across the cohort. Findings are intended to inform engagement planning, not as a standalone assessment of individual companies.