The colour of the Seal earned by companies upon implementation of their pledge will depend on the level of ambition shown in the pledge they submit.
They will then have a time limit by which to implement and submit proof of successful implementation of their pledged action to the Covenant in order to earn a Bronze, Silver or Gold Seal.
Bronze, Silver and Gold Seals
The Covenant of Companies will award Seals in three categories of Bronze, Silver and Gold to companies who report and provide proof of successful completion of their pledges.
The companies will receive the Seals in the form of certificates and social media assets. The Seals will illustrate to their customers and consumers the businesses’ climate-consciousness and progress towards decarbonisation.
When working towards the Bronze Seal (one measure), the company must have taken action within 12 months after pledging. The company is awarded the Bronze Seal when it can show it has taken one measure with support from a national/European programme and/or own investment.
When working towards the Silver Seal the company must have implemented several measures within 24 months after pledging. The company is awarded the Silver Seal when it can show that it has taken several measures with support from a national/European programme and/or own investment.
When working towards the Gold Seal the company must have implemented all the possible measures within 36 months. The company is awarded the Gold Seal if they can prove they have taken all possible measures available to them via national and European support schemes for which they are eligible (for their sector). Companies wishing to achieve net zero will be aligned with SBTi.