At the 10th anniversary of the Paris Agreement, we have witnessed tangible progress from the joint efforts of the international community. The rapid growth of global emissions has been curbed to some extent, and the likelihood of catastrophic warming scenarios has been reduced. Nevertheless, the global climate situation remains severe, with extreme weather events occurring with increasing frequency. At this critical moment of heightened uncertainty in global climate governance, we believe that the decarbonization of global industrial and supply chains is more important than ever. In 2025, the Institute of Public & Environmental Affairs (IPE) once again conducted a quantitative evaluation of the climate actions of 800 Chinese and international companies across 23 industries. The evaluation covered five key dimensions—governance mechanisms, measurement and disclosure, carbon target setting, performance towards targets, and emission reduction actions—with the goal of identifying and promoting best practices to encourage global supply chains to accelerate their low-carbon transformation.