Resources for the Private Sector
A growing body of evidence suggests that corporate disclosure and action on climate change makes good business sense. Disclosure of climate risk and mitigiation strategies have been linked with higher performance on key financial metrics: return on equity, cash flow stability, and dividend growth. Today, the number of companies embedding an internal carbon price into their business strategies stands at over 1,300 companies, up from 140 in 2014. These include more than 100 Fortunate Global 500 companies with collective annual revenues of around $7 trillion.
Private Sector Leaders
Mahinda's Carbon Pricing Model
Mahindra’s carbon price is a commitment to invest in technologies and practices that reduce the company’s carbon footprint in the journey towards carbon neutrality. It supports Mahindra’s goal of doubling energy productivity by 2030 and reducing carbon emissions by 25% over the next three years. Announced in October 2016, the carbon price is already resulting in significant operational cost savings while driving innovation and alternative thinking within the business. Showcasing Mahindra’s experience marks the fourth webinar of the Internal Carbon Pricing: Practical Experiences from the Private sector series, in partnership with the World Economic Forum and the Carbon Pricing Leadership Coalition.
DSM's Internal Carbon Price
Yale Carbon Charge
Yale University has taken an innovative approach to internal carbon pricing. During the 2015 to 2016 academic year, a pilot project in 20 buildings tested the design and implementation of four information and incentive schemes. In 2017, Yale University expanded its experiment to 60 buildings, representing over 100,000 tCO2e, and focusing on two pricing mechanisms. This webinar shares the experiences and insights gathered to date, and in particular will highlight the challenges and learning that are now shaping the next phase of implementation.
Private Sector Leadership through the CPLC
Internal Carbon Pricing – Stress Testing Business for Climate Change Risk (TalkingPoints brief from Trucost, a division of S&P Global, 2017)
Carbon Market Readiness Training Guide (IETA, B-PMR, 2017)
Internal Carbon Pricing, A Growing Corporate Practice (English and French, EpE, I4CE, 2016)
Carbon Pricing: what the business sector needs to know to position itself (CEBDS and CDP, 2016)
Embedding a Carbon Price Into Business Strategy (CDP, 2016)
Executive Guide to Carbon Pricing Leadership
(UN Global Compact, WRI, 2015)
Emerging Practices in Internal Carbon Pricing
Investing in a Time of Climate Change
Preparing for Carbon Pricing: Case Studies from Company Experience - Royal Dutch Shell, Rio Tinto, and Pacific Gas and Electric Company
(Partnership for Market Readiness, 2015)
Markets Matter: Greenhouse Gas Markets 2014
Caring for Climate Business Leadership Criteria on Carbon Pricing
(UN Global Compact, 2014)