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. 


Feb 7, 2018 - In this webinar, Unilever and Ecofys shed light on the best practices for integrating a price on carbon. Unilever is committed to being "carbon positive" by 2030, which includes sourcing 100% of energy from renewable sources across all operations.

Dec 19, 2016 - Microsoft was one of the first companies to set a voluntary internal carbon fee. The innovative carbon pricing model has supported business operations, mitigated climate change, and driven culture change within the company and the broader community.


Private Sector Leaders

Climate Change is a reality. A price on carbon could provide an economic spur for nations and businesses to follow a low carbon path.
— Anand Mahindra, Executive Chairman of Mahindra Group

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.


Royal DSM

At Royal DSM, we apply an internal carbon price of €50 per ton CO2 equivalent when reviewing large investments. I call on business to do the same: it will make your business more future proof.
— Feike Sijbesma, CEO & Chairman of the Board, Royal DSM

DSM's Internal Carbon Price

The DSM team shares insights on the business case for setting an internal carbon price, how DSM’s carbon price works in practice and lessons learned from implementation. Featuring Feike Sijbesma, CEO of Royal DSM and Co-chair of the CPLC High Level Assembly, Geraldine Matchett (CFO and Managing Board Member), Maaike Lambrichts (VP Finance & Business Support) and Frank van den Boomen (Director Operational Excellence and Responsible Care).


Yale University

“As the first university to pilot-test a carbon charge program and the first university member of the CPLC, Yale is serving as a model for other communities and organizations. Yale’s carbon charge program is an important example of our commitment to curbing climate change and reducing greenhouse gas emissions.”

— Peter Salovey, President, Yale University

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



Reducing Risk, Addressing Climate Change Through Internal Carbon Pricing: A Primer for Indian Business (WRI India, 2018)

Internal Carbon Pricing – Stress Testing Business for Climate Change Risk (TalkingPoints brief from Trucost, a division of S&P Global, 2017)

C-Suite guide to internal carbon pricing Toolbox for creating corporate value (Ecofys, The Generation Foundation and CDP, 2017)

How-to guide to corporate internal carbon pricing -  Four dimensions to best practice approaches (Ecofys, The Generation Foundation and CDP, 2017)

Preparing Shipping Banks for Climate Change: How Can Internal Carbon Pricing Help Ship-Financing Banks in Risk Management? (CPLC)

Three notes on the management of climate-related risks by financial actors (I4CE, 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)

Shifting the carbon pricing debate: Emerging business attitudes fuel momentum for global climate action
(EY, 2015)

Putting a price on risk: Carbon pricing in the corporate world
(CDP, 2015)

Emerging Practices in Internal Carbon Pricing
(WBCSD, 2016)

Investing in a Time of Climate Change  
(Mercer, 2015)

Corporate Use of Carbon Prices: Commentary from Corporations, Investors and Thought Leaders 
(CDP, 2014)

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)

Climate Action and Profitability: CDP S&P 500 Climate Change Report 2014 
(CDP, 2014) 

Markets Matter: Greenhouse Gas Markets 2014 
(IETA, 2014)

Caring for Climate Business Leadership Criteria on Carbon Pricing
(UN Global Compact, 2014)