Companies find carbon costing aids strategic planning

Carbon taxAmong the reasons governments give for not introducing carbon taxes designed to reduce emissions is that they can be politically tough to impose. However, in the absence of such levies, some companies are doing it themselves: by putting their own price on the emissions generated by their operations.

Companies using internal carbon pricing are essentially putting a monetary value on the carbon they emit through their operations. However, while that sounds relatively simple, the way carbon pricing tools are implemented varies considerably, as do the prices and objectives set by the companies using them.

At Microsoft, for example, the internal carbon fee the company introduced in 2012 helps fund purchases of renewable energy and sustainable aviation fuel, as well as carbon removal initiatives such as forestry, direct air capture, and carbon sequestration projects.”, with more than 60 per cent of CDP respondents saying they use this tool.

And, while it is relatively simple to impose a carbon fee on things like business travel, for many companies their own operations represent a fraction of their carbon footprint. Most of it is generated in supply chain operations, which are far harder to control.

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