Setting an internal carbon pricing (ICP) is emerging as a powerful tool for companies to integrate climate considerations into core business decisions. By assigning a monetary value to each tonne of greenhouse gas emissions, ICPs help companies factor climate costs and risks into strategic decision-making.
At its core, internal carbon pricing brings CO2 onto the balance sheet and into financial planning, moving it out of the realm of corporate social responsibility and into day-to-day business management.
Our new white paper explores how Ieading organisations use ICPs to drive decarbonisation investments, build dedicated climate budgets and hedge against future carbon regulations. It will help you take the first steps towards setting and implementing this tool in your business.
Download the guide here.
What will you learn from our guide on internal carbon pricing?
Our white paper is designed as a practical guide to using internal carbon pricing, providing implementation strategies and insights for businesses based on global best practices. It outlines:
The strategic benefits of using an internal carbon price
- Integrating climate risk into business decisions
- Hedging against future carbon costs
- Drive measurable emissions reductions
How internal carbon pricing can fund climate action with real use cases
- Creating the budget to invest in internal emissions reductions
- Financing climate action beyond the value chain
- Offsetting or removing residual emissions
- Supporting climate resilience and adaptation projects
Strategies and best practices for implementing ICP
- Define clear objectives and scopes
- Determine the right price level (and adjust over time)
- Integrate ICPs into financial processes
- Secure buy-in through engagement and co-benefits
- Start small and scale up
- Implement complementary policies and systems
Case studies and examples of implementing internal carbon pricing
- A.P. Moller – Maersk
- Microsoft
- Swiss Re
- Unilever
- Disney
The white paper wraps up with six key actionable insights for sustainability and procurement leaders looking to implement ICPs.
Ultimately, our white paper shows how ICPs can play a crucial role in shifting sustainability more firmly into the realm of business and finance, enabling C-suite leaders to make risk-averse, informed and future-proofed decisions – while also benefiting the planet.
About Abatable
Abatable is the integrated carbon market solution. We develop next-generation tools to allow organisations to efficiently source and utilise high-quality carbon credits as part of their sustainability strategies. Our carbon market solutions are built on a foundation of cutting-edge technology and deep carbon project developer relationships, enhanced by our extensive expertise. We are a trusted partner for organisations looking to go beyond transactional relationships to create long-term impact through carbon markets.
Contact us to find out how we can help you navigate the carbon market and source high-quality carbon credits.
