Transition to a Low-carbon Economy: Public Goals and Corporate Practices

29 November 2010 - Green and growth go together: the business case for a low-carbon economy

Date of publication
25 November 2010

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Companies are increasingly aware of the need to address climate change. However, while many companies are taking action to address climate change, many others are still lagging behind.  This report surveys responsible business practices addressing climate change and driving the shift to a low-carbon economy. It summarises policies, regulations and other instruments in support of a low-carbon economy in OECD countries and emerging economies, and analyses corporate responses to these drivers.

Using the principles of responsible business conduct identified in the OECD Guidelines for Multinational Enterprises, this report reviews three key areas of corporate action:

• accounting for greenhouse gas emissions
• achieving emissions reductions
• engaging suppliers, consumers and other stakeholders

What actions has your company taken to
reduce GHG emissions related to its operations?

The OECD Survey on business practices to reduce GHG emissions was carried out between March and June 2010. In total, 63 companies from 16 countries responded, covering a broad range of sectors (energy, mining, industry, food, pharmaceutical, financial services). The survey aimed to fill information gaps, highlight the difficulties met by companies in dealing with emissions reduction and reflect companies’ expectations on government measures that would support business practices.