Transition to a Low-Carbon Economy

Public Goals and Corporate Practices

image of Transition to a Low-Carbon Economy
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; and engaging suppliers, consumers and other stakeholders.

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Executive Summary

The successful transition to a low-carbon economy is an overarching challenge that concerns society as a whole. As illustrated by the Copenhagen Accord pledges to reduce greenhouse gas (GHG) emissions, many governments recognise the need to act and to put their economies on a low-carbon path. Business, an important user of energy and a large source of emissions, but also a key vector of innovation and solutions, is a central actor in achieving these goals.

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