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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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Preface

The transition to a low-carbon economy has started. At the 2009 Copenhagen Conference on Climate Change, many governments committed to reduce their greenhouse gas emissions. Even though the Copenhagen pledges are not enough to contain temperature increases under the 2ºC target, achieving them still requires that governments, companies and civil society work together and implement important changes.

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