Revision as of 12:12, 17 October 2016

General

Name of initiative	Business Leadership Criteria on Carbon Pricing
LPAA initiative	Yes
NAZCA Initiative	Yes
Website address	https://www.unglobalcompact.org/docs/issues_doc/Environment/climate/Carbon_Pricing/C4C_CarbonPricing_2014.pdf
Related initiatives	Parent initiative: Caring for Climate Related: Responsible Corporate Engagement in Climate Policy
Starting year	2014
End year
Secretariat	UN Global Compact, Jayoung Park, e-mail: park10@un.dk or commit@cdp.net; +1.646.884.7514
Organisational structure	UNEP, UNFCCC secretariat, Principles for Responsible Investment, World Resources Institute, CDP, The Climate Group, UN Foundation, Carbon Pricing Leadership Coalition led by the World Bank Group.
Geographical coverage
Name of lead organisation	United Nations Global Compact
Type of lead organisation	International organisation
Location/Nationality of lead organisation	United States of America

Description

Description	The Business Leadership Criteria on Carbon Pricing of the United Nations was launched during the occasion of the UN Secretary-General’s Climate Summit in September 2014. The Leadership Criteria form one of the workstreams of the Carbon Pricing Leadership Coalition led by the World Bank Group. The initiative is promoted by CDP and the We Mean Business coalition.
Objectives	The Business Leadership Criteria on Carbon Pricing is designed to inspire companies to reach the next level of climate performance and set a high bar for companies to commit. By signing up, companies commit to align their actions with three core elements: •Set an internal carbon price high enough to materially affect investment decisions to drive down greenhouse gas emissions; •Publicly advocate the importance of carbon pricing through policy mechanisms that take into account country specific economies and policy contexts; and •Communicate on progress over time on the two criteria above in public corporate reports.
Activities
One or two success stories achieved

Monitoring and Impacts

Function of initiative	Political dialogue
Activity of initiative	Policy planning and recommendations
Indicators
Goals
Comments on indicators and goals
How will goals be achieved
Have you changed or strenghtened your goals
Progress towards the goals	We are currently in the planning stages of reaching out to our stakeholders to assess the progress to date since COP21. A survey is scheduled for early July.
How are you tracking progress of your initiative
Available reporting

Participants

Participants

Number

Names

Members

0

Companies

0

Business organisations

0

Research and educational organisations

0

Non-governmental organisations

0

National states

0

Governmental actors

0

Regional / state / county actors

0

City / municipal actors

0

Intergovernmental organisations

0

Financial Institutions

0

Faith based organisations

0

Other members

0

Supporting partners

0

Number of members in the years

2019

74

Have only national states as participators

Theme

Transport	Agriculture	Forestry	Business	Financial institutions	Buildings	Industry	Waste	Cities and subnational governments	Short Term Pollutants	International maritime transport	Energy Supply	Fluorinated gases	Energy efficiency	Renewable energy	Supply chain emission reductions	Adaptation	Other	Resilience	Innovation	Energy Access and Efficiency	Private Finance
No	No	No	Yes	No	No	No	No	No	No	No	No	No	No	No	No	No	No	No	No	No	No

Last update: 16 June 2020 09:11:44

Not only have national states as participators

@@ Line 4: / Line 4: @@
 |NAZCA Initiative=Yes
 |Website address=https://www.unglobalcompact.org/docs/issues_doc/Environment/climate/Carbon_Pricing/C4C_CarbonPricing_2014.pdf
+|Starting year=2014
-|Description=The Business Leadership Criteria on Carbon Pricing of the United Nations was launched during the occasion of the UN Secretary-General’s Climate Summit in September 2014. The Leadership Criteria form one of the workstreams of the Carbon Pricing Leadership Coalition led by the World Bank Group. The initiative is promoted by CDP and the We Mean Business coalition.
+|Secretariat=UN Global Compact,  Jayoung Park, e-mail: park10@un.dk or commit@cdp.net; +1.646.884.7514
+|Organisational structure=UNEP, UNFCCC secretariat, Principles for Responsible Investment, World Resources Institute, CDP, The Climate Group, UN Foundation, Carbon Pricing Leadership Coalition led by the World Bank Group.
-|Goals=The Business Leadership Criteria on Carbon Pricing is designed to inspire companies to reach the next level of climate performance and set a high bar for companies to commit. By signing up, , companies commit to align their actions with three core elements:
+|Name of lead organisation=United Nations Global Compact
+|Type of lead organisation=International organisation
+|Location/Nationality of lead organisation=United States of America
+|LPAA Theme Transport=No
+|LPAA Theme Agriculture=No
+|LPAA Theme Forestry=No
+|LPAA Theme Business=Yes
+|LPAA Theme Financial institutions=No
+|LPAA Theme Buildings=No
+|LPAA Theme Industry=No
+|LPAA Theme Waste=No
+|LPAA Theme Cities and subnational governments=No
+|LPAA Theme Short Term Pollutants=No
+|LPAA Theme International maritime transport=No
+|LPAA Theme Energy Supply=No
+|LPAA Theme Fluorinated gases=No
+|LPAA Theme Energy efficiency=No
+|LPAA Theme Renewable energy=No
+|LPAA Theme Supply chain emission reductions=No
+|LPAA Theme Adaptation=No
+|LPAA Theme Other=No
+|LPAA Theme Resilience=No
+|LPAA Theme Innovation=No
+|LPAA Theme Energy Access and Efficiency=No
+|LPAA Theme Private Finance=No
+|Description=The Business Leadership Criteria on Carbon Pricing of the United Nations was launched during the occasion of the UN Secretary-General’s Climate Summit in September 2014. The Leadership Criteria form one of the workstreams of the Carbon Pricing Leadership Coalition led by the World Bank Group. The initiative is promoted by CDP and the We Mean Business coalition.
+|Goals=The Business Leadership Criteria on Carbon Pricing is designed to inspire companies to reach the next level of climate performance and set a high bar for companies to commit. By signing up, companies commit to align their actions with three core elements:
 •Set an internal carbon price high enough to materially affect investment decisions to drive down greenhouse gas emissions;
 •Publicly advocate the importance of carbon pricing through policy mechanisms that take into account country specific economies and policy contexts; and
 •Communicate on progress over time on the two criteria above in public corporate reports.
+|Participants=The Business Leadership Criteria on Carbon Pricing is an initiative of the UN Global Compact through its Caring for Climate platform – a partnership among UN Global Compact, UNEP, and UNFCCC secretariat. All governance matters including working arrangements follow the broader guidelines of the Caring for Climate:
-|Secretariat=UN Global Compact,  Jayoung Park, e-mail: park10@un.dk or commit@cdp.net
+Governance: http://caringforclimate.org/about/governance/
-|Type of lead organisation=International organisation
+Website: https://www.unglobalcompact.org/take-action/action/carbon
-|Location/Nationality of lead organisation=United States of America
+A Business & Investors Working Group comprising 40+ business leaders, 10 country networks and partners including PRI, WRI, CDP, The Climate Group, UN Foundation as well as the Carbon Pricing Leadership Coalition have guided and provided input to developing knowledge and content on carbon pricing.
-|LPAA Theme Business=Yes
+|Members=In line with its second criterion on public policy engagement, the UN Global Compact is engaging with its local networks to host carbon pricing dialogues at the country level. It has convened local dialogues or consultations on carbon pricing and business in key countries in 2015:
+Brazil
+Canada
+China
+France
+South Africa
+United Kingdom
+United States
+Nordic Region
+Global Compact China hosted a special session on carbon pricing at the 2015 China Summit on Caring for Climate discussing the implications for carbon markets in China, role of state-owned enterprises and mobilizing leadership.
+For 2016-2017, the initiative seeks to replicate and scale up the local network engagement model to facilitate public-private carbon pricing dialogues or consultations that support specific NDCs that cover carbon pricing.
+|Short and long-time objectives=The UN Global Compact seeks to mobilize business support towards the long-term objective of achievement a carbon price applied throughout the global economy. The two  interlinked objectives for 2016-2017 are to:
+•	Contribute to mobilizing business around the world to take a leadership stance on carbon pricing with a view to expand quality corporate commitments.
+•	Encourage governments to develop policies that can lead to a meaningful price of carbon on the market.
+Aligned with the below 2-degree Celsius pathway, the initiative asks companies to:
+(1) Set an internal carbon price high enough to materially affect investment decisions to drive down greenhouse gas emissions;
+(2) Publicly advocate the importance of carbon pricing through policy mechanisms that take into account country specific economies and policy contexts; and
+(3) Communicate on progress over time on the two criteria above in public corporate reports.
+To date, 69 companies with a total market capitalization of over USD 2.0 trillion across 20 sectors have committed to integrate carbon pricing into corporate long-term strategies and investment decisions.
+For COP22, the initiative seeks to expand its signatory base to up to 100 companies that commit to the leadership criteria and to present findings from up to 10 local level carbon pricing dialogues.
+During the occasion of the Paris Agreement Signing Ceremony at the United Nations on 22 April 2016, the UN Global Compact in consulting with UN partners has made a call to companies participating in Caring for Climate to take a leadership position and adopt the $100 price on carbon by 2020.
+Based on work with approximately 70 companies that have already internalized a price on carbon, the UN Global Compact believes that $100 is the minimum price needed to spur innovation, unlock investment and shift market signals in line with the 1.5 to 2-degree Celsius pathway.
+The broader vision and objective of the initiative is to reach a point where critical mass of companies around the world are aligning with the leadership criteria and applying an ambitious price on carbon.
+|Progress that has been made by your initiative=We are currently in the planning stages of reaching out to our stakeholders to assess the progress to date since COP21. A survey is scheduled for early July.
+|Tracking mitigation progress (quantitative)=All companies that have aligned with the leadership criteria are asked to report annually on progress through the UN Global Compact Communication on Progress, CDP, and other relevant public reports.
+We also conduct surveys and interviews throughout the year to assess impact. As mentioned in question 3, we plan to conduct a survey to all participants of the initiative.
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