New Corporate Carbon Pricing tool for companies

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Trucost

Trucost, part of S&P Dow Jones Indices, has launched the Corporate Carbon Pricing Tool for companies, to help them to assess exposure to evolving regional carbon pricing mechanisms. The insights are designed to help companies better understand the potential business case for greener products and business models, for example to prioritize regional investment in green technology, resource efficiency or different product strategies.

The tool combines a company’s greenhouse gas emissions and financial performance data with Trucost’s regional carbon pricing information to provide insights on carbon pricing risks out to 2030. Trucost has curated a global database of current carbon regulations, emissions trading schemes, fuel and other taxes, and potential future carbon pricing scenarios designed to achieve the goals of the Paris Agreement to limit global warming to 2°C or less.

The tool models the progressive closure of the spread between carbon prices today and in the future, considering science-based scenarios and climate change commitments. It also comes preloaded with available competitor data, allowing companies to benchmark and compare financial risk exposures.

Libby Bernick, Global Head of Corporate Business, Trucost, part of S&P Dow Jones Indices, said: “Companies are trying to make sense of the pace at which legislators in different countries, states and cities are implementing carbon regulations. Because these regulations could drive up the cost of fossil-fuel-based energy and carbon-intensive raw materials, increasing operating costs and reducing profit margins, companies need robust data and analytics to help inform financial decisions over investments in energy efficiency, low-carbon innovation and renewable energy. Trucost’s Corporate Carbon Pricing Tool provides a solution for companies that want to get ahead of carbon regulation and continue to grow their businesses.”

For more information about Trucost’s Corporate Carbon Pricing Tool, please visit https://www.trucost.com/corporate-advisory/carbon-pricing-tool/

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