The original version of this story first appeared on the Microsoft Green Blog.
Late last week, the CDP (formerly Climate Disclosure Project) released a report [PDF] outlining 29 companies, across various industries, that voluntarily have incorporated an internal carbon price as a strategic planning tool. This report detailed organizations including oil companies and tech giants, entertainment companies and others that are holding themselves accountable for the carbon pollution released into the environment as a result of daily operations.
As one of those companies that has put a price on carbon, we at Microsoft now have a common language for how to drive awareness around and begin to reduce emissions. It's made environmental sustainability an increasingly important part of how we do business.
Today, we are taking our experiences and learnings to the masses and are pleased to release a "Carbon Fee Playbook" that provides a comprehensive overview of our approach to creating and implementing an internal carbon price and fee.
Details on the guide
The guide provides a five-step process that any interested company or organization can take and customize for inclusion in future business and financial strategies. It is designed for leaders interested in learning more about Microsoft's fee, why it might be helpful to their organization and how to go about implementation.
Mindy Lubber, president of CERES, provides a forward for other organizations to consider as they read through the playbook:
"In this paper, Microsoft provides the nuts and bolts of its own unique model, making the design, goals and process transparent so you can assess its viability for your own organization."
Our hope with this guide is exactly that: To demonstrate how the creation of a carbon fee model can be simplified, and what a large impact it can make on an organization to drive behavioral change.
The CDP report found that "mainstream businesses find the use of carbon pricing to be realistic, prudent and useful," as many expect an eventual regulatory approach in some form to address climate change. This is something we've internalized at Microsoft through the implementation of our carbon fee and we're happy to see other large companies finding business value through a similar approach. We believe this is only the beginning.
You can download, read and share the carbon playbook here.
We also have partnered with Corporate EcoForum on a webinar from noon to 1 p.m. EST Dec. 16 in which TJ DiCaprio, chief architect of Microsoft's carbon fee model and author of the playbook, will share lessons learned and key recommendations from the new Guide. The webinar is only available to Corporate EcoForum members, but you can click here to RSVP.
Playbook photo by winui via Shutterstock