Looking at the Benefits of Putting an Internal Price on Carbon
TD's Chief Environment Officer featured in CDP's "Corporate Use of Carbon Prices" report
By Karen Clarke-Whistler, Chief Environment Officer, TD Bank Group
How does our internal carbon pricing work? We calculate the cost of the RECs and carbon offsets on an annual basis and charge them back to our business groups based on the relative contribution of those groups to our overall carbon emissions. Our internal price on carbon is about $10 per tonne of CO²e.
Having an internal price on carbon aligns with our approach of embedding the environment across our business. We use a carbon price to engage our more than 85,000 employees in our carbon neutral initiative and make it a factor in just about everything we do.
Being carbon neutral and having an internal price on carbon has quite literally transformed the bank....
To read the full article, visit page 15 of CDP's Corporate Use of Carbon Prices.
