September 21, 2015, New York: Major multinational corporations including; Allergan, Campbell’s Soup, Colgate-Palmolive, Stanley Black& Decker, Exxon Mobile, General Electric, Nestle, Microsoft, Nissan and Volkswagen are assigning a price to their carbon emissions. Over the last year, they have tripled in number from 150 companies to 437 companies. Including the 583 companies that say they plan o use an internal carbon price in the next two years, over 1000 companies are now disclosing they currently price or will be pricing their carbon emissions to try to meet their climate change risks.

In Asia, over ten times as many corporations disclosed they put an internal price on their carbon emissions this year, among are LG, NEC and Hitachi. Corporations chose to use the prices applied (ranging from $1 per tonne to $357 per tonne) as part of their efforts to mitigate risk from current or potential regulation; drive investments in clean energy purchases or other GHG reduction activities and to prioritize energy efficiency. Lance Pierce, president for CDP North America says: “The world’s biggest corporations anticipate a future in which their carbon emissions carry a price. The disclosures to CDP detail how and why companies are pricing their own carbon pollution now to help build competitive advantage for the future”.