Key Insights
➢ Uptake in the use of ICP; 40 companies disclose their carbon price in FY in their annual reports or CDP survey as compared to 29 in FY22.
➢ Usage of carbon pricing in company strategies may be conservative or enterprising irrespective of easy-to-abate or hard-to-abate business type.
➢ For the sample of 40, emission intensive companies have a weak negative correlation between carbon productivity and size of operations.
➢ In less intensive sectors, a strong positive correlation between carbon productivity and size of operations implies presence of economies of scale.