| The carbon tax is almost here. Since politicians do not | | | | Carbon Disclosure Project (CDP) is an independent |
| like to admit they raise taxes, it is being called a Cap | | | | not-for-profit organization which holds the largest |
| and Trade Initiative. | | | | database of corporate climate change information in |
| A key part of this movement is the carbon footprint | | | | the world. The data is obtained from responses to |
| of the company's ENTIRE supply chain, not excluding | | | | CDP's annual Information Requests, issued on behalf |
| the non foreign part of the process where they do | | | | of institutional investors, purchasing organizations and |
| not obey or really worry too much about American | | | | government bodies. Since its formation in 2000, CDP |
| level regulatory costs. In case some of you from | | | | has become the gold standard for carbon disclosure |
| service companies are thinking, glad I do not have to | | | | methodology and process, providing primary climate |
| worry. Start worrying. Service companies will be | | | | change data to the global market place. |
| required to measure this and impacted by it. There | | | | In addition, institutional investors' increasing focus on |
| already are websites like cdproject.net described in | | | | a company's carbon footprint liability provides more |
| more detail below and software programs being used | | | | evidence that the carbon tax will soon be a reality. In |
| for these estimates, and the investment banking | | | | fact, the website GlobalReporting.org shows the |
| analysts are already estimating what they are calling | | | | format institutional investors want for estimated |
| an off balance sheet financial liability. | | | | carbon usage. |
| If you weren't concerned about your company's | | | | Using that type information, analysts and the Chicago |
| carbon footprint in the past, it's time you started to | | | | Carbon Exchange can estimate your impact from the |
| focus attention on the impact the carbon tax will | | | | carbon tax and cost increases. |
| have on your company's operations and bottom line. | | | | How much attention does your strategic planning or |
| No company or industry will be exempt from the | | | | enterprise risk management process (ERM) devote |
| carbon footprint issue: the Green Movement's political | | | | to the clean energy transition and carbon tax impact |
| influence and public popularity is creating a perfect | | | | on your company?It's only a matter of time before |
| storm by which all companies will be levied a tax | | | | your company's carbon footprint may be seen as a |
| measured by their carbon footprint. | | | | liability that can impact your company's equity. How |
| To see how far this process is advanced, look at the | | | | will that impact your balance sheet, income |
| website for Cdproject.net . It states that: The | | | | statement and access to credit? |