GLG Network Survey: Carbon Pricing

SURVEY DETAILS

GLG interviewed 70 senior executives working at multinational companies across the US and Europe.

What will you learn from this survey?

• These respondents commented on the various emission trading schemes and national carbon price that apply at present in the different countries of operations.
• The research also looked into the importance of the Scope 1, 2 and 3 emissions for different industries.
• Lastly, the survey captured the respondents’ views on which departments have the most influence in setting-up internal carbon prices.

Examples of findings:

• When asked what proportion of the operational costs are accounted for by a real (as opposed to shadow) carbon price, 54% of the experts mentioned more than 5%.
• In the US, 35% of the respondents stated that the c-suite is the department responsible for setting up the internal carbon price, whereas in Europe, most respondents (32%) selected the environmental/sustainability department.
• Overall, 70% of our experts consider it is very important for carbon price to be compared to other drivers in the future.

DELIVERABLES

The GLG Surveys team drafted the questionnaire with the support of GLG Network Member, Graham Weale, Professor for Energy Economics at the Centre for Environment, Resources and Energy, Ruhr University Bochum.

The standard deliverable includes: 

• 1 x Individual responses (“raw data”) in Excel.
• 1 x PPT report with aggregated data.
• Executive summary with key takeaways and highlights from the raw data.

SAMPLE QUESTIONS

• Which of the following emission trading schemes or national carbon price apply at present in the different countries of operations?
• From your experience, do companies have the same carbon price for all countries in which they operate, or does it differ between the European Union, UK and US?
• To what extent has the carbon price been driving your measures to reduce emissions as compared to other drivers?
• How is the internal carbon price derived?
• What is the relative importance of the Scope 1, 2 and 3 emissions for companies in your sector?
• In your view, approximately what proportion of Scope 1 emissions are covered by such schemes in your sector?

This survey is available to subscribers of the Energy and Industrials (EI) sector (Limited subscriptions and above). This offer includes the raw data file and a high-level presentation through PowerPoint. Please contact your GLG representative for details on your firm’s access.

Request other available and upcoming Network Surveys within the sector:

• GLG Tracker: UK Energy Industry II  ​- New!
  • Second survey to follow the first wave conducted in December 2021. 30 senior executives within the UK Energy industry discussed the current trends within the industry, focusing on the key market drivers and trends, including cost volatility, policy and regulation, customer demand, technology solutions and competition.
  • Questionnaire was drafted by the former MD for Ofgem.

• GLG Tracker: European Airports III – New! 
  • Third survey to follow the second wave conducted in October 2021 and the first one in May 2021. 50 senior executives working at airports in Europe discussed their expected passenger volume and main factors that can help or slow down the recovery to pre COVID-19 levels.
  • Questionnaire was drafted by Alex Kirby, former Senior Advisor to the Board of Directors at Gatwick Airport.

DISCLAIMER:

Please be advised that GLG Network Surveys operate differently than traditional GLG consultations, surveys, teleconferences, etc. and it is advisable that you consult with your firm’s legal and/or compliance department to review your use of the product and the payment for such work under your current subscription.

By downloading this document and/or participating in the Network Survey, you understand and agree that the information and material provided by GLG, including survey results and survey proposal information, is provided for your own insight and informational purposes only. You further acknowledge and agree that this is a Network Survey for multiple GLG clients, and the results will be provided to all GLG clients that agree to participate in the Network Survey and GLG clients that agree to purchase the Survey results in the future. All survey results do not constitute investment advice or a recommendation. In using this Survey, you agree to hold Gerson Lehrman Group and the Survey respondents harmless and free of all liability as a result of your use of this Network Survey, other than liability resulting from the gross negligence or wilful misconduct of the protected party. You otherwise agree to be bound by Gerson Lehrman Group’s Usage Policies in your interactions with Gerson Lehrman Group and your receipt of services. These Survey results are for are for client’s own use and client shall not redistribute, disseminate, publish, or display the same, in whole or in part, to any third parties or publicly without the prior written permission of Gerson Lehrman Group, except explicitly set forth in your agreement with GLG. This survey will be double-blinded to both client and respondent. GLG reserves the right to restrict the number of clients that can pre-commit access. These Network Surveys are priced outside of standard GLG subscriptions but at a substantially reduced price to commissioning a fully proprietary GLG Network Survey. Upon finding these terms acceptable, please send an affirmative confirmation via email, which GLG will file in its records. Once confirmed, please note that the Client’s agreement to purchase the Network Survey is a legally binding and irrevocable commitment. If the survey is not included within your subscription, GLG will invoice Client for the fees due for the Network Survey. Please note that some respondents may not be Network Members, and the Terms and Conditions of Network Membership would not apply to such respondents and detailed records for them will not be available aside from the information that GLG captures in the Network Survey.