Carbon Disclosure Project - The Case for City Disclosure
Table 1: How disclosure can help drive investment within cities Benefits of disclosure
Levers for driving investment
Making the city a great place to…
• Increase likelihood of attracting funds – Global investment funds (e.g., the World Bank) are more likely to award funding to those cities that can show positive sustainability motives.
“Yokohoma city has committed to a 30% reduction in greenhouse gas emissions per citizen by 2025. One of the city’s aims is to promote “low carbon urban planning” through the fostering of environment and clean energy industries that contribute to economic growth.”22
Yokohama, Japan Visit
• Better ability to show return on investment – Disclosure will enable cities to articulate return on investment for sustainability-related investments through better quality data.
• Show the city’s competence to adapt – Cities can be transparent about the action they are taking to proactively mitigate risks and adapt to climate change.
• Support businesses and investors within the city to understand their risks – Businesses can more effectively assess a city’s risk to climate change events and more readily assess their exposure to new regulations such as carbon taxation.
• Help businesses to diversify – Disclosure helps cities to recognize the new business opportunities offered by the clean tech sector.
• Demonstrate a progressive attitude – Universities and students are attracted to progressive cities that can articulate their climate change strategy and their dynamism in responding to modern-day issues.
• Support educational facilities to meet their carbon obligations – Reporting can help institutions to achieve their carbon goals as public entities.
• Drive innovation – Disclosure and sustainability action plans can drive R&D efforts and innovation in clean tech and sustainable urbanization.
• Marketing tool – Cities promoting sustainable initiatives can use disclosure as a major marketing and branding asset to draw the increasing numbers of environmentally conscious tourists.
• Sustainable attractions – Disclosure and, in turn, sustainability action plans, can provide new opportunities for sustainable “edutainment” (e.g., bike hire schemes).
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