Private Sector

The Climate Change Commission (CCC) has engaged the private sector in the various activities, with the support of the Low Emission Capacity Building (LECB PHL) Project. The private sector is represented in the: (1) National Steering Committee which acts as the Project Board that provides overall guidance and direction in implementing the project; (2) in the Core Technical Working Group (TWG); and, (3) in the sectoral TWGs established in the different focus sectors of agriculture, waste, industry, transport, forestry and energy (AWIT-FE). The government also partnered with the business sector and enhanced synergies through the annual Business Summits which began in 2013 and has now expanded to include regional Summits starting 2017, with the objective of engage the private sector in climate change adaptation and mitigation activities.

To develop long-term comprehensive climate change strategies with the private sector, private/business sector leaders and partners are encouraged to set corporate-wide greenhouse gas (GHG) reduction goal and inventory their emissions as a business practice to track or measure the same. Through the LECB PHL Project, an inventory protocol was developed which would define how they (through industry associations/organizations) inventory and report their GHG emissions. A company would have a better understanding of its emissions profile and any potential GHG liability or “exposure” by regularly compiling its GHG inventory. A company’s GHG exposure is increasingly becoming a management issue worldwide in light of heightened scrutiny by the insurance industry, shareholders, and the emergence of environmental policies by governments that are designed to reduce GHG emissions.