Transition to a Low Carbon Economy : Public Goals and Corporate Practices Companies are increasingly aware of the need to address climate change. However while many companies are taking action to address climate change many others are still lagging behind. This report surveys responsible business practices addressing climate change and driving the shift to a low carbon economy. It summarises policies regulations and other instruments in support of a low carbon economy in OECD countries and emerging economies and analyses corporate responses to these drivers. Using the principles of responsible business conduct identified in the OECD Guidelines for Multinational Enterprises this report reviews three key areas of corporate action: accounting for greenhouse gas emissions; achieving emissions reductions; and engaging suppliers consumers and other stakeholders.