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Carbon reporting mandatory for all large UK companies

According to a new framework announced by the UK government, from April 2019 all large companies will have to report their carbon emissions and energy use  Tweet This!.

Every unlisted organisation with 250 or more employees, or an annual turnover over £36m and balance sheet total of more than £18m, will join listed companies that report their carbon performance since 2013. These new rules are aimed to help achieve, by 2030, an energy efficiency boost of 20%.

Working on this issue for nearly a decade, organising workshops and contributing extensive research, IEMA (Institute of Environmental Management and Assessment) saw this move as a “significant step forward”.

According to IEMA policy lead, Nick Blyth: “Mandatory reporting will support improved energy management and provide a helpful level playing field for businesses.”

Companies will be reporting carbon emissions in their annual reports, in alignment with the Taskforce on Climate-related Financial Disclosures.

Combined with other policy initiatives, these new rules will, said the government, bring about a net societal benefit of up to £1.5bn.

 

READ ALSO: “Hothouse Earth”: The Earth is at risk of becoming uninhabitable due to global warming

Note by the Editor:

How do we accelerate the transition to an emission-free global economy?

Approximately 90% of the global business is accounted for by SMEs who are not doing much over and beyond compliance. All business of every size needs to self-regulate and drive emissions out of supply chains. For example, it is not enough for a large e-commerce company to just deal with the emissions it is directly responsible for (e.g. a few company cars). If it heavily relies on external courier services for delivery of orders, how is it dealing with their emissions? Is this company using, for instance, GRI Standard 308 Supplier Environmental Assessment in combination with GRI 305 Emissions to assess and choose suppliers which have the lowest or no emissions? That is the key in our view to accelerating the transition to an emission-free global economy.

 

Simon Pitsillides

SustainCase Editor

 

80% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

 

FBRH GRI Standards Certified and IEMA approved Sustainability Course | Venue: London LSE

By registering for the next 2-day FBRH GRI-Standards Certified and IEMA approved Course you will be taking the first step in gaining the many benefits of sustainability reporting.

 

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References:

This article is based on published information by IEMA. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the publication’s meaning. If you would like to quote these written sources from the original please revert to the following link:

https://transform.iema.net/article/mandatory-carbon-reporting-announced-all-large-uk-companies?utm_source=Adestra&utm_medium=email&utm_term=

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