All businesses listed on the Main Market of the London Stock Exchange will have to report their levels of greenhouse gas emissions from the start of the next financial year under plans announced by the UK Deputy Prime Minister at the Rio+ 20 Summit.
The UK is the first country to make it compulsory for companies to include emissions data for their entire organisation in their annual reports. It is committed to cutting UK carbon emissions to 50% of 1990 levels by 2025. Reporting is the first vital step for companies to make reductions in these dangerous emissions. It is estimated it will save four million tonnes which has a value of £48m (at the £12/tonne CRC rate) of CO2 emissions by 2021.
Deputy Prime Minister, Nick Clegg said:
“Counting your business costs while hiding your
greenhouse gas emissions is a false economy.
Climate change is one of the gravest threats we face.
The UK is leading the urgent action needed at home and abroad.”
Secretary of State for the Environment, Caroline Spelman said:
“businesses want to cut down their greenhouse gas emissions,
and they want to be open and transparent about it.
What they have asked for is a level playing field so
that they can be fairly judged against one another”
At AMEE, we are encouraged to hear these commitments to progress. Our unique, open, transparent approach to footprinting everything has always been a long-term commitment: it not only supports Government policy – it makes it easier and cost-effective for businesses to engage.
Enabling environmental sustainability to “go mainstream” is critical to helping businesses understand financial risks in “stranded assets“, in improving their own efficiency in energy, water, and waste – and pricing externalities: exposing the financial risks and efficiency opportunities in their supply-chains.
AMEE’s innovative services help automate this process. Please call us today on +44 (0)20 7253 1499 or email us to learn how we can save you time and money: providing environmental intelligence – and business insight.