Mandatory GHG Reporting – Are you ready?
From 1st October 2013 LSE-listed companies have to report on their global greenhouse gas (GHG) emissions.
The UK is the first country to introduce mandatory carbon reporting. Although currently only applying to around 1,100 listed companies, the scheme could be extended in 2016 to all large companies.
The GHG Emissions (Director’s Report) Regulations 2013 applies to companies listed on the Main Market of the London Stock Exchange, requiring them to report their material Scope 1 and Scope 2 emissions, calculated in tonnes of CO2 equivalent (all six Kyoto gases).
Emissions should be reported in the Director’s Report of the Annual Report and Accounts. The organisational boundary will reflect that for financial reporting, including all non-UK emissions.
Your next annual report will have to include that year’s emissions, so if your next report is for April 13 to March 14, you should already be collecting the data for this. Activities include gas & electricity consumption, fuels, refrigerants & fleet vehicles.
How robust is your data collection? Can you say you cover your whole company, including those offices abroad? How much information is accurate or will there be high levels of estimation?
Data should be collected and monitored now. Carbon calculations will need to be made and checked, before issuing your Annual Report.
Are you ready for these important regulations? Call me for advice & assistance.