Firms warned to prepare for carbon emissions reporting
Fri, 09 Oct 2009
UK businesses must prepare themselves for the challenge of reporting on carbon emissions, it has been claimed.
Cindy Cahill, a partner at Deloitte, said they must place added focus on emissions reporting after the finalisation of the Carbon Reduction Commitment (CRC) scheme.
From next April, firms will be required to account for all carbon emissions, with fines liable for those failing to meet this responsibility.
Ms Cahill stated: "The new scheme will bring challenges to organisations both in the run up to the start of the CRC in April 2010 and beyond.
"But it will also bring opportunities for companies who embrace energy efficiency measures and, of course, at the same time help the UK meet its substantial emissions reductions commitments."
Carbon footprinting and management are set to quickly rise up the corporate agenda, she stated, meaning they must ensure they are on top of this mandatory regulation.
Earlier this week, Lee Coates, director of Ethical Investors Group, called for greater investment in low carbon technology.
He claimed that despite plenty of encouraging talk about the adoption of green IT, a lack of available credit from the banks is threatening to stifle the development of new technologies.
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