GHG reporting crucial to energy efficiency
The introduction of mandatory greenhouse-gas (GHG) reporting for large companies from 2012 would help reduce substantially the £6 billion that UK businesses currently lose each year due to poor energy efficiency, according to a new report from Carbon Connect.
The business and environmental group also recommends the introduction of an energy management hierarchy that clearly explains to businesses the relative importance of taking immediate action to avoid and reduce emissions at source.
GHG reporting will enable organisations to better make the business case for energy-efficiency investments, says the report, which is based on an inquiry last autumn that IEMA contributed to.
The report also points out that accurate emissions reporting has other benefits, including improving corporate reputation and acting as a key driver of organisational change, by focusing senior management on identifying opportunities for efficiency improvements.