Support for GHG reporting rises

8th July 2011


Related Topics

Related tags

  • Management ,
  • Reporting ,
  • Mitigation ,
  • UK government

Author

IEMA

IEMA members increasingly favour the introduction of mandatory greenhouse gas (GHG) reporting, according to new research by the institute.

Support for GHG reporting has increased from 80% to 90% among the almost 900 environment professionals responding to the latest IEMA survey.

“Since we last did our survey in 2010 there has been a significant increase in the proportion of our members supporting mandatory GHG reporting,” said Martin Baxter, policy directoy at IEMA.

Survey respondents overwhelmingly back “option 3” in the Defra consultation on reporting, which closed yesterday (5 July). Over 86% support this option, which will place an obligation to report on between 17,000 and 31,000 companies.

“In 2010, 50% of UK FTSE 350 companies made their disclosures public compared to 65% in the rest of the world. It is vital that the government makes a decision to make GHG reporting mandatory to enable the UK to take a leading position in business responsibility,” said Baxter

The research also uncovered some of the potential business and environmental benefits of requiring companies to disclose their GHG emissions. Over two-thirds (69%) of respondents say that GHG reporting will deliver cost savings, while more than three-quarters (77%) claim it will lead to environmental benefits – those reporting benefits indicate an average of 4.5% CO2 savings a year. And, 92% say a legal obligation to disclose will provide a simplified reporting framework and level playing field for reporting on their carbon emissions.

“IEMA’s research clearly demonstrates that the long-term savings and environmental benefits of reporting on GHG emissions clearly outweigh the initial costs needed to establish reporting systems within companies,” said Baxter.

The CBI has also given its backing to mandatory reporting. As the Defra consultation closed, the employers’ body reiterated its call for its introduction, arguing that mandatory carbon reporting would help firms monitor and manage their emissions effectively.

“Mandatory carbon reporting is a great way of making boardrooms aware of the savings possible through energy efficiency,” said director of business environment Rhian Kelly.

“To be effective, it is important that the government phases in the introduction of mandatory reporting and makes the process simple for companies to follow.”

Subscribe

Subscribe to IEMA's newsletters to receive timely articles, expert opinions, event announcements, and much more, directly in your inbox.


Transform articles

EU and UK citizens fear net-zero delivery deficit

Support for net zero remains high across the UK and the EU, but the majority of citizens don't believe that major emitters and governments will reach their climate targets in time.

16th May 2024

Read more

There is strong support for renewable energy as a source of economic growth among UK voters, particularly among those intending to switch their support for a political party.

16th May 2024

Read more

Taxing the extraction of fossil fuels in the world’s most advanced economies could raise $720bn (£575bn) by 2030 to support vulnerable countries facing climate damages, analysis has found.

2nd May 2024

Read more

The largest-ever research initiative of its kind has been launched this week to establish a benchmark for the private sector’s contribution to the UK’s 2050 net-zero target.

2nd May 2024

Read more

Weather-related damage to homes and businesses saw insurance claims hit a record high in the UK last year following a succession of storms.

18th April 2024

Read more

The Scottish government has today conceded that its goal to reduce carbon emissions by 75% by 2030 is now “out of reach” following analysis by the Climate Change Committee (CCC).

18th April 2024

Read more

The Science Based Targets initiative (SBTi) has issued a statement clarifying that no changes have been made to its stance on offsetting scope 3 emissions following a backlash.

16th April 2024

Read more

While there is no silver bullet for tackling climate change and social injustice, there is one controversial solution: the abolition of the super-rich. Chris Seekings explains more

4th April 2024

Read more

Media enquires

Looking for an expert to speak at an event or comment on an item in the news?

Find an expert

IEMA Cookie Notice

Clicking the ‘Accept all’ button means you are accepting analytics and third-party cookies. Our website uses necessary cookies which are required in order to make our website work. In addition to these, we use analytics and third-party cookies to optimise site functionality and give you the best possible experience. To control which cookies are set, click ‘Settings’. To learn more about cookies, how we use them on our website and how to change your cookie settings please view our cookie policy.

Manage cookie settings

Our use of cookies

You can learn more detailed information in our cookie policy.

Some cookies are essential, but non-essential cookies help us to improve the experience on our site by providing insights into how the site is being used. To maintain privacy management, this relies on cookie identifiers. Resetting or deleting your browser cookies will reset these preferences.

Essential cookies

These are cookies that are required for the operation of our website. They include, for example, cookies that enable you to log into secure areas of our website.

Analytics cookies

These cookies allow us to recognise and count the number of visitors to our website and to see how visitors move around our website when they are using it. This helps us to improve the way our website works.

Advertising cookies

These cookies allow us to tailor advertising to you based on your interests. If you do not accept these cookies, you will still see adverts, but these will be more generic.

Save and close