Businesses to be required to report GHG emissions, including transport, from April 2013
Tue 19 February 2013
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From April 2013, all businesses listed on the Main Market of the London Stock Exchange will be required to report their levels of greenhouse gas (GHG) emissions including some transport data, both in the UK and overseas. The UK is the first country to make it compulsory for companies to include emissions data in their annual reports and the move will increase the focus on transport-related emissions.
Companies are required to report ‘scope 1’ GHG emissions that relate to the direct outputs of the business, as well as ‘scope 2’ emissions that are the consequence of the activities of the business but which occur at other sources, such as the consumption of purchased electricity.
Companies will need to take transport emissions more seriously or risk damaging their corporate image, says environmental consultancy Ricardo-AEA: “Transport emissions are likely to be a new consideration for many businesses and it can be a challenge to determine those which fall within the scope of the new rules,” commented Christine St John Cox, Ricardo-AEA’s carbon management knowledge leader. “Companies should therefore act now to identify which transport emissions they are responsible for, and which they will need to report".
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