CICS Publishes New White Paper on Mandatory Carbon Reporting Following New Legislation
Following the announcement that Mandatory Carbon Reporting (MCR) has now been written into law (as of 6th August 2013), CICS has published a new white paper - ‘Mandatory Carbon Reporting’.
As of 1 October 2013 quoted companies will need to report their GHG emissions in their annual report. This white paper from Lucideon will help companies to understand what this means for them, covering which companies need to report, what they need to do to comply and to what timescale.
Also explored are the advantages of carbon reporting, whether mandatory or voluntary, and the benefits of getting third party verification, such as accuracy, reliability and credibility.
Even if carbon reporting is not mandatory for a company under the current legislation, reporting emissions data still offers advantages, in terms of avoiding ‘greenwash’, showing a commitment to the environment and complying with future legislation.
Shaun Bainbridge, director of CICS, says:
‘All businesses should be aware of MCR as there is increased pressure to disclose carbon emissions from stakeholders. In addition, it offers organizations the opportunity to increase sales and profits through the reduction of energy and carbon emissions.
‘It will be the businesses that have embraced emissions reporting that will be well placed to reap the benefits in the future’
The paper can be downloaded via the panel on the right of this page.