Mandatory carbon reporting would force boardrooms to see the worth of energy efficiency, says the UK’s leading business body.The Government must make a decision on whether to introduce mandatory carbon reporting by April 2012 if it is to comply with the 2008 Climate Change Act.
The Confederation of British Industry has backed the policy in its submission to DEFRA’s consultation on the measuring and reporting of greenhouse gas emissions.
Rhian Kelly, CBI Director for Business Environment said: “Mandatory carbon reporting is a great way of making boardrooms aware of the savings possible through energy efficiency.”
She added that making the process simple and streamlined was crucial: “Given that many companies already report their emissions under other schemes, the Government should get rid of overlapping regulations so firms don’t end up getting bogged down reporting for a variety of different schemes.”
If the government goes with mandatory reporting, the CBI says it wants the Carbon Reduction Commitment performance league table scrapped, because it has lost impact after its revenue-recycling incentive was cut in last year’s Spending Review.