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BPF welcomes carbon emission reporting | 25 June 2012

Plans to force all companies registered on the London Stock Exchange to report their carbon emissions have been welcomed by the British Property Federation (BPF), fm-world.co.uk reports.

Under new proposals, any firm registered in the main market of London’s Stock Exchange will be forced to declare its emissions from the start of the 2014/2014 financial year.

It is hoped the measures will allow the government to see how effective green measures are, as well as give businesses the chance to see what other similar firms are managing. It can then also be used by potential investors to analyse how effectively businesses are managing their green energy costs.

The scheme has been given formal backing from the BPF, although it has urged organisers to standardise their accounting methods in order to make the process easier and clearer.

The BPF also raised concern over uncertainty around rented properties. As it stands, there is no clear indication of who would accept ownership of emissions, the owner or occupier.

Speaking to greenbuildnews.co.uk about the proposals, BPF’s chief executive, Liz Peace, explained: “The government has heeded our advice, with a review of emissions reporting in 2015 to determine whether it should be extended to other companies.

“The introduction of emissions reporting raises questions about separate plans for an emissions league table under the Carbon Reduction Commitment Energy Efficiency Scheme. The aim of the emissions league table was to raise energy efficiency considerations to board level and there’s a strong argument to be made that this will be more effectively achieved via [the government’s] announcement.”

Written by David Howells on behalf of Qube Global Software

While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.

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