Company secretarial services provider and corporate support firm London Registrars (http://www.london-registrars.co.uk/) reminds all main listed London Stock Exchange companies that as of April next year it will be mandatory to report their carbon emissions as part of the UK’s Carbon Reduction Commitment (CRC).
Deputy Prime Minister Nick Clegg announced in June 2012 that “…in the UK, from the start of next financial year, all firms listed on the London Stock Exchange will have to report the levels of greenhouse gases they emit”. This mandatory reporting aims to encourage some of the largest UK businesses to take responsibility for their greenhouse gas emissions and look for ways to reduce their carbon footprint. LSE listed companies need to ensure they are utilising fuel resources responsibly, not only in order to reduce their organisation’s energy costs, but also to help meet the Climate Change Bill’s goal of reducing CO2 emissions by 60% by the year 2050.
Nick Clegg, speaking at the Rio+ Summit, said that the mandatory reporting also makes business sense: “Many back our plans because being energy efficient makes good business sense. It saves companies money on energy bills, improves their reputation with customers and helps them manage their long-term costs too.”
The new regulations will be introduced from April 2013, covering the next financial year. The UK is the first country to introduce this sort of compulsory reporting of carbon emissions and the government will decide whether to roll the mandate out to all large companies and not just those listed on the LSE from 2016 onwards.
London Registrars assists with company compliance issues such as these for organisations of all sizes, from SMEs to main listed London Stock Exchange companies. For further information on the breadth of its services, visit the London Registrars website at http://www.london-registrars.co.uk/.