 Blog
Our latest thoughts on the business of climate change...
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Why companies should invest in carbon management software
05.08.2010
Sustainability teams at large companies have used spreadsheets for years to track corporate carbon emissions. However, we are now at a tipping point where the benefits of carbon management software, also known as enterprise carbon accounting (ECA) software, outweigh the benefits of spreadsheets.
With many large companies recently completing their Corporate Social Responsibility (CSR) reports and Carbon Disclosure Project (CDP) questionnaires, it is time to move away from spreadsheets to reduce risk, save money, increase productivity, and establish an enterprise-class source of record for carbon emission data...
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Why some firms should start CRC registration inmediately!
05.08.2010
With the CRC registration deadline on 30 September, organizations are required to register under the CRC energy efficiency scheme as soon as possible, especially if they have complex company structures, or are owned by entities based outside the UK.
The CRC energy efficiency scheme is a mandatory carbon cap-and-trade scheme targeting energy-intensive organisations not covered by the EU emissions trading scheme, such as local authorities, banks, supermarkets and hospitals. Under the legislation, an estimated 20,000 large public and private sector organisations that use half-hourly electricity meters will have to report to the government. Of these, around 5,000 organisations with annual electricity bills of over £500,000 will have to report on their energy use, purchase carbon credits to cover their calculated carbon emissions, and comply with targets to reduce their carbon footprint.
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Chief Sustainability Officers - the next big thing in the boardroom?
09.07.2010
Growing numbers of blue-chip firms have started hiring dedicated executive officers to watch over their companies' sustainability strategies, leading to the potential sidelining of traditional corporate social responsibility (CSR) managers.
The creation of the chief sustainability officer role marks an important step forward for environmental and CSR executives, offering a board-level position which takes responsibility for sustainability initiatives and shapes the development of revenue-generating green products and services. While CSR managers typically report to the board, chief sustainability officers will report directly to the chief executive. But, will CSOs be seen as a threat or an opportunity to CSR managers authority?
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2010 - a year lost for the UK's Low-Carbon Transition Plan?
07.07.2010
Earlier this week the coalition government reached the halfway point of the crucial first 100 days when the new leadership set out its priorities, and begin to deliver substantive change. And, while its deficit slashing priorities could not be clearer, its low-carbon agenda remains vague and undecided to bring forward the low-carbon transition plan.
We know that on the consumer front the Green Deal will kick off in late 2012 and offer households the opportunity to give their homes an energy efficient makeover. We also know that a new Green Investment Bank (GIB) will provide a boost to the UK's low carbon infrastructure. And we know that a floor price on carbon, energy market reforms and tough new rules for fossil fuel plants should all serve to accelerate the shift towards the low-carbon transition plan.
But, anyone requesting further detail on these proposals and many others part of the low-carbon transition plan will get the same blunt response: "wait until October and the spending review, all will become clear then". Even when evidence begins to emerge as to what low-carbon policies the government is working on, it often raises as many questions as answers.
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Green Investment Bank - good or bad for the Carbon Trust?
06.06.2010
The response to the setting up of a new Green Investment Bank has raised questions over the future of the Carbon Trust, but everyone seems happy - even the Carbon Trust.
"I believe our report has produced some radical and substantive policy recommendations and financing ideas... I hope this report and the thinking that has gone into it will provide a blueprint for the rapid establishment of a Green Investment Bank which will comprehensively address the market failures and barriers to investment we have identified. We have sought to answer all the key questions a new Government could sensibly ask about what the Green Investment Bank should and should not do, how it should be governed and how it could be set up."
Bob Wigley, chairman Green Investment Bank Commission
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