Do you understand your obligations to report greenhouse gas emissions?
Posted on 10 March 2016.
A requirement of the Climate Change Act 2008 (transposed into UK law under the companies act 2006, regulations 2013) is that all organisations listed on the FTSE100 are required to report on their GHG emissions for company reporting years ending on or after 30 September 2013. This date refers to the year-end date and not the date of publication of the directors’ report. The emission totals should be published in the company’s directors’ report.
The official quoted companies’ characteristics as set out in ‘Environmental Reporting Guidelines: including mandatory greenhouse gas emissions reporting guidance 2013’ are as follows: “Quoted companies in this respect are those that are UK incorporated and whose equity share capital is officially listed on the main market of the London Stock Exchange; or is officially listed in a European Economic Area; or is admitted to dealing on either the New York Stock Exchange or NASDAQ. Companies within the scope of the regulation must adhere to its requirements.”
A summary of the Mandatory GHG Emissions requirements can be found here.