For UK organisations the Carbon Reduction Commitment Energy Efficiency Scheme (CRC) is the one to be aware of. If you have registered as a full participant then you will have hopefully completed your footprint and annual report before the end of July 2011.
Once the reports are submitted, for many participants the next stage is to complete a CRC Internal Audit as is detailed in the CRC order.
So what does the CRC mean for you?
Once registered with the Environment Agency and with the first footprint and annual reports submitted and your internal audit completed the next priority, and indeed the fundamental reason for the scheme in the first place is to look at all possible avenues for energy reduction. This will ensure you will achieve as high a league table position as possible.
The changes to the CRC scheme coming from the October 2010 Spending Review made the scheme easier to administer, but more costly for participants. Whereas before the monies spent on allowances were to be recycled back to particpants, now they will go directly to the exchequer. Less administration, but also no money back.
Still not convinced you need to act now? Let’s examine the 3 key impacts of the new CRC Legislation on your business:
- Financial
- Cash outlay: each April from April 2012, you’ll pay approx 8% of your annual energy spend to buy allowances
- Up to 30% energy savings by guaranteed initiatives
- Legal
- Substantial fines for non-reporting and £40/tonne of carbon for incorrect disclosure
- Criminal Liability for fraudulent disclosure
- Brand Reputation
- Competitive advantage through published league tables
- Staff, shareholders and other stakeholders
- Improved Corporate and Social Responsibility
For help on reducing the risk of the above, Arrange an Internal Audit with us or call us now on 0845 543 9003.
Connect with us