British government prepares for transport emissions reporting

Published on Tuesday, 10 July 2012 14:33

Posted by Vicki Mitchem

A new system that will require British companies to disclose their transport emissions is being brought in from next year

The scheme will initially affect 1,000 businesses on the London Stock Exchange's main market, but is likely to be rolled out further to all large businesses in the UK.

"British companies need to reduce their harmful emissions for the benefit of the planet, but many back our plans because being energy efficient makes good business sense too," stated deputy prime minister Nick Clegg.

Announced at the Rio+ 20 Summit, the proposals will take effect from the start of the next financial year in April 2013, with the UK becoming the first country to introduce compulsory legislation in this area.

The plans have won the backing of private sector leaders, with Confederation of British Industry director for business environment policy Rhian Kelly stating the body has been calling for mandatory reporting of greenhouse gas emissions in order to save firms money and reduce their effect on the environment.

Information will have to be included in organisations' annual reports and will provide additional data for shareholders about the sustainability of companies.

Source: ©CILT UK