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The Low Carbon Economy Ltd

01 Dec 2010 11:12:04

Carbon reporting benefits 'outweigh costs'

Carbon reporting benefits 'outweigh costs'
Large British companies increasingly believe the benefits of carbon reporting outweigh the costs, a new report has suggested.

Conducted by PricewaterhouseCoopers and the Carbon Disclosure Project (CDP), the survey found 53 percent of businesses now believe there is a net benefit of carbon reporting, due to the advantages it brings in terms of both their reputation and customer awareness.

Some 72 percent of the 155 large enterprises that participated in the research said they had a corporate climate change strategy in place, which was linked to the measurement and reporting of emissions.

Joanna Lee, chief partnerships officer at the CDP, noted that as well as aiding companies in their carbon reduction efforts, reporting helps in "advancing better risk management and increased awareness of new market opportunities".

The government is set to decide on mandatory carbon reporting early next year, however, almost half of respondents to the survey said pressure from investors was the biggest driver behind their reporting efforts.

Businesses' overall green credentials were also shown to be improving this week, with the Environment Agency's Greener Business report finding that 90 percent of inspected sites were in the two top categories for environmental performance.  ADNFCR-1235-ID-800265706-ADNFCR

Discussion Thread  

04 Dec 2010

Hmmm. "reputation" and "customer awareness" huh? How about quantifying those nebulous "benefits" so they can be compared to the "costs" which these business, afraid not to hop on the PC bandwagon. will be passing on to their customers. Of course this stupid CO2 obsession won't hurt THEM, as long as it is only their consumers who have to foot the bill in terms of higher prices for electicity and for the goods and services of every business using electicity, that will have to jack up their prices to consumers both directly and indirectly as they pass their increased costs all the way along the production food chain.

Anything that reduces CO2 should be termed "brown energy" rather than "green energy" because the more carbon dioxide in the atmosphere - a minute and very clean trace gas whose effect on temperature is miniscule compared to STEAM (clouds) - the more vegetation there will be.

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