"Up to two-thirds of affected businesses claim to be unaware of the full implications of the scheme, how well prepared is the retail and consumer sector?"
The Carbon Reduction Commitment (CRC) is about to hit around 5,000 businesses and public sector organisations in the UK, including all the major High Street retailers and the big consumer goods companies. Energy-intensive industries like power and heavy manufacturing have been part of the EU Emissions Trading Scheme for some time, but from April this year a much wider group of companies will have to start accounting for their energy use and carbon emissions, and purchasing carbon credits.
But with up to two-thirds of affected businesses claiming to be unaware of the full implications of the scheme, how well prepared is the retail and consumer sector? And what’s the real cost of participating in the CRC, both in terms of time and money? The man with the answers is David Walters, a partner in the PwC Sustainability team, and an expert on this whole area: