There is overwhelming demand from a multiplicity of stakeholders for information about carbon and climate change risks, opportunities and strategies that might impact the financial wellbeing of a business.
Indeed, from 2010, the government's new Carbon Reduction Commitment legislation will require around 5,000 UK organisations to report on their carbon footprint and enter into a legally binding emissions cap-and-trade scheme.
But rather than compliance and data reporting alone, forward-looking analysis and statements of the risks and opportunities affecting a business will soon become an established part of the reporting cycle within a company. Carbon measurement and reporting creates a strategic picture of the business that is both informative and convincing, and will include:
Now, more than ever before, stakeholders want information that gives them insight - not hindsight. What does your carbon reporting say about your organisation?
A generally-accepted international framework to disclose information in mainstream reports is needed that deals with information about climate change-related risks, opportunities, carbon footprints, carbon strategies and their implications for shareholder value.
How we can support you
PwC can perform an in-depth review of your current reporting, assessing how effective it is and how it measures up to current leading practice. The output from the review will detail the actions, costs and time required to close the gap from your current position to the identified desired state. Benefits will include: