Carbon measurement and reporting
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:
- Enhanced market insight - context is critical.
- Deliver a long term strategy - it has never been more important.
- Reveal the behavioural triangle - governance, risk and remuneration.
- How carbon affects the business model - the dynamics and key resources it impacts.
- Rethinking measurement and presentation - critical in a carbon constrained world.
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:
- Clear understanding of the strategic relevance of carbon to your business
- A trusted information set producing timely and relevant information
- Greater understanding of the current and future risks to your business
- Relevant and focused information to communicate internally and externally
- Clarity on your response to climate change
- Ability to understand the climate change impacts of decision making
- Better understanding of customer expectations
- Ability to communicate supplier expectations effectively
- Reduced burden of CRC and mandatory reporting compliance