A new study, entitled improving climate change reporting is destined to advance both the recognition and the implementation of green buildings’ utility in reducing energy consumption and mitigating greenhouse gas emissions.
The report is published by ACCA (the Association of Chartered Certified Accountants) and the investment index organization FTSE. ACCA has global membership comprising 115,000 members plus 296,000 students, throughout 170 countries.
Some data from the study:
· of the 990,000 business entities in operation within the UK, 2,000 are energy intensive, and represent 45% of total UK emissions from business.
· of the balance of (non-energy-intensive) UK companies, over 60% of emissions arise from ‘buildings-related energy consumption.’ this is also the scenario for SMEs and public sector organizations.
As the title indicates, the report contains recommendations that companies are expected to demonstrate their actions to mitigate and adapt to climate change, and improve their climate change reporting. Implications are for energy efficiency, renewables and supply chain management including carbon labeling of products.
While the tone of the report’s recommendations appears to be voluntary, the urgency of the issues – and the opportunity costs of inaction - make these suggestions more of a warning or directive.
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