The benefits you’ll see:
- Boost your competitive advantage in tenders. It can place you in better position for procurement processes as an ever-increasing amount of them, especially in relation to government contracts, require some information around your environmental impact and emission reduction plans to be publicly available.
- Improve your reputation with customers. Transparency can help build trust and better relationships with customers – if you don’t publish your impact you could lose out to competitors who do.
- Get ahead of regulation. Changes to regulation could include mandatory SME reporting. Getting prepared before that will save you time and stress in the future.
- Agile responses. You’ll be able to quickly respond to stakeholders such as investors and landlords who ask for information on your emissions. This will allow your relationships to continue and flourish as you can demonstrate proactivity, meaning you’d be able to satisfy any concerns and questions.
- Track and benchmark your progress. The ability to compare year on year results can be used as a marketing tool and a benchmarking tool against other organisations.
Look over the table below to make yourself familiar with the different reporting regulations and voluntary reporting opportunities. The best practice column shares tips and links to guides for how you can start reporting. Start to think about the top three topics or regulations you could make a start on.
Top tip: As it’s not compulsory for you to publish this information yet, it’s a good idea to talk about why you’ve decided to do this and what you’re doing to improve your emissions. Another good marketing opportunity!
Large UK undertaking
- 250 or more employees and/or
- An annual turnover in excess of 50m euros, and/or
- An annual balance sheet total in excess of 43m euros
UK quoted public companies
- That is UK incorporated and whose equity share capital is listed on the Main Market of the London Stock Exchange UK or in an EEA State, or admitted to trading on the New York Stock Exchange or Nasdaq
Large UK unquoted (unlisted) companies
- Registered and unregistered companies (including charitable companies)
Large UK Limited Liability Partnerships (LLPs)
A large unquoted company or LLP will satisfy two or more of the following:
- An annual turnover of £36m or more
- An annual balance sheet total of £18m or more
- 250 or more employees
Low energy user
- Defined as a UK quoted public company which has consumed 40MWh or less, and Unquoted companies or LLPs which has consumed 40MWh or less in the UK, including offshore, during the period in respect of which the report is prepared
Large UK Public Interest Entity (PIEs)
- Traded, banking or insurance company with more than 500 employees