Companies failing on carbon reporting

Companies failing on carbon reporting

Survey finds that few public companies are following government guidelines for reporting carbon output

FEW companies reviewed in a survey complied with carbon reporting guidelines set by the government, Deloitte has found.

Deloitte looked at 100 listed companies and found that only a handful came close to meeting the requirements for reporting carbon output.

So poor are companies at reporting their carbon production that Deloitte concluded that the aim of the guidance – providing a basis for comparison between businesses on carbon – was now difficult to achieve. 

The firm’s head of carbon reporting, Jenny Harrison, said: “The wide variety of both formal and informal carbon reporting practices identified does not facilitate comparison between companies or industry sectors, making it difficult to evaluate the relative performance of companies in monitoring and reducing their carbon footprint, a primary goal of the government in publishing the Defra guidance.”

She added: “Many companies failed to make basic disclosures around the reporting methodology used, or accounting principles applied, highlighting a lack of transparency around measurement.”

Deloitte reports that only nine percent of companies reported their carbon footprint in line with government guidelines. Only eight percent said that their reports had been checked by an auditor or any kind. Only one fifth reported performance against a specific target for carbon production.

(Picture by Foto43 from photostream at flickr)

 


 

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

Professional Services Why Professional Services Firms Should Ditch Folders and Embrace Metadata

4m

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

8m

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine

Accounting Firms Turn Accounts Payable into a value-engine

3m

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021

Making Tax Digital Digital Links: A guide to MTD in 2021

4m

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource