March 1, 2010

Companies Say They Will Report, Reduce Emissions without Regulation

Filed under: climate — Tags: — inece @ 10:12 am

The Climate Registry reports that a new survey indicates that more than 80% of their members indicated that their future carbon management and reduction plans are not contingent on mandatory regulation. Instead, their primary driver is to be a sustainable organization, and almost 70 percent hope to save money through increasing their energy efficiency.

The Climate Registry, North America’s leading voluntary greenhouse gas (GHG) registry, issued its survey to gauge how its Members are planning for the future in light of regulatory uncertainty. The Climate Registry currently has over 400 Members, who use The Climate Registry’s highly regarded standards to calculate and publicly report their carbon footprints.

The survey was issued at the same time as the US Securities and Exchange Commission (SEC) issued its first-ever guidance on climate-related “material” risks. The Climate Registry is specifically noted in the SEC guidance document as one of the ways companies have been voluntarily disclosing their carbon emissions.

The survey highlights:

  • 78% of the organizations indicated that they are subject to regulation under the US EPA’s Mandatory Reporting Rule or Environment Canada’s GHG Emissions Reporting program, but 82% said that their future carbon management or reduction plans are not contingent upon regulation.
  • Almost half of survey participants indicated they had already established a carbon reduction goal, and 65% indicated that their short term goals include a carbon emissions reduction plan.
  • 85% indicated that environmental leaders in 2010 reduce their carbon emissions, while 60% said that leaders also encourage their suppliers to report and manage their emissions.
  • Over 80% indicated that their main driver for reducing emissions is a desire to be a sustainable and environmentally friendly company; almost 70% said they hoped to save money through increased energy efficiency.

For more information, visit the Climate Registry at http://www.theclimateregistry.org/.

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