Simplifying Carbon Emissions Reporting in the U.K.

October 19, 2015 By Carl Weinschenk

great_britainIn the United Kingdom, all but the smallest businesses have to pay carbon taxes. The problem they face is that there are two sets of programs and three sets of reporting requirements. The government, according to Lexology, has set a goal of simplifying this confusing situation in the autumn.

The story describes the current, and very confusing, regime of taxes and reporting requirements. The goal is to move to a single tax and reporting scheme. The next move is a “consultation” set for next month and formalization in the 2016 budget. The writers business should have “a real say” in shaping the policy. Facility managers will have responsibilities for carrying out whatever proposal is enacted.

The Star Toronto posted a piece this week discussing the importance of greenhouse gas emission disclosure. The rate of disclosure by companies is 91 percent on the London Stock Exchange, 59 percent on the Toronto Stock Exchange and 34 percent on the New York Stock Exchange.

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