Greenhouse Gas Emissions: Disclosure of Information

Environment Food and Rural Affairs written question – answered on 7th June 2007.

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Photo of Lynne Jones Lynne Jones Labour, Birmingham, Selly Oak

To ask the Secretary of State for Environment, Food and Rural Affairs what requirements exist on reporting of greenhouse gas emissions for which companies (a) subject to and (b) not subject to the European Emissions Trading Scheme are (i) directly and (ii) indirectly responsible; and how such reports are verified.

Photo of Ian Pearson Ian Pearson Minister of State (Climate Change and the Environment), Department for Environment, Food and Rural Affairs

Installations participating in the European Union (EU) Emissions Trading Scheme are required to have their annual emissions verified by an independent accredited verifier. Installations that fail to do this will have their annual emissions determined by their regulator. Installations must also submit an annual report to the regulator on how they will improve their monitoring and reporting of emissions.

The data on emissions and associated energy use are made available to the Department for Trade and Industry in compiling the Digest of UK Energy Statistics (DUKES). The data are also made available to the UK National Greenhouse Gas Inventory.

To meet requirements of the EU Accounts Modernisation Directive (AMD) (2003), the Companies Act (2006) contains a requirement for large companies to produce a business review, contained within the annual report and accounts. This includes information on environmental matters where it is considered to be important to company performance.

Further to the EU AMD, the Government have introduced additional requirements. From 1 October 2007, quoted companies will need to ensure their business review includes information on environmental matters to the extent necessary for an understanding of the development, performance and position of the company's business. Where appropriate, the review will be required to include key performance indicators (KPIs). Directors have responsibility to decide what environmental matters and KPIs are included and this may contain information on climate related issues and greenhouse gas emissions data.

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