ENERGY
TEN QUESTIONS LARGE UK ORGANISATIONS SHOULD ADDRESS TO HELP ACHIEVE CRC LEADERSHIP
Energy Efficiency Scheme, but still have fundamental challenges to consider, says a study commissioned by IT management software and solutions company CA Technologies.
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As senior management drive to prepare their compliance strategies ahead of the September registration deadline – and mitigate the risk of longer term financial penalties – CA Technologies has drawn on the survey findings to formulate ten critical questions for management to address:
TEN VITAL QUESTIONS 1) What is the quality of our carbon compliance data?
2) What CO2 reduction goal will secure leadership in Year two?
3) What is the accuracy and completeness of our energy spend data?
4) When did or will we achieve certification with the Carbon Trust Standard or equivalent?
5) What is our energy metering strategy?
6) How will you forecast future CO2 emissions accurately?
7) What is the cost of CRC compliance including energy data collection?
8) Have carbon costs been included in financial planning for 2011?
9) Are we relying on spreadsheets to manage CRC compliance data?
10) What quantified financial benefits will our CRC strategy deliver?
The CRC EES technical requirements will demand enterprise-wide thinking and data collection by affected firms, explained Sonny Masero, VP ecoSoftware, for CA Technologies: “Many large firms are planning to achieve more sustainable operations and cut energy costs by 20% or more as part of their CRC compliance strategies. However, they could still incur financial penalties if they submit inaccurate energy management data or
KEY FINDINGS INCLUDE: • 66% of organisations surveyed agreed that adherence to the CRC EES will deliver significant energy efficiency cost savings
• Most firms think that taking early actions will ease cash flow worries – over 80% believe that firms achieving ‘leadership’ status in the scheme’s league tables will avoid any penalties and fines
• 54% of UK organisations surveyed say a leadership position in the CRC EES league tables due for publication next year will help enhance their brand image and improve incremental sales
WHO’S IN CHARGE OF COMPLIANCE? However, the study also revealed differences of emphasis among interviewees over which senior management functions should drive compliance strategies: • 30% of interviewees said CEOs should sign off carbon management reports
• 29% thought that the CFO should oversee the CRC EES strategy
• 19% said that other directors should take charge of compliance
A Technologies, the UK’s largest private and public organization, sees clear commercial benefits from compliance with the CRC
purchase the wrong number of carbon allowances.” CA Technologies study focused on 202 UK organisations – 55% of which have revenues over £600 million – and was conducted by climate change & sustainability analyst firm Verdantix.
• Nearly two thirds (65%) believe it is important that the head of IT is directly involved in carbon management strategies
THE NEED FOR ADEQUATE DATA Researchers also found that collecting adequate operational data on energy usage and wider compliance could potentially be an issue for affected organisations: • 79% of the surveyed organizations are relying on spreadsheets to manage energy and carbon data
• When asked which management tools could be used to support compliance, half of respondents considered that carbon
management software is essential for CRC EES leadership and 54% have already set aside budget for such software
The CA Technologies-Verdantix study, “CRC Inspires Carbon Management Leadership” can be viewed at:
www.ca.com/Files/WhitePapers/ verdantix_crc_inspires_carbon_239429.pdf
www.ca.com/ecoSoftware
SUSTAINABLE FM | AUGUST 2010 |49
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