who, what, when and how should business be reporting.
Compulsory requirements for larger companies to report on the impact they had on the environment were brought in in April 2022, with all categories of busy having to follow suit in the not so distant future. This demonstrates the importance and focus on companies’ transparency; industry values honesty.
Currently there are around 12,000 companies that legally have to report their energy use and all greenhouse gas emissions, along with how they have and plan to run more efficiently. Government is planning on bring all businesses of all sizes in line with these reporting expectations.
The Minimum Energy Efficiency Standards continue to raise the bar. As of April 2023, all non-domestic properties will have to reach an efficiency rating of at least E, with this increasing to a level B by 2030.
Climate related risks and opportunities are so imbedded in the future of industry, and ESG (Environmental, Social and Governance) reporting essential as investors will want to know how you are performing on non-financial factors that may have a financial, sustainability and ethical impact.