EUROPE

Environmental Reporting Requirements

EU Accounts Modernisation Directive 2003: Medium and large companies throughout the EU must report on appropriate environmental matters in a Business Review in their annual reports & accounts. Large companies must report relevant environment issues using key performance indicators (KPIs) "to the extent necessary for an understanding of the development, performance or position of the business of the company."

Trucost helps companies to identify and measure significant environmental KPIs such as greenhouse gas emissions to help monitor performance and comply with reporting obligations. More

UNITED KINGDOM

Environmental Reporting Requirements

Companies Act 2006: The Act implements the EU environmental reporting requirements in the UK and imposes further obligations on directors. Directors must consider and report on the impacts of their company's operations on the environment.

In order to provide assistance to UK directors, Trucost was commissioned to write the UK Government's environmental reporting guidance for business. FTSE 100 and other leading companies use Trucost services to identify, measure and report environmental KPIs in Business Reviews.

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Greenhouse Gas Legislation

Climate Change Act 2008: The Act creates a legal framework for the UK to reduce greenhouse gas emissions by 80 per cent by 2050. It also paves the way for the Government to make it mandatory for companies to report on greenhouse gas emissions, and to introduce national emission trading schemes. For example, authorities now have the powers to establish the Carbon Reduction Commitment, which will require significant users of electricity to participate in a carbon trading scheme.

Trucost can help companies to measure and report on greenhouse gas emissions. More

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