The new regulations supplementary to The Companies Act 2006 mean that publicly quoted companies must include detailed emissions information on all transport activity they undertake, including the vans, trucks and cars they operate, in their annual report.
The new measures, which cover not just CO2 but other emissions including methane and nitrous oxide, come into effect from October but will, at least initially, affect only around 1,000 companies that are listed on the London Stock Exchange.
Managing director Ashley Sowerby said: ‘We have included easy-to-use CO2 reports as part of the standard reporting suite in FleetWave for many years but the new GHG report is more comprehensive and will fully answer corporate needs for the new legislation.
‘Compiling this kind of information is potentially onerous for fleet managers and being able to product the report through FleetWave at the touch of a button has obvious benefits.’
Sowerby added that the new GHG measures could potentially create additional impetus for large companies to further reduce their emissions by creating a competitive edge.
He said: ‘The strides that UK companies have made in recent years in reducing CO2 have been very impressive but the new legislation could certainly add momentum. No one will want to be seen to be trailing their competitors.’
