The new Greenhouse Gas Emissions (Directors’ Reports) Regulations 2013 come into effect from 1st October, and will initially be mandatory for around 1,800 companies listed on the London Stock Exchange but could be extended to all large companies – a potential 31,000 businesses – from April 2016.
The requirement means that annual company reports for years ending on or after 30th September 2013 must highlight organisation’s greenhouse gas emission including emissions from vehicles – cars, vans and HGVs – “owned or controlled” by companies.
Using individual vehicle CO2 emissions and reported mileage, organisations can use Jaama’s technology to analyse reports to show CO2 tonnage for an individual vehicle, a group of vehicles or the entire fleet for any specific period of time linked to past, current and projected mileage.
The technology has already been implemented by leasing firms including Ogilvie Fleet, JCT600 Contracts and Fleet Hire, with customers able to request an automatic carbon report on their fleet.
Jaama managing director Martin Evans said: ‘Carbon reporting is already a major issue for many businesses in respect of their corporate social responsibility agenda and the new Regulation only increases that demand.
‘Overall the effect of introducing an emissions focus will be to operate a cleaner, greener fleet that potentially clocks up fewer miles thus cutting costs. Highlighting reductions in greenhouse gas emissions can also enhance a company’s reputation and brand value.’
Critically if businesses expand and subsequently the size of their fleet increases, Key2 is able to report average CO2 output and carbon tonnage on a per vehicle basis.
Evans explained: ‘If a fleet increases in size then its carbon footprint is also likely to rise. Therefore the key metric is average CO2 tonnage per vehicle and the measures to consistently reduce that figure over time.
‘Quantifying CO2 output is a challenge for all businesses, but Key2 with all CO2-related information consolidated in one portal makes accurate carbon reporting easier to achieve.’
