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UK parliament passes mandatory greenhouse gas reporting

The UK parliament has passed amendments to the Companies Act 2006 that require all UK quoted companies to report greenhouse gas emissions in the Strategic or Directors' Report.

The Climate Disclosure Standards Board's (CDSB) Climate Change Reporting Framework accompanied the legislation as guidance for companies to help comply with the new greenhouse gas reporting requirement.

The CDSB said it strongly supports the legislation, but added that it felt some areas should be elaborated and strengthened when the Act is reviewed in 2015 - such as clearer alignment between UK and international requirement on non-financial reporting.

In order to help companies convert factors for greenhouse gas reporting, The UK Department for Environment Food & Rural Affairs (DEFRA) also released an online conversion tool.

Related Links

Department for Environment Food & Rural Affairs conversion tool

The Climate Disclosure Standards Board

 

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