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Accounting for carbon emissions Kevin Misselbrook Customer Services Director, Access Accounting Ltd Why is the Green Agenda important to my business ? • • • • Cost-saving efficiencies CSR Compliance Business sustainability Cost-Saving • • • • Higher cost of carbon usage Tax burden You can’t manage what you can’t measure Good measurement highlights awareness throughout the organisation CSR • • • • • • Corporate and Social Responsibility CSR reporting requirements Customer attraction Suppliers Investor awareness and …. Moral duty ? • Will day slide ? Stern Review •Overwhelming evidence of climate change •Impact : loss of between 5% - 20% of GDP each year ! •Cost of controlling – as little as 1% of GDP “The costs of stabilising the climate are significant but manageable; delay would be dangerous and much more costly” Supply Chain Pressure Compliance • Climate Change Bill – “Cascade” effect on supply chain • Climate Change Levy • Carbon Trading Schemes (expanding) • ISO 14001 – Environmental standard for businesses – ISO140064 – Carbon Reporting Compliance • • • • More legislation ? Dept of Energy & Climate Change – (Oct 08) Audit standards – Carbon Trust, IAASB Government standard to be provided by Oct 2009 • Companies Act changing by 2012 – mandatory reporting Sustainability • Need to have a business model that operates in a carbon-efficient world • Establish strategies for the future • Build a sustainable energy-efficient business Measurement Improvement Cycle Carbon Measurement • • • • • Expensive Difficult Process-intensive Availability of results limited Difficult to get Actual vs Budget Methodologies • LCA –LifeCycle Assessment • Modelling tool • Good for counting product CO2 cost • BSI PAS 2050 launched 29th October 2008 – Defines the method and approach to LCA calculations 36 pages of guidance ! LCA Assessment Methodologies • LCA • On line calculators On Line CO2 Calculators 1000 900 800 700 600 500 400 CO2 Tonnes 300 200 100 0 Source : S.Wrigley, Lancaster University Methodologies • • • • • LCA On line calculators Carbon Audit (3rd party) Company Modelling tools Integrated within the Accounts function Solution from Access Solution from Access • Embodied within the finance system • Minimal additional keystrokes to collate carbon data • Real time reporting – By Division, Cost Centre, Individual • Actual vs Budget • Short learning curve for staff Accounting for Carbon Emissions • Driven by DEFRA tables • Follows GreenHouse Gas protocol • The only solution integrated within the accounts system • Affordable to SMEs Key Standards Used • GreenHouse Gas Protocol • Scope 1 – Direct production of CO2 emissions • Burning fuel in transport, Chemical process release, creating electricity • Scope 2 – Indirect use of power • Scope 3 – Other indirect carbon • 3rd parties, supply chain etc etc Key Standards Used • Defra Tables – Sets out UK standards for CO2 calculations Key Standards Used Development Strategies • LCA , Corporate Footprint, or both ? Any Questions ?
