Whitepaper outlines what listed companies must do to prepare for new law
CloudApps, the multi award winning provider of sustainability performance management software, has announced an alliance in the UK with Logica, now part of CGI. The new alliance will help clients deliver cost effective, accurate reporting through the use of simple technology – leveraging Logica’s implementation and sustainability consulting expertise. The organisations have developed the first in a series of whitepapers to help prepare the UK’s biggest businesses for the new Government legislation coming into effect on 6 April 2013.
The new legislation is expected by Government to drive change in behaviour on energy consumption, reducing overall Greenhouse Gas (GHG) emissions. The new law goes beyond the Carbon Reduction Commitment (CRC) and covers all six GHGs across all types of Scope 1 and 2 emissions, including transport fuel use, fugitive emissions from refrigeration and process emissions from manufacturing. Whereas the CRC focuses solely on a company’s UK operations, the new legislation requires global reporting coverage.
The new reporting will be initiated through the annual Directors Report and a representative must be appointed within each listed organisation who liaises directly with the board. All UK incorporated businesses listed in the UK, Europe or US will be covered under the new law and companies cannot opt out.
Many businesses do not currently have the systems in place to efficiently and reliably report their energy and carbon emissions. CGI will implement CloudApps technology, working with organisations to identify the relevant data sources and create the dashboards and reports to allow companies to both meet legislative requirements and use the insights created to improve their performance. This technology is scalable and can provide in depth analytics on a company’s emissions so the boardroom understands the areas where energy has been used excessively and cost savings can be found. It also provides a platform for wider social and environmental management and reporting.
Peter Grant, CloudApps CEO, believes the new legislation is fair on UK businesses, “The creation of a level reporting playing field will make it harder for some organisations to ignore their GHG emissions impact. The demands of the law are transparent and this new format will allow interested parties to compare ‘like with like’. We look forward to working with CGI to provide a quality service to the businesses involved.”
Stuart Williams, UK Sustainability Services Practice Leader at CGI, said; “The deadline for the first report could be from 1 October 2013 but it doesn’t mean listed companies can wait before gathering data. To stay on track, they need to start identifying and gathering all Scope 1 and 2 Greenhouse Gas data from the entire portfolio now. Businesses should consider enterprise tools to help automate their reporting, saving time, improving accuracy and delivering the insight needed to run a more efficient, competitive business”.
For more information, please download the free whitepaper
CloudApps is a fast growing, multi-award winning provider of cloud-based sustainability software, enabling visionary organisations to make exceptional efficiency savings and meet sustainability targets by aligning the entire enterprise behind corporate sustainability goals.
Innovative and ambitious, with seven new editions released since launch, CloudApps is in use by 220 customers, including blue-chip organisations like EE, Sears and Veolia. CloudApps’ offering connects the sustainability efforts of employees on the front-line to bottom line profits, delivering on the “top-down” commitments made by management.
CloudApps SuMo, uses game mechanics to give each employee visibility to their own and their team’s environmental impact, suggesting actions and over time nudging the behavioural changes required to accelerate a reduction in the resources consumed in the workplace, producing provable significant cost savings.
For more information, please visit http://www.cloudapps.com.
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. With approximately 72,000 professionals located in offices and global delivery centers in the Americas, Europe and Asia Pacific, CGI offers a com-prehensive portfolio of services including high-end business and IT consulting, systems integra-tion, application development and maintenance, infrastructure management as well as a wide range of proprietary solutions. Further to the recent completion of the Logica acquisition, CGI’s annualized revenue is approximately C$10.4 billion, with an estimated order backlog of approx-imately C$17.6 billion; CGI’s shares are listed on the NYSE (GIB) and the TSX (GIB.A) and are included in the FTSE4Good Index. Website: www.cgi.com.