Only 1 in 3 firms have long term climate goals

Only 1 in 3 firms have long term climate goals

It might come as a surprise to learn that only one in three European companies have a climate plan that stretches beyond 2025. This is despite 80% of them seeing climate change as a business risk, in a report released by the Carbon Disclosure Project (CDP).

The report received climate disclosures from 849 European companies in 23 countries and revealed that although 53% of companies do not have long term climate goals, 58% reported carbon cuts in 2018. This reduction totalled 85 million tonnes of CO2 -  equal to Austria’s annual emissions.

The property management company Landsec has reduced its greenhouse gases by 17% since 2014, and plans to reach 40% by 2030. Caroline Hill, Landsec’s head of sustainability, explained that the company cut their energy consumption by upgrading to LED lighting and installing rooftop solar panels. And of course the less energy you use, the less you pay.

ESOS

Having a standardised framework to assess a company’s energy consumption brings focus to what can be a ‘fuzzy’ area of setting environmental goals. That’s why the Energy Savings Opportunities Scheme (ESOS) is invaluable as a formal process that objectively measures companies’ energy use every four years and suggest sensible, practical steps to save energy and money.

The deadline for ESOS Phase 2 is fast approaching and companies are encouraged to find out if they are eligible at the earliest opportunity. By now you should have received a letter from the Environment Agency to confirm that ESOS applies to you, but you can find out more about the legislation, (including our services) here. 


Article published 20th February 

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