Ten Questions Large UK Organizations Should Address to Help Achieve CRC Leadership
(3BLMedia/theCSRfeed) July 16, 2010 - CA Technologies (NASDAQ: CA), the UK’s largest private and public organization, see clear commercial benefits from compliance with the CRC Energy Efficiency Scheme (CRC EES), but still have fundamental challenges to consider, says a study commissioned by IT management software and solutions company CA Technologies.
As senior management drive to prepare their compliance strategies ahead of the September registration deadline - and mitigate the risk of longer term financial penalties – CA Technologies has drawn on the survey findings to formulate ten critical questions for management to address: Ten vital questions:-
What is the quality of our carbon compliance data?
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What CO₂ reduction goal will secure leadership in Year two?
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What is the accuracy and completeness of our energy spend data?
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When did or will we achieve certification with the Carbon Trust Standard or equivalent?
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What is our energy metering strategy?
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How will you forecast future CO₂ emissions accurately?
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What is the cost of CRC compliance including energy data collection?
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Have carbon costs been included in financial planning for 2011?
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Are we relying on spreadsheets to manage CRC compliance data?
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What quantified financial benefits will our CRC strategy deliver?
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66% of organisations surveyed agreed that adherence to the CRC EES will deliver significant energy efficiency cost savings
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Most firms think that taking early actions will ease cash flow worries - over 80% believe that firms achieving ‘leadership’ status in the scheme’s league tables will avoid any penalties and fines
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54% of UK organisations surveyed say a leadership position in the CRC EES league tables due for publication next year will help enhance their brand image and improve incremental sales
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30% of interviewees said CEOs should sign off carbon management reports
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29% thought that the CFO should oversee the CRC EES strategy
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19% said that other directors should take charge of compliance
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Nearly two thirds (65%) believe it is important that the head of IT is directly involved in carbon management strategies
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79% of the surveyed organizations are relying on spreadsheets to manage energy and carbon data
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When asked which management tools could be used to support compliance, half of respondents considered that carbon management software is essential for CRC EES leadership and 54% have already set aside budget for such software
CA Technologies
Phone: +44(0)1753 241372 M:+44(0)7824 607584 lisa.stassoulli@ca.com
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