transport and logistics logo
HOME ABOUT CONTACT ADVERTISE THE INTERMEDIA GROUP FIND PROFESSIONAL SERVICES

Free ENews

EVENTS
DIESEL MAGAZINE ARTICLES
EDUCATION, CAREERS & PEOPLE
DATA CAPTURE, RFID & IT
ENVIRONMENT
GOVERNMENT & REGULATIONS
HOT PRODUCTS
MHD MAGAZINE ARTICLES
MATERIALS HANDLING
PROPERTIES FOR SALE & LEASE
PROPERTY NEWS
SUPPLY CHAIN MANAGEMENT
TRANSPORT & LOGISTICS SERVICES
TRUCK & TRAILER EQUIPMENT
WAREHOUSE/DC EQUIPMENT
INDUSTRY GROUPS
NEW / USED TRUCK & TRAILER
FREE E-NEWS
ADVERTISE
ARCHIVE SEARCH
Advanced Search

 

Carbon accounting still a mystery: survey


 
The results of a global carbon accounting survey offer insight into the fact that despite forthcoming legislation mandating carbon accounting, most companies are still lagging in their comprehension of carbon accounting as a whole, and in the execution of carbon accounting initiatives.
 
With Australia introducing the new tax legislation on carbon emissions, and new regulations soon being introduced in California, the momentum behind requiring corporate energy management is well under way. The survey, which was conducted by Epicor Software during August and September 2011, was designed to investigate the ability and willingness of companies to identify their greenhouse gas emissions; to find out how they technically capture emissions; and to clarify the extent to which companies have to meet not only legal requirements for sustainability, but also what demands they meet from partners and customers.
 
The survey compiled responses from nearly 1,000 companies worldwide. The majority (48%) of respondents were from organisations in the manufacturing industry. Most (42%) respondents were from organisations with 100 to 1,000 employees and organisations with $50 million in annual revenue, or less (43%).
 
The survey revealed that 58% of companies surveyed had not heard of the term ‘carbon accounting’, that less than a third could accurately describe what the term means, and that a full 80% of companies surveyed don’t monitor their company’s carbon footprint.
 
“It’s quite worrying to think that a third of all companies don’t know whether they are under legal obligation to report emissions and we want to take this opportunity to urge the industry as a whole to take responsibility and help educate businesses about energy management,” said Chris Purcell, product marketing manager for Epicor. “Businesses should prepare now for carbon accounting.
 
“Carbon reporting will happen irrespective of any personal opinions about global warming; those businesses that prepare now for the reporting that will be legally required of them in the near future will have a clear competitive advantage over laggards. Energy management is not a distraction to a company’s core business. Businesses can gain cost and energy savings from sustainability investments and the growth of emission trading schemes will only increase the need for companies to understand how carbon accounting will impact their bottom line.”
 
The survey also revealed that although the CEO is the most likely person to be responsible for a company’s green strategy, 50% of companies surveyed don’t have any C-level involvement at all in their carbon accounting initiatives. 85% cannot report the level of carbon their company has consumed in each of the last six months, and nearly 70% believe that they accurately account for less than 25% of their company’s carbon consumption.
 
“Pursuing a green agenda and increasing operational cost savings are not mutually exclusive tasks,” said Purcell. “We urge all companies to move the green agenda higher up on their corporate social responsibility (CSR) priorities. By being prepared in advance, companies can avoid potential penalties for not adhering to legislation, and also realise the strategic advantages that include operational cost savings and additional revenue streams.”
 
A summary of key survey results
  • An overwhelming majority (58%) had not heard of the term ‘carbon accounting’.
  • Less than a quarter could accurately describe what carbon accounting means.
  • 80% do not monitor their carbon footprint regularly.
  • A third don’t know if their company is under legal obligation to report emissions.
  • While the CEO is the most likely person to be responsible for a company’s carbon strategy, 50% don’t have any C-level involvement at all.
  • The majority (85%) can’t tell the level of carbon their company has consumed in each of the last six months.
  • More than half think carbon accounting has impacted their business positively.
  • Nearly 70% believe they accurately account for less than 25% of their carbon consumption.

479

  HOT PRODUCTS

 

Colby Drive-In Pallet Racking

Low cost and versatile high-density storage  more»

 

UNE Partnership

When you enrol in any full qualification between 1st May and 30th June 2012 you will receive 10% off the advertised course fee (valued between $180 and $470).  more»

 

The World's Most Important Gathering of Supply Chain Leaders

How do you and your team maintain supply chain prowess in the face of today's challenges? Attend Gartner Supply Chain Executive Conference 23-24 July 2012 in Sydney. Get actionable advice for every executive on the supply chain leadership team.  more»

 

Dexion RDS, Controlling Every Aspect of Your Warehouse Operations

RDS bridges the gap between your current systems' capability and how you envisage your distribution centre's operating potential.  more»

 

TOSHIBA TEC Launches Five New Industrial Barcode Label Printers with a Punchy Pr

Toshiba TEC challenges the conventional thinking of the industry with top of the range barcode label printers at must-buy price point.  more»

 

Exceptional Melbourne Based T&D Business For Sale

"Call for expression of interest" by 31 May 2012  more»

 

Save on Fees, Manage Your Freight

Freight Management Software introduces our latest innovation - FMS Dispatcher  more»

 

Dexion Speedlock Pallet Racking

Dexion Speedlock offers a leap forward in racking component design.  more»

Click here to view more Hot Products

Looking for a particular product?   Advanced Search.

  T&L PUBLICATIONS

MHD Supply Chain Solutions
Has been the industry leader for more than 30 years. It is the reference guide for professionals striving for effective end-to-end supply chain management...

Diesel
A bi-monthly magazine that has shaken up the Australian road transport magazine sector with sharp news stories and bold feature articles on the diverse character of the Australian trucking market...
 

 
VISIT INTERMEDIA SITES
 


 
 
The Intermedia Group (TIG) is a leading Australian B2B publishing, event management and technology business providing the most comprehensive and targeted B2B advertising network in Australia.

TIG's brands are a leading source of vital information for Australian and New Zealand businesses within the following 12 vertical markets: Beauty, Construction, Electronics, Entertainment, Government, Health, Homewares, Hospitality, Interior Design, Logistics, Motoring, Procurement, Retail, Recreation and Technology
Intermedia Websites
© The Intermedia Group. www.intermedia.com.au Privacy & Copyright