1 minute read
Going Beyond Compliance
ADVERTORIAL by Inspired Energy
Emma Hird, Client Optimisation Manager at Inspired Energy talks about how businesses can make energy legislative compliance a revenue positive exercise.
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Emma Hird, Client Optimisation Manager at Inspired Energy
Many businesses perceive ESOS and Streamlined Energy and Carbon Reporting (SECR) as a cost exercise. Undeniably, both schemes do represent an administrative and managerial commitment. But what they also represent is an opportunity to create long term energy, cost and carbon savings which can increase a company’s bottom line.
How can you make compliance a revenue positive exercise? Preparation in advance of the reporting deadline is key, this allows qualifying organisations to ensure that they have a robust methodology in place for collecting their energy data on a regular basis, as well as identifying and implementing energy efficiency actions throughout the reporting year.
Inspired Energy has an extensive history of working on government compliance schemes such as ESOS and CRC, with 100% compliant external audits for both schemes. In fact, we identified savings of over £14m for our ESOS Phase 1 clients.
Do you qualify? Approximately 12,000 organisations will need to comply with SECR and ESOS. Quoted companies, large companies and LLPs are the target for these government schemes.
It’s important to note that the qualification criteria differ slightly for these two schemes.
If you are unsure whether your organisation will be affected by one or both schemes discussed in this article, we would strongly urge you to find out.
Are there penalties? Non-compliance, such as failure to submit on time can incur a fixed penalty and in the case of ESOS, publication of non-compliance.
What next? Organisations who qualify need to review how they collect energy data, report and demonstrate energy efficiency improvements.
The final countdown for ESOS Phase 2 and SECR has begun, with the deadline for ESOS Phase 2 submissions on 5th December 2019.
To find out more about these schemes visit: www.inspired-secr.co.uk www.inspired-esos.co.uk
