UK’s CRC league table provides benchmark against which to measure future carbon emissions

November 8th, 2011 by KPMG

Commenting on the UK government’s first CRC Energy Efficiency Scheme league table, published on 8 November 2011, Vincent Neate, head of KPMG’s UK Climate Change & Sustainability practice, said “while it was always going to be an imperfect measure, due to the limited scope of the metrics available for such a diverse range of participants, today’s league table is a good indicator of those organisations that have taken steps to manage their carbon.

“It also creates a solid base for understanding, with actual data, what the emissions are for this middle tier of emitters which have rarely been examined before. It gives us a benchmark against which to measure future carbon usage.

“Another indication the table gives is that UK government coffers stand to gain approximately £734 million from the CRC’s carbon levy – averaging £349,000 per CRC participant – that will be collected at some point after next March. This is based on £12 per tonne of carbon and assumes a constant usage.

“As well as absorbing the financial implications of the CRC, I expect many organisations will begin a process of peer comparisons as a result of the league table publication. Whether this stimulates the desired action remains to be seen, but we’ve certainly seen some participants already responding to the financial impacts of the scheme and we’d expect the reputational impact, at least in the board room, to also be a motivator for some participants.”

At 99 out of 2700, KPMG was the highest placed accounting firm and one of the highest placed professional services firms.

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The Environment Agency have published the Performance league table on their website.

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