Green Regulations for Large Businesses
Larger organisations are often the first to be affected by new legislation. Stay ahead with guidance on compliance, reporting obligations, and strategy planning.
Regulations Already in Force
- SECR (Streamlined Energy and Carbon Reporting): Large companies must report on Scope 1 and 2 emissions in their annual reports as part of existing compliance.
Emerging Legislation to Prepare For
- Expanded TCFD Reporting: Disclosure of climate-related risks is expected to include Scope 3 emissions in the near future. Now is the time to prepare.
- Carbon Border Adjustment Mechanism (CBAM): Expected from 2027, this will add tariffs to carbon-intensive imports. This may impact your procurement and supply chain choices.
Why Act Now
- Compliance Risk: Delays in reporting readiness can result in legal and financial consequences.
- Investor Confidence: ESG (Environmental, Social, Governance) standards are becoming a requirement for investment and partnerships.
- Reputation and Tendering: Sustainable practices improve public image and help win contracts—especially in public sector procurement.
Actions to Take
- Implement carbon accounting systems for Scopes 1 and 2, and begin mapping Scope 3 emissions.
- Invest in energy-efficient equipment, buildings, and operations to reduce emissions now and make the most of available grants.
- Review your supply chain and start sourcing from greener partners.
- Take advantage of Worcester BID’s Green Space programme for workshops, support, and Net Zero planning tools. First sessions coming soon!