The Coalition Government’s Mandatory Energy Reporting (MER) came into effect on the 1st October 2013.
The legislation, also known as Mandatory Green House Gas Reporting, is being introduced to further encourage companies to measure and reduce emissions.
The new regulation is mandatory for all UK registered companies that adhere to one or more of the following:
- Listed on the Main Market of the London Stock Exchange
- Listed elsewhere in the European Economic Area (EEA)
- Listed on the New York Stock Exchange (NYSE)
- Listed on the National Association of Securities Dealers Automated Quotations (NASDAQ)
All companies meeting the above criteria will be required to report greenhouse gas emissions in their annual report. These MER reports must report on the following:
- GHG Scope 1: All direct GHG emissions
- GHG Scope 2: Indirect GHG emissions from consumption of purchased electricity, heat or steam
- Include all 6 Kyoto greenhouse gases
- carbon dioxide (CO2)
- methane (CH4, nitrous oxide (N2O)
- hydrofluorocarbons (HFCs)
- perfluorocarbons (PFCs)
- sulphur hexafluoride (SF6)
Though the legislation comes into effect 1st October, liable companies will have to report on their GHG emissions from April 2013.
Utilitywise can support any of our relevant clients through the MER process. Please direct any questions email@example.com.