Carbon reporting: Implications for small business
Reporting on your businesses’ carbon footprint may seem like a long way off, but supply chain pressure has been building for some time and the spread from FTSE 100 companies to SMEs is inevitable, says Nathan Wimble commercial director at The CarbonNeutral Company.
AccountingWEB caught up with Wimble to find out how the finance function and carbon can come together to help grow a business.
“What we do is help companies achieve their carbon reduction goals in a way that strengthens their business,” Wimble said. “It's not a philanthropic exercise; it's very much about doing good business and driving your business forward.”
He explained that with the introduction of mandatory carbon reporting (MCR) policy, all of a sudden nearly all of the FTSE 100 are measuring their carbon footprint and it’s a matter of time before they start asking their suppliers what they're doing as well.
Currently around 96% of the FTSE 100 reports to the Carbon Disclosure Project (CDP) and by this time next year Wimble believes they will all have carbon footprint reports.
However, he added...