Utility suppliers are under pressure to measure carbon
Use of CarbonLow’s accounting software iCAT is giving utility company suppliers the edge when it comes to reporting their carbon emissions data under the Carbon Disclosure Project (CDP).
Employing CarbonLow’s online iCAT software (which collects emissions data from travel, property, waste and supply chain) puts a company in a much stronger position to be able to report intricate product and operational data at all levels and across a complex hierarchy, including the supply chain.
And this is good news for manufacturers and distributors in the utility sector who are increasingly being called upon to participate in the CDP. National Grid, a major utility purchaser, has signed up to the ‘CDP supply chain project’, which seeks to involve not just its primary suppliers but those further down its supply chain. This is having the effect of ‘kick starting’ this sector into self regulation of its carbon emissions via the CDP.
To help its manufacturing companies comply with the CDP’s annual return, CarbonLow has this month released a new report that will further assist companies who need to make sure they have all the data in the right place to make their report.
Offered from within CarbonLow’s online carbon software iCAT (integrated Carbon Accounting and Trading), the new CDP report processes the emissions data required and presents them in a format that exactly matches the requirements of the CDP annual return.
As advisors to some of the major manufacturing companies in the utility sector, CarbonLow was increasingly being asked to assist in the preparation of CDP reports, which led to the design of the refinement to their software.
CarbonLow is using iCAT and the new report, to work alongside National Grid and assist with CDP submissions this year for utility sector leaders Fusion Group and WT Burden.
Managing Director Peter Walden explains how iCAT has helped one of CarbonLow’s clients in its CDP journey:
“AVK, a leading valve manufacturer in the utilities sector and a supplier to National Grid, was asked to make its first CDP return last year.
“As a user of our software iCAT, it was well-placed in terms of its data collation to make the disclosure and we assisted with this.
“AVK’s high score, which made it a sector class leader, has prompted the company to use the results in a marketing campaign that will show its stakeholders, investors and customers that it has a serious differentiator.”
The Carbon Disclosure Project (CDP) is an independent not-for-profit organisation holding the largest international database of company climate change information. Through the project’s online process, companies can measure and disclose their greenhouse gas emissions and climate change strategies, set reduction targets and make reductions.
For more information on how CarbonLow’s iCAT software can help your company to report and reduce your CO2 emissions call 0845 634 6071 or email icat@carbonlow.co.uk