Companies now have to report on their ecological footprint

Jun 22, 2012 07:36 GMT  ·  By

Only recently, UK's Deputy Prime Minister, Nick Clegg, announced that, starting with the next financial year, businesses listed on the Main Market of the London Stock Exchange would be compelled to publicly disclose exactly how much greenhouse gases their daily activities release into the atmosphere. Apparently, the end-goal is to determine the said companies to improve on their ecological footprint, simply by placing them under a green spotlight.

As Defra explains, the UK's decision to implement such new rules and regulations for its businesses stems from the fact that, by the year 2025, the country plans on bringing down carbon emissions to 50% of their 1990 levels.

In turn, the need to cut down on air pollution is a direct consequence of the British people's becoming more and more aware of the fact that climate change is a serious threat to human society.

Since major companies play a significant part in clogging up our atmospheric air with various chemical compounds, it is only logical that in order to aid the environment, ways must be found to reduce the pollution the said companies are responsible for.

Interestingly enough, most of UK's top businesses do not seem to have any kind of problems in abiding by the new standards the government has in store for them.

The same source reports that Deputy Prime Minister Nick Clegg explained how “British companies need to reduce their harmful emissions for the benefit of the planet, but many back our plans because being energy efficient makes good business sense too.”

He also added that “It saves companies money on energy bills, improves their reputation with customers and helps them manage their long-term costs too.”

Thus, even if the main drive for reducing the greenhouse gas emissions of British businesses is money, the natural world will also find itself benefiting from such decisions.