Summer has proven to be a particularly busy time for the team at IEC. This is because we’ve had to prepare and submit reports on behalf of our clients who are in the CRC (Carbon Reduction Commitment) scheme.
The CRC scheme requires companies in energy-intensive industries to calculate and report their carbon emissions and to ‘buy’ carbon to offset their impact on the environment.
Because this can be a time-consuming process, and there are severe penalties for late or inaccurate reporting, we take responsibility for CRC compliance for a number of clients, particularly those involved in food manufacturing and cold storage.
IEC MD Mike Jones said: “The CRC scheme has been simplified in recent years but it still requires detailed and accurate reporting. The deadline for submission of annual reports was July 31st. Carbon is due for allocation in the Autumn although the process of reporting has enabled our clients to see in advance what the costs of their offset carbon are likely to be.”