Energy compliance refers to a set of regulations and standards that businesses must adhere to regarding their energy usage, conservation, and emissions. These requirements are designed to mitigate the environmental impact of businesses and encourage a transition towards more sustainable practices. By complying with energy regulations, businesses contribute to a greener future and demonstrate their commitment to responsible corporate citizenship.
Sustainability has become a critical focus for businesses looking to thrive in the long term. Energy compliance, an essential aspect of sustainability, plays a pivotal role in helping businesses reduce their environmental impact and uphold their responsibilities. In the United Kingdom, businesses are increasingly recognising the significance of energy compliance and the benefits it brings to their operations and reputation.
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Delve into Omnium's key services to secure your energy compliance and bolstering efficiency. We pair detailed energy audits with insightful data analysis to discover your potential for improvement.
The UK government places significant emphasis on corporate transparency and accountability. As part of this commitment, publicly quoted businesses are required to report on their sustainability efforts, including energy compliance measures. Key reporting frameworks include:
Streamlined Energy and Carbon Reporting (SECR): SECR mandates large UK organisations to disclose their energy usage, greenhouse gas emissions, and energy efficiency measures in their annual reports.
Task Force on Climate-related Financial Disclosures (TCFD): Although not mandatory, TCFD encourages businesses to report on climate-related risks and opportunities, including those related to energy compliance.
Carbon Reduction Commitment (CRC): This scheme targets larger non-energy-intensive organisations, compelling them to purchase allowances based on their carbon emissions. Although CRC is being phased out, businesses must still comply with reporting requirements until its complete cessation.
While larger businesses in the UK are mandated to adhere to reporting legislation on sustainability and energy compliance, smaller businesses, despite not having a legal obligation, have increasingly recognised the importance of voluntary reporting for moral reasons and broader industry recognition.
By choosing to report on sustainability, these smaller enterprises showcase their commitment to social and environmental responsibility, and in some cases, pursue industry benchmarks like Planet Mark or B Corp status.
Publicly disclosing their efforts to reduce carbon emissions, conserve resources, and adopt sustainable practices helps businesses build trust with customers, employees and the local community.
For smaller businesses, voluntary reporting can present challenges, including limited resources and expertise. Omnium can help overcome these obstacles:
Start Small: Begin with manageable sustainability goals and gradually expand reporting efforts. Data is key and would be the starting point of any Omnium journey. Data monitoring allows areas for improvement to be identified via regular energy audits.
Engage Stakeholders: Our reporting platform pinpoints usage and presents it in a user-friendly format, allowing employees and other stakeholders to become actively involved in energy-saving initiatives and share a sense of responsibility. This has led to significant behaviour change and subsequent cost savings.
Reinvest Savings: By reinvesting savings into additional technology, alongside considered contract procurement, partners have been able to accurately budget and achieve sustainability and cost-saving goals over a planned time period. Energy contract procurement may also include exploring the adoption of renewable energy sources to reduce reliance on fossil fuels and decrease carbon emissions.
Return on Investment: By including cost-saving technology alongside income-generating actions, accurate and attractive RoI ratios can be achieved.
Omnium is a leading provider of bespoke energy management solutions. With a dedication to sustainability and efficiency, we work alongside our partners to optimise their energy usage, minimise costs, and meet compliance standards. Together, we’re paving the way to a greener, more sustainable future.
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