Business

Evidence Packs

All participants in the Carbon Reduction Commitment will be required to produce evidence packs in case of an audit. The evidence pack must include:

Structural Records - with clear definitions for the structure of the organisation. Information on implmentin early action metrics and growth metric across all subsidiaries.

Organisational Structure

In identifying the organisational structure, it should be a relatively simple process where the organisation and/or subsidiaries are owned and operated in the UK. However, where a qualifying organisation has a foreign owner, the owner will be required to appoint of an agent to act on behalf of the subsidiaries within the UK. In doing so, regardless of whether or not the agent has direct control over the subsidiaries, they will be able to act as a representative to group all subsidiaries as one.

Significant Subsidiaries

A significant subsidiary is any part of a larger organisation that in itself consumed more than 6000 MWh of half hourly electricity during 2008. In this circumstance, the significant subsidiary may be able to enter into the carbon reduction commitment scheme in isolation from the rest of its parent or group organisation.

Carbon Reduction Commitment Bonus and Penalties

The carbon reduction commitment originally aimed to use a bonus and penalty scheme as part of the incentive for organisations to reduce their levels of emissions. Any bonus for penalty administered to an organisation will be based on their position in the league tables.

However, following the Government's Spending Review on 20th October 2010, the bonus and penalty scheme appears likely to be dissolved, with all revenue from allowances being kept by the Treasury.

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