From 6 April 2022 it has become mandatory for over 1,300 of the largest UK-registered companies to disclose their climate-related financial information in line with the Taskforce on Climate-related Financial Disclosures (TCFD) recommendations. As part of this, all corporations on the Financial Conduct Authority’s Official List (are “listed”) are required to report their annual UK energy use and greenhouse gas emissions. Building upon the TCFD reporting framework, the largest UK-registered companies will also have to report their financial information relating to activities aligned with a series of environmental sustainability criteria (the Green Taxonomy), as well as their net zero transition plans, under the Sustainability Disclosure Requirements (SDR).
There are multiple possible routes for companies to decarbonise and this report will focus on two of them: on-site generation of low-carbon energy and the purchasing of low-carbon energy through a CPPA.
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