Wednesday, July 08, 2009

Carbonetworks Launches Software Solution To Support Businesses Facing The Carbon Reduction Commitment (CRC)

Carbonetworks, the leading provider of technology solutions for carbon management, has announced the launch of new applications within its software platform to help UK businesses facing the Carbon Reduction Commitment (CRC), the UK’s first legally binding climate and energy saving scheme, which will be enforced from April 2010. The CRC will affect around 20,000 businesses in the UK, introducing strict emission reporting requirements and mandatory carbon and energy reduction regulations.

Carbonetworks’ software solves the business challenges involved in meeting the CRC’s new emission reporting requirements and unlike spreadsheet-based carbon footprint calculation tools, provides robust business controls, fully audited reports of carbon and energy usage, and modeling and scenario planning capabilities to help businesses identify reduction opportunities and implement the necessary projects to meet mandatory caps. The Department of Energy and Climate Change will reward companies for exceeding their goals with financial and reputational incentives, or issue stiff penalties including monetary fines for underperformance.

Michael Meehan, President and CEO of Carbonetworks, explains, “Carbonetworks’ software provides the tools needed for CRC compliance, allowing businesses to take advantage of the incentives instead of trying to dodge the penalties at the last minute. We are doing for CRC reporting what we did for customers reporting to the Carbon Disclosure Project, automating the process while providing solutions to mitigate risk, reduce costs, and improve performance.”

Meehan continues, “We are committed to supporting our customers in meeting local legislative mandates, such as the CRC. Beyond compliance, we help our clients to improve operational performance related to carbon, energy and other sustainability related issues by leveraging leading technologies and methods.”

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