The Business Channel

Assessing the impact of CRC on your business

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The CRC efficiency scheme, a mandatory carbon cap and trade scheme, starts in April 2010 and will impact 20,000 business and public sector organisations. The Sustainable Technologies Group at Smith & Williamson, can advise on the legal requirements of the scheme, assist with the systems that should be put in place to monitor and measure energy use, the reporting requirements and provide audit assurance on the figures reported

Smith and Williamson

Smith & Williamson are a leading independent provider of accountancy, tax, corporate and financial advisory services, to businesses, non profit organisations and private clients. They are the eight largest accountancy firm in the UK, with over 1500 staff in 10 offices in the UK and Eire. Smith & Williamson are the principal UK member of Nexia International, an international network of accountants. The Sustainable Technologies Group within the firm was established with the objective of advising businesses on environmental business issues. The firm recognised at an early stage that environmental aspects and the issue of energy efficiency would rise rapidly up the corporate agenda. Smith & Williamson offer a wide range of services in this areas, including audit and assurance relating to carbon audit and carbon reduction commitment (CRC) requirements and also tax advisory services covering aspects such as environmentally beneficial plant and machinery allowances, environmental taxes and research & development tax relief. Dave Mouncey is a director that sits on the firms Sustainable Technologies Group.

Environment

The environment has emerged as a key business issue. The urgency for action in the face of climate change has been accepted by many business leaders, with some setting ambitious targets to reduce how many greenhouse gases their companies produce.

At one level, protecting the environment involves business in doing things that are good for the bottom line - such as using less energy and wasting fewer raw materials. But the scale of change needed is leading some to look for more radical solutions - changes to products and to the very model of how the business makes its money

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