ECOHZ asks EU Commission to reinforce Guarantees of Origin.
3 September 2014, Brussels – The EU should promote a coherent approach to how companies report consumption of renewable energy and reinforce Guarantees of Origin as the key disclosure tool, ECOHZ says in an open letter to the European Commission.
ECOHZ sent the letter asking that the Guidelines for Directive on disclosure of non-financial and diversity information by certain large companies and groups indicate existing EU-level disclosure frameworks and highlight Guarantees of Origin as a key disclosure tool for renewable energy.
“Including mandatory reporting on energy is an important step towards making the energy market more consumer friendly. Only through companies’ consistent reporting on energy, can consumers evaluate companies’ CO2-emissions and commitment to minimize their carbon footprint. Increasing energy transparency will change energy behaviour,” says Tom Lindberg, Managing Director, ECOHZ AS in an open letter to the European Commission.
Guarantees of Origin document that companies use electricity from renewable energy sources. A wide range of European companies, that seek validated disclosure tools, use Guarantees of Origin.
“Guarantees of Origin should be the standard that companies use to document their CO2-emissions and minimize their carbon footprint. This would allow companies to demonstrate their commitment across borders in a recognized manner and honor the efforts of member states that have already started to implement Guarantees of Origin” says Lindberg.
Reducing CO2-emissions and carbon footprint is fast becoming increasingly important as part of companies’ CSR policies. With the Directive, companies are left to disclose information in the most useful way. They may use international or national guidelines such as ISO 26000 or the UN Global Compact.
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