EUEC survey finds 58% of companies still have no system in place to measure emissions
Survey of 143 Energy & Utility Industry Executives at EUEC 2011 Shows Additional Concerns about Reporting Water Emissions and EPA Regulations
Enviance, Inc., a global provider of software solutions to help organizations manage and reduce greenhouse gas (GHG) emissions and other regulatory risks, reports today from EUEC 2011—America’s largest energy, utility and environmental conference—the results of an on-the-ground survey of the show’s executives and influencers. This is the second annual survey Enviance has commissioned at EUEC, with this year’s survey addressing year-over-year change in data along with new energy, utility and environmental concerns:
The survey of 143 energy and utility industry professionals attending EUEC found these following points:
1. Emissions Systems: 58% of executives surveyed responded that they have no system in place to record carbon emissions; an almost identical figure to the 61% of respondents from the same survey in 2010 that claimed their companies had no emissions recording systems in place.
2. Cap & Trade: In 2010, 53% of respondents commented that there would be no effect or they have no plans to address a carbon price/tax. In 2011, 65% of respondents commented there would be no effect or they have no plans to address a carbon price/tax; a surprising increase given California’s landmark AB 32 legislation that will implement a price on carbon by 2012.
3. Water Emissions: This year, the EUEC survey looked at the growing concern with water emissions and found that 55% of respondents identified water emissions as an equal priority to carbon emissions. Only 15% responded that carbon emissions are of greater priority than water emissions.
4. Monitoring the EPA: A dramatic 84% of respondents commented that they monitor changing EPA regulations “as they happen.” Only 7% of respondents commented that they monitor changing EPA regulations “when we have to,” showing a clear commitment of corporate EH&S teams to stay ahead of EPA legislation.
“The very small 3% drop in the percentage of companies that have no GHG emissions tracking system in place (58% this year compared with 61% last year), and the dramatic rise in the percentage of companies reporting no plans to deal with any price or tax on carbon (65% this year compared with 53% last year) suggest that neither the mandatory GHG reporting rule nor the SEC reporting guidance on GHG reporting is causing much of a change in industry,” said Lawrence Goldenhersh, president and CEO of Enviance.
'It will be interesting to see whether the advent of cap and trade in California in 2012--setting a price on carbon in the eighth largest economy in the world--will alter what companies consider necessary to meet the analysis and reporting requirements imposed by the Securities and Exchange Commission,' Goldenhersh added. 'It will also be interesting to see whether the industry's focus on water is being driven by regulation or the recognition that fresh water is a constrained resource that must be managed to advance profitability and protect competitiveness.'