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The Carbon Reduction Commitment and Retailing Jane Milne Director of Business Environment British Retail Consortium
7

Carbon Reduction Commitment Scheme as at April 2009

Jun 26, 2015

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Real Estate

Jane Bevis

As retailers and property owners prepared for the introduction of this statutory scheme, designed to encourage greater energy efficiency and emissions reduction from commercial property in the UK, this presentation examines the benefits and the shortcomings.
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Page 1: Carbon Reduction Commitment Scheme as at April 2009

The Carbon Reduction Commitment and Retailing

Jane MilneDirector of Business Environment

British Retail Consortium

Page 2: Carbon Reduction Commitment Scheme as at April 2009

BRC Retail Members

We represent:

• Over 80% of the retail industry.

• 30,000 smaller and medium sized retailers.

• Over 70 major retail members, with over 190 facias

• A broad church of large to small; out of town to high street; food and non-food; stores and online/direct.

Page 3: Carbon Reduction Commitment Scheme as at April 2009

Where is energy on your Board’s priorities?

• Insert cost diagram to demonstrate how trivial energy costs are

Page 4: Carbon Reduction Commitment Scheme as at April 2009

Retail Stocks

Page 5: Carbon Reduction Commitment Scheme as at April 2009

Are you a near miss - or are you still caught?

• If you had at least one HHM but less than 6,000 MWh (~£0.5m) electricity consumption you have to make information disclosures

• If you used over 3,000 MWh (~£0.25m) this includes total annual consumption

• If your non-inventory turnover is around [£12m] pa as a non-food retailer this could apply to you - or a lower figure for a food retailer with refrigeration

Page 6: Carbon Reduction Commitment Scheme as at April 2009

Are you a tenant - or a landlord?

• Wherever you are a tenant, if your landlord is the counterparty for the electricity supply, they are responsible for the emissions - but do you understand what is being done to improve energy efficiency and what the impact on your service charges will be?

• Wherever you are a landlord, the reverse will be true - what are you doing about it?

Page 7: Carbon Reduction Commitment Scheme as at April 2009

Groups, parents and franchises• All fascia should be under a single registration and report, with any single subsidiary which would qualify in its own right separately identified (M&A)

• Default is for parent company to report, but if the group includes manufacturing capacity, would this company have more expertise?

• Are you able to capture and verify data from franchisees? Are you building provisions into your franchise contracts to require information exchange and incentivise energy efficiency