The Energy Saving Opportunity Scheme (ESOS) Phase 3 brings a pivotal change to the forefront – the mandatory implementation of Energy Action Plans (EAP). Companies are now legally obligated to publish an energy improvement plan, stating their plans on how to implement those. This plan must be submitted annually, with progress reports against it also becoming a matter of public record. Having delved into the intricacies of this requirement, I am pleased to have played a role in testing and integrating it within our holistic reporting platform.
Our holistic reporting platform, the backbone of our resource reports, facilitates the necessary number crunching for comprehensive reporting. The introduction of Energy Action Plans represents a significant paradigm shift, requiring companies to produce detailed plans, complete with specific calculations, and submit them through the newly established portal. Annual reporting against these plans is now a mandated practice.
ESOS: Energy Actions Plans
The progress reports on these Energy Action Plans will not only be scrutinised but also made public by the designated authority, the Environment Agency. This transparency underscores the urgency for companies to strategise and commit to energy and carbon reduction initiatives. For those yet to formulate a plan, the time is now to initiate thoughtful considerations on reducing both energy consumption and carbon emissions.
The deadline for producing and filing the Energy Action Plan is set for December 2024. Many companies are expected to complement their plans with a formalised carbon reduction strategy, signalling a commitment to sustainable practices. This monumental change in ESOS Phase 3 represents a crucial step in the right direction, compelling the nation to take carbon reduction more seriously.
In this transformative phase, businesses are encouraged to actively consider and implement measures that contribute to a more sustainable future. If you seek detailed information or assistance regarding the complex landscape of ESOS, including acronyms such as SECR, science-based targets, TCFD, TNFD, LCAs, EPDs, or any related queries, feel free to reach out. I am committed to offering support and guidance as we collectively embrace and navigate these changes.If you’re wondering how to calculate Scope 3 emissions, consider utilising specialised software tools like the Enistic software. These tools can assist in navigating the complexities and ensuring accurate and thorough reporting.
Find out more information about the new changes to ESOS Phase 3 and how to comply with ESOS on ou YouTube channel “Carbon College“. And if you have any questions or need further assistance, feel free to reach out.