Press Release: Launch of the UKCRF
New website aims to channel millions into UK carbon-cutting schemes
3rd September 2011
The UK Carbon Reporting Framework (CRF) will be launched today, developed in a partnership between BRE, British Airways, Deloitte and Forum for the Future. The framework acts as a matchmaker between carbon reduction projects, such as community owned renewable energy installations and the energy efficient refurbishment of social housing, and organisations wishing to support such projects in the UK.
The CRF is being launched at Deloitte’s London offices on Tuesday 30th August. British Airways will be the first company to support the scheme through their new One Destination Carbon Fund.
Jonathon Counsell, Head of Environment at British Airways said: “The UK Carbon Reporting Framework marks a milestone for carbon management in the UK and British Airways is incredibly proud to have been a founding partner and the first user of the framework. Through our new One Destination Carbon Fund, which is due to be launched in September, our customers can help support carbon reduction projects based in the UK – something that has not previously been available.”
Peter Madden, Chief Executive of Forum for the Future said: “This is an innovative approach to tackling climate change. The framework enables funders to support projects that have clear links to their work and the communities in which they operate. It should result in more money going to tackle climate change, create green jobs and will work well alongside other schemes in helping the UK meet its targets.”
A major barrier to a greater level of UK corporate support for local projects has been uncertainty around carbon reduction and other associated benefits that funding organisations can claim have been achieved as a result of their support.
This is where the CRF aims to play a key role. It will enable companies to understand the impacts of their investment, so they can make the appropriate claims on the carbon savings and associated project benefits.
To achieve this, the framework will require carbon reduction project developers to use standardised carbon accounting methods to calculate the reductions associated with their projects. Where these already exist such as the Woodland Carbon Code, they will be used. Where these are required, BRE has initiated the development of new methodologies and will work with appropriate sector expert organisations to develop new ones going forward.
Guy Battle, Head of Deloitte’s Sustainability Services said: “There is increasing demand from businesses for a framework to facilitate investments of this type in the UK. The UK Carbon Reporting Framework will help bridge this gap. It will bring benefits to the communities through the projects funded; project sponsors through increasing the reach of their sustainability programmes and also the environment by securing carbon reductions. Deloitte is pleased to be supporting the framework which offers our clients another way to implement carbon reduction opportunities outside their own boundaries.”
"Our research and other evidence strongly demonstrates that UK corporates want to support carbon reduction projects in this country", said Jon d’Este-Hoare of BRE. "There is also a ready supply of high quality projects in need of funding. UK-based carbon reduction projects do not qualify for carbon offsetting schemes, but offsetting is not the only way – or motivation – for companies to support these projects.
"The reasons why companies want to support UK based projects are many and varied. For some it may be the opportunity to support projects which have a direct impact on the lives of their staff and customers. For others it may be about communication – solar panels on the local school are easier to understand than a carbon offset project overseas."
The framework provides a database that will match carbon reduction projects with funders. Project developers can now go to www.ukcarbonreporting.org to register their projects. Project sponsors can find authoritative information on the benefits that their support can achieve and how best to integrate supporting UK projects into their carbon management plans.
For further information contact Linda McKeown, BRE 01923 664569 firstname.lastname@example.org
BRE has been building a better world for almost 90 years through cutting edge research, consultancy and testing services. The organisation's unrivalled knowledge in regard to sustainability and innovation is used across the construction industry and in the corporate world creating better buildings, communities and businesses. BRE is part of the BRE Group of companies owned by the BRE Trust, a registered charity. The profits made by BRE go to the BRE Trust the largest UK charity dedicated specifically to research and education in the built environment. www.bre.co.uk
British Airways is one of the world’s leading global premium airlines. It takes its environmental responsibilities very seriously and focuses on assessing and minimising the impact of its business on climate change. The airline aims to set the standard in responsible aviation.
In this press release, references to Deloitte are to Deloitte LLP which is among the country's leading professional services firms.
Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited ('DTTL'), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.
The information contained in this press release is correct at the time of going to press.
For more information, please visit www.deloitte.co.uk
One Destination Carbon Fund
One Destination is British Airways’ corporate responsibility programme. The One Destination Carbon Fund will be launched during September 2011 and will replace BA’s carbon offset scheme. British Airways will donate all of the funds received into the BA One Destination Carbon Fund to Pure the Clean Planet Trust (Registered Charity No. 1112249)
Forum for the Future
Forum for the Future is a non-profit organisation working globally with business and government to create a sustainable future. It aims to transform the critical systems that we all depend on such as food, energy and finance, to make them fit for the challenges of the 21st century. It has 15 years’ experience inspiring new thinking, building creative partnerships and developing practical innovations to change our world. www.forumforthefuture.org
The Forum’s work on energy has three key strands:
- To scale up sustainable heat, electricity and transport solutions
- To help design new products, services and business models that will create a sustainable energy system
- To find new financial mechanisms to channel investment to innovative energy solutions.