Risk managers must take action to count the cost of carbon and help businesses reduce their emissions

With the second stage of the Energy Performance of Buildings Directive (EPD) fast approaching, a large majority of commercial buildings in the UK will be subject to new energy efficiency guidelines. Risk managers must take action to count the cost of carbon and help businesses reduce their emissions, the AIRMIC conference heard today.

Alex Matthias, energy business leader of insurer RSA, Barry Hudson, sales director of Charterhouse Energy Limited, and Martin Stephens, health and safety director of PRUPIM, discussed how the growing concerns over the environment, increased energy costs and changes in legislation are all leading to an uncertain future for UK businesses.

They cited seven objectives which risk managers should put into action immediately:

• Be fully informed of the EPD legislation

• Understand your company’s corporate and social responsibility ambitions

• Implement an energy efficiency strategy

“Buildings account for around 52% of the overall energy consumption in the UK. therefore making it the most important driver towards overall energy efficiency.

Alex Matthias, energy business leader of insurer RSA

• Formulate a budget

• Engage with a competent and qualified body who can provide the necessary certification

• Implement benchmarks

• Monitor energy activity going forward

They also presented a case study which demonstrated that effective energy management can significantly lower a business’ CO2 emissions and energy spend.

‘Buildings account for around 52% of the overall energy consumption in the UK. therefore making it the most important driver towards overall energy efficiency.’ Matthias told a workshop.