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  • Inenco has 25TW (£2.4bn) energy under management, which could power the whole of Ireland for an entire year!
  • Our customers are paying 48% less than the market price for their gas commodity. That's a saving of £480k per £1m that would have been spent
  • Our experts process over 93,000 invoices per month and we've recovered over £11m in over-charges for our clients in the last year
  • Inenco look after 8,000 customers across the group, managing 140,000+ meter sites
  • We provide support to over 500 businesses for energy and carbon management
  • Our solutions team have identified savings of £37.5m per annum for our clients, a total of 495,338,992 kWh savings identified
  • Last year we saved our CCA clients alone £25.5m

EU Non-Financial Reporting Directive

EU Directive 2014/95/EU aims to harmonise minimum non-financial reporting standards, including sustainability and CSR; to increase transparency; and, ultimately, to improve environmental and social performance.

The EU Directive 2014/95/EU applies to “public-interest entities” (PIEs) with ≥ 500 employees. This generally means listed companies or certain finance or insurance entities. It applies to financial years starting on or after 1st January 2017.

It requires a non-financial statement to be included in the annual report, and should carry relevant information on environmental, social and employee-related matters, respect for human rights, and anti-corruption and bribery, as applicable to the reporting organisation. The statement should include a description of any policies, outcomes and related risks, and details of relevant due diligence processes, including supply and subcontracting chains.  Further details of possible areas for disclosure are given below.

Environmental elements

Possible areas for disclosure
  • material disclosures on pollution prevention and control;
  • environmental impact from energy use
  • direct and indirect atmospheric emissions
  • use and protection of natural resources (e.g. water, land) and related protection of biodiversity
  • waste management
  • environmental impacts from transportation of or use and disposal of products and services
  • development of any green products and services
Example and possible KPIs
  • energy performance and improvements in energy performance
  • energy consumption from non-renewable sources and energy intensity
  • greenhouse gas emissions and intensity
  • emissions of other pollutants (absolute values/ intensity)
  • extraction of natural resources
  • impacts and dependences on natural capital and biodiversity
  • waste management (e.g. recycling rates)
Further guidance and methodologies
  • The EC’s Product Environmental Footprint and Organisation Environmental Footprint methods

Social and employee matters

Possible areas for disclosure
  • implementation of ILO’s fundamental conventions
  • diversity issues, e.g. gender diversity and equal treatment, including age, gender, sexual orientation, religion, disability, and ethnic origin
  • employment issues, including employee consultation and/or participation; and employment and working conditions
  • trade union relationships
  • human capital management, including training, restructuring, and remuneration
  • health and safety at work
  • consumer relations, including consumer satisfaction, accessibility, products with possible adverse effects on consumers’ health and safety
  • responsible marketing and research
  • community relations and development
Example and possible KPIs
  • gender and other diversity ratios
  • employees entitled to parental leave, by gender
  • workers in activities with a high risk of specific accidents or diseases
  • occupational accidents, injury or disease
  • employee turnover
  • ratio of employees working under temporary contracts, by gender
  • average training per year by gender
  • employee consultation processes
  • number of persons with disabilities employed
Further guidance and methodologies
  • OECD Guidelines for multinational enterprises
  • International Labour Organization Tripartite Declaration of Principles concerning Multinational Enterprises and Social Policy, or ISO 26000.

Respect for human rights

Possible areas for disclosure
  • potential and actual impacts of their operations on right-holders
  • commitment to respecting human rights; relevant expectations of management, employees and business partners; core labour standards.
  • whose rights are addressed, e.g. children, women, indigenous peoples, persons with disabilities, local communities, smallholder farmers, victims of human trafficking
  • rights of workers, including temporary; those in in supply chains or sub-contractors; migrant workers
  • human rights due diligence
  • processes to prevent human rights abuses, e.g. how supply chain contracts deal with human rights; how to mitigates potential negative impacts on human rights
Example and possible KPIs
  • occurrences of severe impacts on human rights relating to company activities
  • process for receiving and addressing complaints and mitigating and remedying violations
  • operations and suppliers at significant risk of human rights violations
  • measures for preventing trafficking in human beings
  • accessibility of facilities, documents and websites to people with disabilities
Further guidance and methodologies
  • Guiding Principles on Business and Human Rights implementing the UN ‘Protect, Respect and Remedy’ Framework
  • OECD Guidelines for multinational companies
  • ILO Tripartite Declaration of Principles concerning Multinational Enterprises and Social Policy.

Anti-corruption and bribery matters

Possible areas for disclosure
  • Decisions, management instruments, and resources allocated to fighting corruption and bribery
  • How they assess fighting corruption and bribery
  • Action to prevent or mitigate adverse impacts
  • How to monitor effectiveness of any actions taken
  • Any relevant internal/external communication
Example and possible KPIs
  • anti-corruption policies, procedures and standards used
  • criteria used in corruption-related risk assessments
  • internal processes to prevent corruption and bribery
  • employee training
  • any whistleblowing mechanisms
  • number of pending or completed legal actions on anti-competitive behaviour.
Further guidance and methodologies
  • OECD Guidelines for Multinational Enterprises
  • ISO 26000

Supply chains

Possible areas for disclosure 
  • Supply chain matters that have significant implications for a company’s development, performance, position or impact
  • general understanding of a company’s supply chain
  • how relevant non-financial matters are considered in managing the supply chain
  • Where detailed disclosure is considered commercially sensitive, summarised disclosure is acceptable.
Example and possible KPIs
  • labour practices, including child/forced labour, precarious work, wages, unsafe working conditions (building safety, protective equipment, workers’ health)
  • trafficking in human beings and other human rights matters
  • greenhouse gas emissions and other water/environmental pollution
  • deforestation and other biodiversity-related risks
  • company’s impact on suppliers, e.g. payment terms and average payment periods
Further guidance and methodologies
  • OECD Guidelines for Multinational Companies
  • UN Guiding Principles on Business and Human Rights
  • relevant industry-specific frameworks, e.g. FAO-OECD Guidance for Responsible Agricultural Supply Chains

Conflict minerals

Possible areas for disclosure
  • Relevant information on due diligence to ensure responsible supply chains for tin, tantalum, tungsten and gold from conflict-affected and high-risk areas
  • Relevant information on performance of policies, practices and results on conflict minerals due diligence
  • Steps taken to implement ‘five-step framework’ for risk-based due diligence in the mineral supply chain as set out in the OECD Due Diligence Guidance (see below)
Examples and possible KPIs
  • nature and number of risks identified
  • measures taken to prevent and mitigate these risks
  • how the company has strengthened its due diligence efforts over time.
Further guidance and methodologies
  • OECD Due Diligence Guidance for Responsible Supply Chains from Conflict-Affected and High-Risk areas (including supplements

Protocols and methodologies*

  • The FRC’s guidance is the most current UK publication (this is due to be updated)
  • Eco-Management and Audit Scheme (“EMAS”) (1993)
  • United Nations (UN) Global Compact – sustainable development protocol
  • Guiding Principles on Business and Human Rights implementing the UN ‘Protect, Respect and Remedy’ Framework (2011)
  • OECD Guidelines for Multinational Enterprises (2011)
  • International Organisation for Standardisation’s ISO 26000 (2010)
  • International Labour Organisation’s Tripartite Declaration of principles concerning multinational enterprises and social policy (2014)
  • Global Reporting Initiative (GRI; updated annually)

* Not all protocols cover all reporting requirements